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11181 Luna Blanca Drive Las Vegas, NV 89138

5 Beds 4 Baths 3,949 sqft Built 2018

$1,490,000

List Price

$4,810

$4.6K - $5.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $377.31
  • 5 Days on Market
  • MLS # : 2272635
  • Updated Date : 02/26/2021 at 18:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,949 sqft
  • Baths : 3 full , 1 half
Listing Agent

Heidel Realty

Listing Agent's Description

AWARD-WINNING COMMUNITY OF REVERENCE IN SUMMERLIN! This popular Kingsgate single story home sits on a corner lot in the guard-gated neighborhood. Sellers spared no expense in upgrading the home! Water resistant wood-like flooring throughout, plantation shutters, wet bar, gorgeous stone accent wall with modern gas fireplace, retractable door in the great room. Huge executive kitchen boasts a farm house sink, stainless steel appliances, and big island with breakfast bar. The large backyard features a sparkling pool and relaxing spa, fire pit, paver patio, mountain views, and more! Incredible master bedroom suite has a separate sitting room. The master bath features a free-standing soak-in tub, double sinks, vanity, and walk-in shower. Come see this amazing property today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$1,341,000$1,639,000$1,490,000

PURCHASE PRICE

$4,329$5,291$4,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,810
EXPENSES Loan Payment -$5,175
Property Tax -$1,044
Property Insurance -$104
Property Management Fees -$119
CASH FLOW
-$1,632

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.

$1,490,000

PROJECTED PRICE

$4,810

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$1.0M$2.0M$3.0M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$400,600

INVESTMENT

$400,600

Down Payment
$372,500
Rehab Estimate
$5,750
Closing Costs
$22,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$5,175

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $372,500
Loan Amount $1,117,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$3,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,810

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $2,893

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8003$2,8504$2,9005$4,810
$4,810
RENT COMPS ANALYSIS
  • 11181 Luna Blanca Drive Las Vegas, NV 5
    • 5 beds 4 baths ∙ 3,949 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,949 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $4,810
    • $1.22
    •  
  • 3316 Lacebark Pine Street #none Las Vegas, NV 1
    • 4 beds 4 baths ∙ 3,683 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,683 Sqft ∙ Built 2001
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.71
    •  
  • 10385 Pilot Mountain Court Las Vegas, NV 2
    • 5 beds 3 baths ∙ 4,036 Sqft ∙ Built 2003 5 beds 3 baths ∙ 4,036 Sqft ∙ Built 2003
    LEASED 02/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.69
    •  
  • 3217 Bishop Pine Street Las Vegas, NV 3
    • 6 beds 3 baths ∙ 3,895 Sqft ∙ Built 2001 6 beds 3 baths ∙ 3,895 Sqft ∙ Built 2001
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.73
    •  
  • 10432 Holloway Heights Avenue Las Vegas, NV 4
    • 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
Tamara Heidel
1.702.820.2200
Heidel Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2272635
Last Updated: 02/26/2021
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