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10796 Penhurst Way Las Vegas, NV 89135

5 Beds 6 Baths 4,859 sqft Built 2001

$1,649,000

List Price

$5,410

$5.2K - $5.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $339.37
  • 3 Days on Market
  • MLS # : 2262062
  • Updated Date : 01/16/2021 at 03:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,859 sqft
  • Baths : 5 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

This is the ONE OF A KIND LOT you've been waiting for! Toll Brothers built home in guard gated Willow Creek. Backyard paradise with beach entry pool, 2 waterfalls, slide, spa, covered outdoor kitchen, built-in BBQ, firepit and so much room to play! Media room with wet bar and wine cellar. Eat-in Kitchen with giant pantry. Office/Bedroom Downstairs with bath. Primary bedroom with built-ins, fireplace, dual closets and access to balcony that spans the entire back of the home with views of the mountains and greenbelt. Large secondary bedrooms each with their own bathroom and custom walk in closets. Casita with separate entrance has it's own living space with fireplace, bedroom and bathroom.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Willows

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k395k

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

Neighborhood: The Willows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10762007

* 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
D'voree And Hall Ober Elementary School Primary Regular 669 39 8
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Palo Verde High School High Regular 3,024 114 9

D'voree And Hall Ober Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 39
8
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$1,484,100$1,813,900$1,649,000

PURCHASE PRICE

$4,869$5,951$5,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,410
EXPENSES Loan Payment -$5,728
Property Tax -$814
Property Insurance -$121
Property Management Fees -$119
CASH FLOW
-$1,372

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.

$1,649,000

PROJECTED PRICE

$5,410

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$442,735

INVESTMENT

$442,735

Down Payment
$412,250
Rehab Estimate
$5,750
Closing Costs
$24,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$5,728

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $412,250
Loan Amount $1,236,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$16,751

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,410

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $4,114

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$3,650
1$3,6502$3,8003$4,9004$5,410
$5,410
RENT COMPS ANALYSIS
  • 10796 Penhurst Way Las Vegas, NV 4
    • 5 beds 6 baths ∙ 4,859 Sqft ∙ Built 2001 5 beds 6 baths ∙ 4,859 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $5,410
    • $1.11
    •  
  • 10741 Capesthorne Way Las Vegas, NV 1
    • 5 beds 5 baths ∙ 4,575 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,575 Sqft ∙ Built 2003
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $0.80
    •  
  • 10829 Ickworth Court Las Vegas, NV 2
    • 5 beds 6 baths ∙ 4,945 Sqft ∙ Built 2003 5 beds 6 baths ∙ 4,945 Sqft ∙ Built 2003
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.77
    •  
  • 9909 Cozy Glen Circle Las Vegas, NV 3
    • 5 beds 5 baths ∙ 5,047 Sqft ∙ Built 1993 5 beds 5 baths ∙ 5,047 Sqft ∙ Built 1993
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $0.97
    •  
PROPERTY LISTING DETAILS
Angela K Tina
1.702.524.9718
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262062
Last Updated: 01/16/2021
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