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11079 Kilkerran Court Las Vegas, NV 89141

4 Beds 3 Baths 3,651 sqft Built 2004

$699,990

List Price

$3,230

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $191.73
  • 6 Days on Market
  • MLS # : 2254584
  • Updated Date : 12/10/2020 at 02:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,651 sqft
  • Baths : 2 full , 1 half
Listing Agent

One Realty

Listing Agent's Description

Stunning Single Story w/basement| 3651 sqft.| 3-4 bedrooms one is converted to office | 3 Bath | 3 Car Garage with swamp cooler | Resort Style Pool and Spa |Guard Gated | Stainless Steel appliances | Chef Kitchen | Covered Patio | Central Vac | Lush Landscape | Very Private Property. Do not miss out on this property.

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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: 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
 

$629,991$769,989$699,990

PURCHASE PRICE

$2,907$3,553$3,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,230
EXPENSES Loan Payment -$2,583
Property Tax -$451
Property Insurance -$98
Property Management Fees -$119
CASH FLOW
-$20

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.

$699,990

PROJECTED PRICE

$3,230

PROJECTED RENT

0.46%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,247

INVESTMENT

$191,247

Down Payment
$174,998
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,998
Loan Amount $524,993
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$54,443

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,230

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $3,298

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$3,1003$3,2304$3,500
$3,500
RENT COMPS ANALYSIS
  • 11079 Kilkerran Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,651 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,651 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,230
    • $0.88
    •  
  • 11210 Ethan Brook Street Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,338 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,338 Sqft ∙ Built 2007
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.88
    •  
  • 164 Glenbrook Estates Drive Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,648 Sqft ∙ Built 2010 5 beds 4 baths ∙ 3,648 Sqft ∙ Built 2010
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.85
    •  
  • 11562 Capanna Rosso Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,589 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,589 Sqft ∙ Built 2004
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.98
    •  
PROPERTY LISTING DETAILS
Robert M Van
1.702.278.8738
One Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2254584
Last Updated: 12/10/2020
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