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11011 Calcedonian Street Las Vegas, NV 89141

3 Beds 3 Baths 2,162 sqft Built 2003

$379,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $175.30
  • 4 Days on Market
  • MLS # : 2267793
  • Updated Date : 02/05/2021 at 18:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,162 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

IMMACULATE AND LOVELY, CUL-DE-SAC HOME IN GUARD GATED ROYAL HIGHLANDS COMMUNITY OF SOUTHERN HIGHLANDS*3 BR'S, 2.5 BATHS*VAULTED CEILINGS, FORMAL LIV. ROOM WITH FIREPLACE*FORMAL DINING*TILE IN WALKWAYS DOWNSTAIRS AND ALL WET AREAS*CHEF'S KIT WITH ISLAND AND GRANITE COUNTERS, REFRIG INCLUDED*GENEROUS OWNER'S SUITE WITH TWO W/I CLOSETS, CEILING FAN, DUAL SINKS IN OWNER'S BATH*SEP. TUB & SHOWER*BR 2 WITH CEILING FAN AND W/I CLOSET*LOFT WITH CEILING FAN AND CLOSET COULD EASILY BE CONVERTED TO A 4TH BEDROOM*PLANTATION SHUTTERS THROUGHOUT*WASHER & DRYER INCLUDED*SOLAR SCREENS ON MOST WINDOWS*REAR PAVER PATIO AND SPACIOUS, POOL SIZE, EASY CARE YARD*COMMUNITY CONVENIENT TO SHOPPING, FREEWAYS, PARKS AND WALKING TRAILS***WELCOME HOME***

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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: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k410k

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

Neighborhood: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Evelyn Stuckey Elementary School Primary Regular 949 46 8
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Evelyn Stuckey Elementary School

  • Education Level: Primary
  • # of students: 949
  • # of teachers: 46
8
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
 

$341,100$416,900$379,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,316
Property Tax -$238
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
$88

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.

$379,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
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$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,316

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$33,506

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,832

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,805
1$1,8052$1,8303$1,8954$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 11011 Calcedonian Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,162 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,162 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.85
    •  
  • 10972 Ladyburn Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,162 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,162 Sqft ∙ Built 2006
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,805
    • $0.83
    •  
  • 10990 Calcedonian Street Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 2003
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.81
    •  
  • 11026 Calcedonian Street Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,162 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,162 Sqft ∙ Built 2003
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 10911 Dornoch Castle Street #n/a Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 2005
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
PROPERTY LISTING DETAILS
Wanda W Mullen
1.702.460.3672
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2267793
Last Updated: 02/05/2021
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