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11238 Almador Vista Court Las Vegas, NV 89135

3 Beds 3 Baths 1,749 sqft Built 2010

$425,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $243.00
  • 3 Days on Market
  • MLS # : 2273682
  • Updated Date : 03/06/2021 at 15:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,749 sqft
  • Baths : 2 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

This beautiful Summerlin home has it all! Location in a great neighborhood ~ Walking distance to Downtown Summerlin, close to Red Rock Hotel, Aviators baseball stadium, Golden Knights hockey practice facility and of course Red Rock for hiking and biking! An efficient Pulte Smart Home ~ Built-in solar panels will save you money in electric ~ Tankless water heater ~ Gated front courtyard entrance ~ Paved driveway, walkway and courtyard ~ Two bedrooms & one full bath downstairs, one has access to the backyard ~ Laundry room downstairs with cabinets and sink & sale includes washer & dryer ~ Curved staircase leads to the open floorpan, Kitchen has granite countertops, stacked stone on the island, backsplash & dining room wall ~ Laminate and tile flooring in all the living areas ~ Large master bedroom upstairs ~ Dual sinks & a beautiful walk in shower in the Master bathroom ~ Community pool, spa, tennis courts, playground, park!

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: Summerlin Centre

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k380k

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

Neighborhood: Summerlin Centre

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10762040

* 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
Judy And John Goolsby Elementary School Primary Regular 807 42 10
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Judy And John Goolsby Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 42
10
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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,476
Property Tax -$265
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
$79

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.

$425,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.47%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$35,828

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,810

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8003$1,8504$1,8955$2,000
$2,000
RENT COMPS ANALYSIS
  • 11238 Almador Vista Court Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,749 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,749 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.14
    •  
  • 11389 Ogden Mills Drive #103 Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,603 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,603 Sqft ∙ Built 2013
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.06
    •  
  • 2025 Ardilea Street Las Vegas, NV 2
    • 3 beds 4 baths ∙ 1,846 Sqft ∙ Built 2009 3 beds 4 baths ∙ 1,846 Sqft ∙ Built 2009
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
  • 1951 Granemore Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,791 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,791 Sqft ∙ Built 2007
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
  • 1861 Ardilea Street #na Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,769 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,769 Sqft ∙ Built 2007
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.07
    •  
PROPERTY LISTING DETAILS
Gloria M Goodman
1.702.249.4606
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2273682
Last Updated: 03/06/2021
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