Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

12233 Pro Tour Court Las Vegas, NV 89141

5 Beds 2 Baths 3,067 sqft Built 2019

$679,900

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $221.68
  • 5 Days on Market
  • MLS # : 2278380
  • Updated Date : 03/19/2021 at 16:06
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,067 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

You will love this modern style, open floor plan located in the desirable, gated community of The Legends at Southern Highlands! Gorgeous porcelain tile laid at a diagonal covers the downstairs and accentuates the spacious great room. Upgraded, espresso, kitchen cabinets and granite counters are a perfect contrast to the modern floors. This gourmet kitchen includes a massive built-in refrigerator, cook top, double-oven, and an oversized kitchen island for everyone to gather. Two sliding doors allow lots of natural light and open to a covered patio with an outdoor fireplace and putting green. A sizable primary suite complete with oversized shower, soaking tub, huge walk-in closet, dual vanities, and views from the balcony. A multi-purpose laundry room with utility sink, cabinets and mud room. Generous size spare bedrooms and closets. Professionally landscaped yard, paver driveway, and artificial turf provides the ultimate curb appeal. Tankless water heater, R/O system, & Water Softener

SEE MORE

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
 

$611,910$747,890$679,900

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$2,362
Property Tax -$432
Property Insurance -$87
Property Management Fees -$119
CASH FLOW
-$799

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.

$679,900

PROJECTED PRICE

$2,200

PROJECTED RENT

0.32%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,924

INVESTMENT

$185,924

Down Payment
$169,975
Rehab Estimate
$5,750
Closing Costs
$10,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,362

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $169,975
Loan Amount $509,925
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,109

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,691

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,5003$2,5454$2,7505$3,000
$3,000
RENT COMPS ANALYSIS
  • 12233 Pro Tour Court Las Vegas, NV 1
    • 5 beds 2 baths ∙ 3,067 Sqft ∙ Built 2019 5 beds 2 baths ∙ 3,067 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.72
    •  
  • 11513 Flagwood Street Las Vegas, NV 2
    • 4 beds 4 baths ∙ 2,968 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,968 Sqft ∙ Built 2014
    property image
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.84
    •  
  • 3242 Rapace Lane Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,134 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,134 Sqft ∙ Built 2004
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,545
    • $0.81
    •  
  • 11749 Hugana Place Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,133 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,133 Sqft ∙ Built 2005
    property image
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.88
    •  
  • 12331 Old Muirfield Street Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,067 Sqft ∙ Built 2016 5 beds 3 baths ∙ 3,067 Sqft ∙ Built 2016
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.98
    •  
PROPERTY LISTING DETAILS
Nichole L Teter
1.702.503.4434
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2278380
Last Updated: 03/19/2021
BESbswy