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11928 White Lilly Street Las Vegas, NV 89183

2 Beds 3 Baths 1,294 sqft Built 2005

$262,500

List Price

$1,350

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $202.86
  • 2 Days on Market
  • MLS # : 2260524
  • Updated Date : 01/09/2021 at 19:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,294 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Honey Stop Searching! Freshly painted exterior 2 bedroom plus a large loft. Enter the home to a bright lit open floor plan. The living room features beautiful wood like flooring. Spacious kitchen with all black appliances to stay, tile floors, recessed lighting and back yard access through sliding glass door. Backyard features a patio area with a lot of entertaining space. Carpeted and white painted banister stairways lead you to the large loft. Laundry room located up stairs with washer & dryer to stay. Guest bedroom upstairs. 2nd guest full bath near guest bedroom and loft area. Spacious primary bedroom with private full bath and 2 closet door access. You do not want to miss this one! Schedule a showing today!

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: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Steve Schorr Elementary School Primary Regular 1,042 54 7
Del E Webb Middle School Middle Regular 1,863 74 NA
Liberty High School High Regular 2,496 105 5

Steve Schorr Elementary School

  • Education Level: Primary
  • # of students: 1,042
  • # of teachers: 54
7
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$236,250$288,750$262,500

PURCHASE PRICE

$1,215$1,485$1,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,350
EXPENSES Loan Payment -$912
Property Tax -$165
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
$102

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.

$262,500

PROJECTED PRICE

$1,350

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,313

INVESTMENT

$75,313

Down Payment
$65,625
Rehab Estimate
$5,750
Closing Costs
$3,938

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$912

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,625
Loan Amount $196,875
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$27,090

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,350

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,346

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3003$1,3504$1,3955$1,395
$1,395
RENT COMPS ANALYSIS
  • 11928 White Lilly Street Las Vegas, NV 3
    • 2 beds 3 baths ∙ 1,294 Sqft ∙ Built 2005 2 beds 3 baths ∙ 1,294 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.04
    •  
  • 11913 Jersey Lilly Street Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,294 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,294 Sqft ∙ Built 2005
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.00
    •  
  • 106 Health Aster Court #na Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,294 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,294 Sqft ∙ Built 2004
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.00
    •  
  • 146 Trumphet Lilly Avenue Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,294 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,294 Sqft ∙ Built 2004
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.08
    •  
  • 106 Temple Bells Court Las Vegas, NV 5
    • 2 beds 3 baths ∙ 1,294 Sqft ∙ Built 2004 2 beds 3 baths ∙ 1,294 Sqft ∙ Built 2004
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.08
    •  
PROPERTY LISTING DETAILS
Brenda J Wynn
1.702.575.5215
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260524
Last Updated: 01/09/2021
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