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11328 San Arezzo Place Las Vegas, NV 89141

5 Beds 6 Baths 4,617 sqft Built 2020

$981,465

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $212.58
  • 8 Days on Market
  • MLS # : 2241985
  • Updated Date : 10/27/2020 at 18:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,617 sqft
  • Baths : 5 full , 1 half
Listing Agent

Southern Highlands Realty Corp

Listing Agent's Description

Gorgeous Two Story Luxury Residences with 5 bed, 5 1/2 bath, 3-car garage. Beautiful Entry Foyer with Modern Staircase Railings, Large open Great Room with 15' multi-slider pocket door, fireplace and bar area. Gourmet kitchen is complete with oversized Granite center island and countertops with extensive seating area, Bosch Stainless Steel Appl, Upgraded Cabinetry, Dramatic High Ceilings w/ Coffered Ceilings, all Guest Suites has their own Bath & Walk-In Closets, Covered Balcony off the 2nd bedroom upstairs. Pavers at Covered Loggia, Driveways & Walkways. This Home is Ready to Move-In!

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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

Neighborhood: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k410k

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

Neighborhood: Southern Highlands

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
Evelyn Stuckey Elementary School Primary Regular 949 46 8
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Evelyn Stuckey Elementary School

  • Education Level: Primary
  • # of students: 949
  • # of teachers: 46
8
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$883,319$1,079,612$981,465

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$3,621
Property Tax -$615
Property Insurance -$117
Property Management Fees -$119
CASH FLOW
-$1,812

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$981,465

PROJECTED PRICE

$2,660

PROJECTED RENT

0.27%

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) 3.00%
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$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$262,088

INVESTMENT

$262,088

Down Payment
$245,366
Rehab Estimate
$2,000
Closing Costs
$14,722

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,621

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $245,366
Loan Amount $736,099
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$95

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $3,451

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,660
1$2,6602$3,0003$3,1004$3,4995$3,500
$3,500
RENT COMPS ANALYSIS
  • 11328 San Arezzo Place Las Vegas, NV 1
    • 5 beds 6 baths ∙ 4,617 Sqft ∙ Built 2020 5 beds 6 baths ∙ 4,617 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $0.58
    •  
  • 5270 San Milano Avenue Las Vegas, NV 2
    • 5 beds 5 baths ∙ 4,387 Sqft ∙ Built 2004 5 beds 5 baths ∙ 4,387 Sqft ∙ Built 2004
    property image
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.68
    •  
  • 5147 Villa Vecchio Court Las Vegas, NV 3
    • 5 beds 5 baths ∙ 4,387 Sqft ∙ Built 2004 5 beds 5 baths ∙ 4,387 Sqft ∙ Built 2004
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.71
    •  
  • 10628 Porta Romana Court #n/a Las Vegas, NV 4
    • 6 beds 5 baths ∙ 4,364 Sqft ∙ Built 2003 6 beds 5 baths ∙ 4,364 Sqft ∙ Built 2003
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,499
    • $0.80
    •  
  • 5209 Villa Dante Avenue Las Vegas, NV 5
    • 5 beds 5 baths ∙ 4,364 Sqft ∙ Built 2004 5 beds 5 baths ∙ 4,364 Sqft ∙ Built 2004
    property image
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.80
    •  
PROPERTY LISTING DETAILS
Mitchell C Mcclellan
1.702.616.2500
Southern Highlands Realty Corp
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2241985
Last Updated: 10/27/2020
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