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11295 Winter Cottage Place Las Vegas, NV 89135

4 Beds 3 Baths 3,601 sqft Built 2000

$1,380,000

List Price

$3,910

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $383.23
  • 3 Days on Market
  • MLS # : 2263436
  • Updated Date : 01/23/2021 at 02:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,601 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Gorgeous Golf, Lake & Mountain views-10th hole-RED ROCK CC! Enter into 2-story Foyer w 2-story Formal LR and attached DR opening to/overlooking pool & views. Upgraded kitchen features center island bkfst bar, custom quartzite stone cntrs, pro SS applncs, tile backsplash, pot filler, walk-in pantry & breakfast nook overlooking courtyard. Large FR w fireplace & wet bar off kitchen w large serving bar into DR. DOWNSTAIRS BEDROOM has WI closet & bath w separate courtyard entrance. Eye-catching staircase w sculpted wrought iron banister leads to circular loft, laundry w dbl washers/dryers & utility sink, 2 add'l secondary ensuite BRs and Master Bedroom Suite w fireplace and large balcony overlooking pool & views. Master Bath features dual sink/vanities, separate tiled shower and separate deep soak tub. Concrete & wood floors. Relaxing backyard has covered patio, saltwater pool/spa/waterfall, NEW landscaping, NEW WiFi landscape and pool pump/heater systems, NEW ACs and did we mention VIEWS!

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: Red Rock Country Club at Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $119k1065k

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

Neighborhood: Red Rock Country Club at Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10764918

* 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
Victoria Fertitta Middle School Middle Regular 1,472 60 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

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Palo Verde High School

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

$1,242,000$1,518,000$1,380,000

PURCHASE PRICE

$3,519$4,301$3,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,910
EXPENSES Loan Payment -$4,793
Property Tax -$756
Property Insurance -$97
Property Management Fees -$119
CASH FLOW
-$1,855

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.

$1,380,000

PROJECTED PRICE

$3,910

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.75%
Appreciation Year (1-5) 4.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.56%
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-$30k-$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$371,450

INVESTMENT

$371,450

Down Payment
$345,000
Rehab Estimate
$5,750
Closing Costs
$20,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,793

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $345,000
Loan Amount $1,035,000
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$991

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,910

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,836

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,538
1$2,5382$2,8003$2,9004$3,4955$3,910
$3,910
RENT COMPS ANALYSIS
  • 11295 Winter Cottage Place Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,601 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,601 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,910
    • $1.09
    •  
  • 11012 Clemmons Court Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,723 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,723 Sqft ∙ Built 2002
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,538
    • $0.68
    •  
  • 11007 Turlington Lane Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,723 Sqft ∙ Built 2002 5 beds 2 baths ∙ 3,723 Sqft ∙ Built 2002
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.75
    •  
  • 11041 Onslow Court Las Vegas, NV 3
    • 5 beds 2 baths ∙ 3,723 Sqft ∙ Built 2001 5 beds 2 baths ∙ 3,723 Sqft ∙ Built 2001
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.78
    •  
  • 3066 Lenoir Street Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,723 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,723 Sqft ∙ Built 2001
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.94
    •  
PROPERTY LISTING DETAILS
Avichai Dan Goor
1.702.497.3815
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263436
Last Updated: 01/23/2021
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