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11208 Shadow Nook Court Las Vegas, NV 89144

4 Beds 1 Baths 1,833 sqft Built 1999

$450,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $245.50
  • 5 Days on Market
  • MLS # : 2247654
  • Updated Date : 11/11/2020 at 18:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,833 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Realty Southwe

Listing Agent's Description

Fantastic house tastefully appointed located in very desirable Summerlin in all single story community* Easy flowing floorplan with open living area and kitchen with custom cabinetry, lighted roll out shelving in cabinets, breakfast bar and nook eating area, large pantry and lovely view of the rear yard* Primary bedroom is spacious and has large walk in closet and primary bathroom includes oversized tub and separate shower* Secondary bedrooms are separate from the primary bedroom* Lovely rear yard with covered patio and tiered landscaped area with bushes and shrubs, solar lighting on side yard, resurfaced concrete patio* Extras include 3 year new furnace and AC, 5 year new (75 gallon) oversized water heater, security gate at front entry, solar screens on windows, 3 car tandem garage*

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

Neighborhood: Dell Cliffs Court

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k485k

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

Neighborhood: Dell Cliffs Court

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10762245

* 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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,660
Property Tax -$295
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
-$357

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.

$450,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.5%
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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$7,886

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,810

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,6954$1,7505$1,780
$1,780
RENT COMPS ANALYSIS
  • 11208 Shadow Nook Court Las Vegas, NV 5
    • 4 beds 1 baths ∙ 1,833 Sqft ∙ Built 1999 4 beds 1 baths ∙ 1,833 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.97
    •  
  • 712 Bernini Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 2001
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.99
    •  
  • 1217 Anime Drive Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1999
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
  • 805 Bernini Street Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,705 Sqft ∙ Built 2001
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.99
    •  
  • 524 Bernini Street Las Vegas, NV 4
    • 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,705 Sqft ∙ Built 2001
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
PROPERTY LISTING DETAILS
David A Brownell
1.702.220.9696
Keller Williams Realty Southwe
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247654
Last Updated: 11/11/2020
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