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12261 Sandy Peak Avenue Las Vegas, NV 89138

4 Beds 4 Baths 2,578 sqft Built 2014

$638,800

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $247.79
  • 4 Days on Market
  • MLS # : 2277825
  • Updated Date : 03/12/2021 at 01:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,578 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Dual Master Bedroom floor-plan in this Summerlin Paseos gated community! Primary master is downstairs with full size bathroom, featuring dual vanity, separate walk-in shower and full size tub, and walk-in closet. Spacious open great-room concept for downstairs living space. Kitchen features Granite Counter tops, recessed and pendant lighting, Rich Cabinetry, and stainless appliances. All appliances included. Separate Laundry Room downstairs with cabinets. Finished back yard features pavers flooring, river rock scaping, excellent privacy and mountain views. Downstairs den features glass panel french door entry. Upstairs loft is an excellent extra living room, and offers a retreat from the downstairs area. Full bathroom upstairs with dual sinks and tub/shower combo. This is a lovely house with a warm, neutral color scheme, very functional floor-plan and great location. Don’t miss your chance to see this gem.

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: 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
 

$574,920$702,680$638,800

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$2,219
Property Tax -$447
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
-$442

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.

$638,800

PROJECTED PRICE

$2,420

PROJECTED RENT

0.38%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$175,032

INVESTMENT

$175,032

Down Payment
$159,700
Rehab Estimate
$5,750
Closing Costs
$9,582

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,219

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $159,700
Loan Amount $479,100
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$10,069

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,655

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,420
1$2,4202$2,5003$2,5004$2,5505$2,900
$2,900
RENT COMPS ANALYSIS
  • 12261 Sandy Peak Avenue Las Vegas, NV 1
    • 4 beds 4 baths ∙ 2,578 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,578 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $0.94
    •  
  • 12281 Terrace Verde Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2016
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
  • 12272 Caminita Place Las Vegas, NV 3
    • 3 beds 2 baths ∙ 2,417 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,417 Sqft ∙ Built 2005
    property image
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.03
    •  
  • 477 Astillero Street Las Vegas, NV 4
    • 4 beds 5 baths ∙ 2,580 Sqft ∙ Built 2018 4 beds 5 baths ∙ 2,580 Sqft ∙ Built 2018
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.99
    •  
  • 12320 Kings Meadow Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2013
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.15
    •  
PROPERTY LISTING DETAILS
Tim Catching
1.702.577.8966
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2277825
Last Updated: 03/12/2021
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