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11111 Luna Blanca Drive Las Vegas, NV 89138

3 Beds 3 Baths 3,451 sqft Built 2018

$1,199,000

List Price

$3,800

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $347.44
  • 2 Days on Market
  • MLS # : 2260576
  • Updated Date : 01/10/2021 at 01:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,451 sqft
  • Baths : 2 full , 1 half
Listing Agent

Huntington & Ellis, A Real Est

Listing Agent's Description

Luxurious single story in the Guard Gated community of Reverence! This stunning Royalty floorplan is an entertainers dream! Enjoy open concept living with soaring 12 ft ceilings, Plank Floors, Hunter Douglas Blinds, Double Stacked Urban Effects Cabinetry, an Enormous Island with Full-Height Backsplashes accompanied by a 48" Refrigerator, Double Ovens, and Gas Cooktop. Custom Stone Work, Mill/Trim Work has been meticulously done throughout the home. Owners Retreat has Floating Vanities, Free-Standing Tub, Two Sided Walk-in Shower and private access to the Backyard Spa, Outdoor Bar and Firepit area. Enjoy wrap around Laundry Cabinets with Beverage Center, perfect for overflow storage. Large Game Room can be used as a Flex Space, Next Gen Option, and/or Movie Room. If you're working from home, enjoy a spacious Den overlooking the front Courtyard and Mountain Views. Homeowners have access to a state of the art clubhouse w/full scale amenities. Truly breathtaking home, you must see it!

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

Zip Code: 89138

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k476k

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

Zip Code: 89138

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10762575

* 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
William Lummis Elementary School Primary Regular 555 27 7
Ernest Becker Middle School Middle Regular 1,392 56 NA
Palo Verde High School High Regular 3,024 114 9

William Lummis Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 27
7
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Palo Verde High School

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

$1,079,100$1,318,900$1,199,000

PURCHASE PRICE

$3,420$4,180$3,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,800
EXPENSES Loan Payment -$4,165
Property Tax -$860
Property Insurance -$94
Property Management Fees -$119
CASH FLOW
-$1,437

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.

$1,199,000

PROJECTED PRICE

$3,800

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.1%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,485

INVESTMENT

$323,485

Down Payment
$299,750
Rehab Estimate
$5,750
Closing Costs
$17,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,165

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $299,750
Loan Amount $899,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,355

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,800

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,669

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,8753$2,9004$3,800
$3,800
RENT COMPS ANALYSIS
  • 11111 Luna Blanca Drive Las Vegas, NV 4
    • 3 beds 3 baths ∙ 3,451 Sqft ∙ Built 2018 3 beds 3 baths ∙ 3,451 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.10
    •  
  • 3205 Bishop Pine Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 3,683 Sqft ∙ Built 1999 3 beds 3 baths ∙ 3,683 Sqft ∙ Built 1999
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.72
    •  
  • 10777 Marathon Bell Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,575 Sqft ∙ Built 2019 4 beds 3 baths ∙ 3,575 Sqft ∙ Built 2019
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $0.80
    •  
  • 10432 Holloway Heights Avenue Las Vegas, NV 3
    • 4 beds 2 baths ∙ 3,610 Sqft ∙ Built 2003 4 beds 2 baths ∙ 3,610 Sqft ∙ Built 2003
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.80
    •  
PROPERTY LISTING DETAILS
Darren Pohl
1.702.757.8369
Huntington & Ellis, A Real Est
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260576
Last Updated: 01/10/2021
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