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11709 Intervale Road 
Las Vegas, NV
89135
4 Beds 2 Baths 3,146 sqft
Built 2007
INVESTimate
$565,000
List Price
$155,475
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PROPERTY INFO
FACTS
- Built In 2007
- Price/Sqft : $179.59
- 4 Days on Market
- MLS # : 2224195
- Updated Date : 08/25/2020 at 00:20
CONSTRUCTION
- Beds : 4
- Floor Size : 3,146 sqft
- Baths : 2 full
Listing Agent
United Realty Group
Listing Agent's Description
FANTASTIC HOME AT GATED COMMUNITY IN SUMMERLIN! THIS GORGEOUS HOME HAS 4 BEDROOMS WITH ONE BEDROOM DOWNSTAIRS & 3/4 BATHROOM. KITCHEN FEATURES GRANITE COUNTERS, LARGE ISLAND, DOUBLE BUILT-IN OVENS, SPACIOUS FAMILY ROOM WITH GAS FIREPLACE. HUGE UPSTAIRS LOFT IS PERFECT FOR MEDIA ROOM/ GAME ROOM/ PLAYROOM. MASTER SUITE HAS SITTING ROOM & BALCONY. PERFECT BACKYARD WITH BUILT IN BBQ, FRIDGE, FIRE PIT WITH SITTING AREAS, GREAT SPACE FOR OUTDOOR ACTIVITIES. ALLERTON PARK COMMUNITY INCLUDES COMMUNITY POOL, SPA, PARK & PLAYGROUND. LOCATED NEAR DOWNTOWN SUMMERLIN SHOPPING & DINING!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Summerlin Centre
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Summerlin Centre
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,530 |
| EXPENSES | Loan Payment | -$2,085 |
| Property Tax | -$401 | |
| Property Insurance | -$88 | |
| HOA | -$303 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$465
|
||
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.
$565,000
PROJECTED PRICE
$2,530
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 7.98% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$155,475
LOAN DETAILS
$2,085
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $141,250 |
| Loan Amount | $423,750 |
1.58
YEARS SAVED
$6,599
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,530
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,572
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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11709 Intervale Road Las Vegas, NV 3
- 4 beds 2 baths ∙ 3,146 Sqft ∙ Built 2007 4 beds 2 baths ∙ 3,146 Sqft ∙ Built 2007
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- Rent Per SQFT
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- $0.80
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- $2,500
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- 5 beds 3 baths ∙ 3,146 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,146 Sqft ∙ Built 2007
LEASED 12/11/19- Rent
- Rent Per SQFT
- $2,600
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1244 Jamesbury Road Las Vegas, NV 5
- 4 beds 2 baths ∙ 3,145 Sqft ∙ Built 2006 4 beds 2 baths ∙ 3,145 Sqft ∙ Built 2006
LEASED 04/11/20- Rent
- Rent Per SQFT
- $2,700
- $0.86
PROPERTY LISTING DETAILS
1.702.604.6646
United Realty Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224195
Last Updated: 08/25/2020
