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11052 Hunting Hawk Road Las Vegas, NV 89179

4 Beds 3 Baths 3,097 sqft Built 2013

$459,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $148.21
  • 5 Days on Market
  • MLS # : 2242746
  • Updated Date : 11/06/2020 at 09:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,097 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Market Place

Listing Agent's Description

Pride of Ownership! Open Spacious Floor Plan! Formal Dining Room! Kitchen Offers Granite Counters & Backsplash, Center Island with Sink & Dishwasher, Breakfast Bar, Breakfast Nook, Stainless Steel Appliances, Double Oven, Cooktop and Large Walk-In Pantry; Living Room Adjacent to Kitchen with Gas Fireplace & Ceiling Fan; Beautiful Decorative Iron Staircase; Huge Loft Upstairs with Ceiling Fan; Oversized Bedrooms; Access Balcony From Primary Bedroom; Upstairs Laundry Room; Covered Patio; Easy-Care Landscaping; Located in Prestigious Mountain's Edge with Parks, Playgrounds and Walking & Jogging Trials; Close to Shopping, Entertainment and Dining.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$413,100$504,900$459,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,694
Property Tax -$353
Property Insurance -$87
Property Management Fees -$119
CASH FLOW
-$283

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.

$459,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.43%

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-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,694

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$12,073

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,013

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,865
1$1,8652$1,9703$1,9954$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 11052 Hunting Hawk Road Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 2013 4 beds 3 baths ∙ 3,097 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.64
    •  
  • 11213 Aurora Cove Court Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,028 Sqft ∙ Built 2008 5 beds 3 baths ∙ 3,028 Sqft ∙ Built 2008
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $0.62
    •  
  • 7177 Los Banderos Avenue #0 Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,081 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,081 Sqft ∙ Built 2007
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.65
    •  
  • 10959 Hunting Hawk Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,046 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,046 Sqft ∙ Built 2015
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.66
    •  
  • 7743 Windy Meadow Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 3,145 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,145 Sqft ∙ Built 2006
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.67
    •  
PROPERTY LISTING DETAILS
Leah Seguin
1.702.581.1075
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2242746
Last Updated: 11/06/2020
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