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10792 Hawes End Court Las Vegas, NV 89183

4 Beds 5 Baths 3,877 sqft Built 1998

INVESTimate

$1,098,000

List Price

$3,090

$2,840 - $3,340

Rent Est.

$1,200,883  ( +9.37%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1998
  • Price/Sqft : $283.21
  • 14 Days on Market
  • MLS # : 2221858
  • Updated Date : 08/24/2020 at 12:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,877 sqft
  • Baths : 4 full , 1 half
Listing Agent

Allison James Estates & Homes

Listing Agent's Description

Extensively renovated estate on over 1/2 acre with all new bathrooms, new flooring, and wall finishes. All bathrooms have showers with stone floors and multiple fixtures. 2' x 4' tile throughout first floor. Many walls are finished with extra insulation and include tile, textured wood paneling, and high-end wallpapering. Custom cabinets and pro appliances in kitchen include 1 1/2 ovens, 6 burners + griddle, and commercial grade hood. Kitchen, family and dining room renovated to allow an open concept floor plan. Multiple new, large glass sliders all along the rear of the house providing easy access and views of the backyard. Backyard fully finished with turf, dozens of trees, stamped concrete, and covered patio adjacent to the pool with water features. Newly built outdoor grilling and bbq area includes large bar and sink. The estate is ideally located at the end of a cul-de-sac with no rear neighbors. Long driveways allow for multiple RV, boat, and car parking in front and in back.

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MARKET HIGHLIGHTS

  • Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
  • Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
  • Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)
  • A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
  • Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)

PRICE & RENT TRENDS

Neighborhood: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $112k296k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
John C. Bass Elementary School Primary Regular 885 46 6
Charles Silvestri Junior High School Middle Regular 1,748 68 NA
Liberty High School High Regular 2,496 105 5

John C. Bass Elementary School

  • Education Level: Primary
  • # of students: 885
  • # of teachers: 46
6
GreatSchools Rating

Charles Silvestri Junior High School

  • Education Level: Middle
  • # of students: 1,748
  • # of teachers: 68
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$988,200$1,207,800$1,098,000

PURCHASE PRICE

$2,781$3,399$3,090

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,090
EXPENSES Loan Payment -$4,051
Property Tax -$485
Property Insurance -$102
HOA -$238
Property Management Fees -$119
CASH FLOW
-$1,905

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,098,000

PROJECTED PRICE

$3,090

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.37%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$296,720

INVESTMENT

$296,720

Down Payment
$274,500
Rehab Estimate
$5,750
Closing Costs
$16,470

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $274,500
Loan Amount $823,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$121

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $3,090

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $3,354

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0903$3,1004$3,2505$3,750
$3,750
RENT COMPS ANALYSIS
  • 10792 Hawes End Court Las Vegas, NV 2
    • 4 beds 5 baths ∙ 3,877 Sqft ∙ Built 1998 4 beds 5 baths ∙ 3,877 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $3,090
    • $0.80
    •  
  • 289 Great Duke Avenue Las Vegas, NV 1
    • 5 beds 3 baths ∙ 4,058 Sqft ∙ Built 1998 5 beds 3 baths ∙ 4,058 Sqft ∙ Built 1998
    LEASED 06/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.74
    •  
  • 164 Glenbrook Estates Drive Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,648 Sqft ∙ Built 2010 5 beds 4 baths ∙ 3,648 Sqft ∙ Built 2010
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.85
    •  
  • 10144 Neville Court Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,699 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,699 Sqft ∙ Built 2002
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.88
    •  
  • 123 Shaded Up Avenue Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,777 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,777 Sqft ∙ Built 2018
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $0.99
    •  
PROPERTY LISTING DETAILS
Ron Ventura
1.702.907.1101
Allison James Estates & Homes
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2221858
Last Updated: 08/24/2020
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