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12106 High Country Lane Las Vegas, NV 89138

4 Beds 2 Baths 3,221 sqft Built 2012

$800,000

List Price

$3,570

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $248.37
  • 3 Days on Market
  • MLS # : 2256115
  • Updated Date : 12/18/2020 at 15:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,221 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Vip

Listing Agent's Description

Welcome to PASEO's Village in Summerlin, "Andalusia" GATE, is one of the Higher Elevations in the Valley w/ Red Rock Mountain VIEWS. Back Yard becomes a Private retreat for Entertainment & Relaxation. This home features a lot of SPACE. Tucked in the corner of the neighborhood gives privacy to enjoy the expansive outdoor oasis featuring a Pool with Slide, Hot Tub, Full length COVERED Patio, Grotto and Fire Features all wrapped with Lush Landscaping. Living and dining areas are open for entertaining and butlers pantry for parties. Downstairs bedroom and 3/4 bath are highly desirable as a guest suite. Don't miss this!

SEE MORE

MARKET HIGHLIGHTS

  • 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: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $119k545k

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

Neighborhood: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10763057

* 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
Billy And Rosemary Vassiliadis Elementary School Primary Unknown NA
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Billy And Rosemary Vassiliadis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

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

$720,000$880,000$800,000

PURCHASE PRICE

$3,213$3,927$3,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,570
EXPENSES Loan Payment -$2,952
Property Tax -$608
Property Insurance -$90
Property Management Fees -$119
CASH FLOW
-$198

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.

$800,000

PROJECTED PRICE

$3,570

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.1%
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-$10k$0.0$10k$20k$30k

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$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $200,000
Loan Amount $600,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$44,114

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,570

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $3,575

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$3,295
1$3,2952$3,5003$3,5704$3,8005$4,000
$4,000
RENT COMPS ANALYSIS
  • 12106 High Country Lane Las Vegas, NV 3
    • 4 beds 2 baths ∙ 3,221 Sqft ∙ Built 2012 4 beds 2 baths ∙ 3,221 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $3,570
    • $1.11
    •  
  • 536 Puenta Del Rey Street Las Vegas, NV 1
    • 3 beds 4 baths ∙ 3,252 Sqft ∙ Built 2007 3 beds 4 baths ∙ 3,252 Sqft ∙ Built 2007
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.01
    •  
  • 12037 La Palmera Las Vegas, NV 2
    • 4 beds 4 baths ∙ 3,387 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,387 Sqft ∙ Built 2007
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.03
    •  
  • 12049 La Palmera Avenue Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,387 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,387 Sqft ∙ Built 2006
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.12
    •  
  • 12106 Highland Vista Way Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,121 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,121 Sqft ∙ Built 2012
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.28
    •  
PROPERTY LISTING DETAILS
Robert C Pistone
1.702.344.0606
Keller Williams Vip
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256115
Last Updated: 12/18/2020
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