Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11120 Arbor Pine Avenue Las Vegas, NV 89144

3 Beds 3 Baths 2,615 sqft Built 2000

$675,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $258.13
  • 9 Days on Market
  • MLS # : 2268264
  • Updated Date : 02/12/2021 at 22:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,615 sqft
  • Baths : 2 full , 1 half
Listing Agent

Vegas One Realty

Listing Agent's Description

Location, location, location! Check out this rare Summerlin gem! Gated single story on a .25 acre corner lot nestled in the highly sought after Arbors Village. Home features luxury vinyl floor through out, granite counters, tile backsplash, roll out's in kitchen cabinets, shutters, sink in laundry room, walk in closets in guest bedrooms, custom master closet built in's, generously sized office/den with built in's, open floorplan, fireplace, 3 car garage, resort like pool, house backs up to community park for ultimate privacy, and so much more!

SEE MORE

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: The Arbors

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: The Arbors

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
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
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,345
Property Tax -$431
Property Insurance -$78
Property Management Fees -$119
CASH FLOW
-$153

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.

$675,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.0%
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

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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$31,656

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,334

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,075
1$2,0752$2,2003$2,2504$2,4775$2,820
$2,820
RENT COMPS ANALYSIS
  • 11120 Arbor Pine Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,615 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,615 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $1.08
    •  
  • 1317 Woodmore Street Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 1999
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.84
    •  
  • 420 Copper Valley Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,674 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,674 Sqft ∙ Built 2000
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 11165 Shadow Nook Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 1999
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.97
    •  
  • 10804 Palatine Court Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,631 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,631 Sqft ∙ Built 1999
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,477
    • $0.94
    •  
PROPERTY LISTING DETAILS
Maryann A Dingman
1.702.813.2961
Vegas One Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268264
Last Updated: 02/12/2021
BESbswy