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10929 Hooper Bay Street Las Vegas, NV 89179

3 Beds 3 Baths 2,043 sqft Built 2016

$365,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $178.66
  • 5 Days on Market
  • MLS # : 2261534
  • Updated Date : 01/15/2021 at 18:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,043 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Market Place

Listing Agent's Description

*AMAZING HOME WITH TONS OF UPGRADES IN WELL DESIRED AREA*2 CAR GARAGE*BEAUTIFUL LOW MAINTENANCE DESERT LANDSCAPING*TILE FLOORING THROUGHOUT*OPEN FLOORPLAN WITH TONS OF NATURAL LIGHTING*LARGE OPEN LIVING ROOM WITH CEILING FAN*KITCHEN/DINING ROOM COMBO WITH RECESSED LIGHTING, BREAKFAST BAR/EATING NOOK, GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES, PANTRY, AND TONS OF CABINET STORAGE*HALF BATH DOWNSTAIRS*LARGE MASTER BEDROOM WITH CEILING FAN, LARGE MASTER CLOSET*MASTER BATH WITH DOUBLE SINKS AND SHOWER ONLY*RAISED VANITY COUNTERTOPS*UPSTAIRS LOFT FOR ENTERTAINMENT*CUSTOM LANDSCAPING IN SIDE YARD WITH PAVERS, GRASS AND ROCKS IN PLANTER*3 ZONE CONTROLS FOR A/C*ENERGY EFFICIENT WINDOWS*TANKLESS WATER HEATER*SIDE YARD IS PET FRINEDLY WITH REAL GRASS*2 ZONE WATERING SYSTEM FOR PLANTS & GRASS*EXTRA STORAGE UNDER STAIRS*HOME IS LOCATED NEAR SHOPPING AND DINING*

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: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10391875

* 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
Carolyn Reedom Elementary School Primary Regular 1,097 58 6
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Carolyn Reedom Elementary School

  • Education Level: Primary
  • # of students: 1,097
  • # of teachers: 58
6
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,268
Property Tax -$254
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
$153

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.

$365,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$38,575

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,885

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6993$1,8604$1,9655$1,995
$1,995
RENT COMPS ANALYSIS
  • 10929 Hooper Bay Street Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.91
    •  
  • 7373 Palo Real Las Vegas, NV 1
    • 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 2012
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 7198 Kiowa Peak Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,891 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,891 Sqft ∙ Built 2008
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.90
    •  
  • 11036 Camden Bay Street Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2016
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,965
    • $0.96
    •  
  • 10939 Camden Bay Street Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,043 Sqft ∙ Built 2017
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.98
    •  
PROPERTY LISTING DETAILS
Richard J Brenkus
1.702.456.5959
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261534
Last Updated: 01/15/2021
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