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11786 Weybrook Park Drive Las Vegas, NV 89141

3 Beds 3 Baths 2,172 sqft Built 2005

$799,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $367.86
  • 5 Days on Market
  • MLS # : 2259738
  • Updated Date : 01/08/2021 at 22:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,172 sqft
  • Baths : 2 full , 1 half
Listing Agent

Southern Highlands Realty Corp

Listing Agent's Description

Exquisite Fully Furnished Christopher Villa with open floor plan located in the guard gated community of Southern Highlands Golf Club with 24hr Roving Security. Designed to perfection this single-story home features a Charming Front Courtyard, Open Living and Dining with Wet Bar, Gourmet Kitchen includes Custom Maple Cabinetry, Granite Countertops and Stainless Steel Appliances, Spacious Master Bedroom, Travertine Flooring and French Doors throughout. Large Serene Backyard with Covered Patio and Sitting Area.

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: 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
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,775
Property Tax -$425
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
-$989

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.

$799,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.30%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,775

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$894

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,955

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,8004$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 11786 Weybrook Park Drive Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,172 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,172 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.10
    •  
  • 11208 Pierre Milano Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,047 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,047 Sqft ∙ Built 2007
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
  • 3116 Majella Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,047 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,047 Sqft ∙ Built 2008
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.85
    •  
  • 11289 Victoria Medici Street Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,047 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,047 Sqft ∙ Built 2007
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.88
    •  
  • 11485 Storici Street Las Vegas, NV 4
    • 3 beds 1 baths ∙ 2,300 Sqft ∙ Built 2005 3 beds 1 baths ∙ 2,300 Sqft ∙ Built 2005
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.04
    •  
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 #: 2259738
Last Updated: 01/08/2021
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