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11012 Cliff Swallow Avenue Las Vegas, NV 89144

4 Beds 3 Baths 3,151 sqft Built 2001

$699,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

$190,985

Investment Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $221.83
  • 2 Days on Market
  • MLS # : 2269190
  • Updated Date : 02/20/2021 at 20:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,151 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

OVERSIZED CORNER POOL-SIZED LOT (ALMOST 1/4 ACRE) W/MATURE PALM TREES IN GATED SUMMERLIN SUBDIV *GORGEOUS FEATURES THRUOUT INCL KNOTTED MAPLE KITCHEN CABINETS, DOWNSTAIRS MASTER BED WITH CUSTOM HARDWOOD CLOSET BUILTINS *MASTER BATH HAS VERSAILLES TRAVARTINE FLOOR & TILE SHOWER *FAMILY RM BUILTIN ENT UNIT W/SLATE & ANTIQUE BRASS *DINING ROOM BASE HARDWOOD CABINET *4 1/2" SHUTTERS THRUOUT *NEWER DISHWASHER & NEW WATER HEATER * R/O SYSTEM * AUTO EXTERIOR LIGHTS * CEILING FANS THRUOUT * BUILTIN BBQ AND OUTDOOR REFRIG * UPSTAIRS OPEN LOFT *WALK IN CLOSETS * 2 TONE PAINT THRUOUT *POOL RENDERINGS ARE AVAILABLE * IMMACULATE * A MUST SEE *

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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: Quail Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $119k636k

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

Neighborhood: Quail Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10762686

* 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
Ethel W. Staton Elementary School Primary Regular 880 45 9
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Ethel W. Staton Elementary School

  • Education Level: Primary
  • # of students: 880
  • # of teachers: 45
9
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

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

FINANCIALS

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$629,100$768,900$699,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,428
Property Tax -$391
Property Insurance -$88
Property Management Fees -$119
CASH FLOW
-$386

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.

$699,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 4.0%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment		 $174,750
Rehab Estimate		 $5,750
Closing Costs		 $10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$17,114

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT

  • $0.84

    LIST RENT PER SQFT

  • $2,883

    COMP ESTIMATED VALUE

  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6403$2,8954$3,0355$3,125
$3,125
RENT COMPS ANALYSIS
  • 11012 Cliff Swallow Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,151 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,151 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $0.84
    •  
  • 608 Silver Grove Street Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,101 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,101 Sqft ∙ Built 1999
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
  • 10920 Summer Quail Avenue #na Las Vegas, NV 3
    • 4 beds 2 baths ∙ 3,151 Sqft ∙ Built 2001 4 beds 2 baths ∙ 3,151 Sqft ∙ Built 2001
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.92
    •  
  • 11016 Desert Dove Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,151 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,151 Sqft ∙ Built 2000
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,035
    • $0.96
    •  
  • 376 Santa Candida Street Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,332 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,332 Sqft ∙ Built 2003
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,125
    • $0.94
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Julie H Austin
1.702.610.9594
Realty One Group, Inc
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269190
Last Updated: 02/20/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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