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10908 Pine Meadows Court Las Vegas, NV 89134

2 Beds 1 Baths 1,402 sqft Built 1995

$369,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $263.84
  • 5 Days on Market
  • MLS # : 2247152
  • Updated Date : 11/13/2020 at 09:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,402 sqft
  • Baths : 1 full
Listing Agent

Urban Nest Realty

Listing Agent's Description

Gorgeous Turn Key Reno Model w/Strip View. Covered Patio. **BRAND NEW HVAC-this month** Open Spacious Floor Plan w/Vaulted Ceilings & Bay Windows in Both Bedrooms. Dining Room Area in Front off Living Room. Kitchen has Corian Counters, Stainless Steel Appliances, Kitchen Nook w/Bay Window & Sliding Glass Door to Covered Patio & Strip View. Bedrooms are on Opposite Sides of House. Master Bedroom has Large Walk-in Closet in Master Bath. Finished Garage w/Extra Golf Cart Area, Finished Garage, Water Softner & Cabinets. Laundry Room w/Cabinets, but Washer & Dryer are in the Garage. They can be moved back to Laundry Room. One of few homes in Sun City with a Natural Clay Tile Roof.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sun City Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k328k

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

Neighborhood: Sun City Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100115012001250130013501400145015001550160016501700Rent in $10671706

* 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
William Lummis Elementary School Primary Regular 555 27 7
Ernest Becker Middle School Middle Regular 1,392 56 NA
Palo Verde High School High Regular 3,024 114 9

William Lummis Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 27
7
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Palo Verde High School

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

$332,910$406,890$369,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,365
Property Tax -$225
Property Insurance -$54
Property Management Fees -$119
CASH FLOW
-$233

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.

$369,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$9,892

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,528

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5254$1,5305$1,600
$1,600
RENT COMPS ANALYSIS
  • 10908 Pine Meadows Court Las Vegas, NV 4
    • 2 beds 1 baths ∙ 1,402 Sqft ∙ Built 1995 2 beds 1 baths ∙ 1,402 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $1.09
    •  
  • 2521 Sierra Sage Street Las Vegas, NV 1
    • 2 beds 1 baths ∙ 1,302 Sqft ∙ Built 1996 2 beds 1 baths ∙ 1,302 Sqft ∙ Built 1996
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.15
    •  
  • 2549 Banora Point Drive Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,388 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,388 Sqft ∙ Built 1995
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.08
    •  
  • 11029 Hawk Valley Avenue Las Vegas, NV 3
    • 2 beds 1 baths ∙ 1,402 Sqft ∙ Built 1996 2 beds 1 baths ∙ 1,402 Sqft ∙ Built 1996
    property image
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.09
    •  
  • 2828 Faiss Drive Las Vegas, NV 5
    • 2 beds 1 baths ∙ 1,533 Sqft ∙ Built 1995 2 beds 1 baths ∙ 1,533 Sqft ∙ Built 1995
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.04
    •  
PROPERTY LISTING DETAILS
Elizabeth A Moreau
1.702.497.9952
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247152
Last Updated: 11/13/2020
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