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12455 Glenlivet Lowland Avenue Las Vegas, NV 89138

4 Beds 2 Baths 3,490 sqft Built 2019

$1,275,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $365.33
  • 3 Days on Market
  • MLS # : 2256729
  • Updated Date : 12/18/2020 at 16:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,490 sqft
  • Baths : 1 full , 1 half
Listing Agent

Simply Vegas

Listing Agent's Description

Brand new, exceptional single story home at one of the highest elevations in Vegas. This home is filled with upgrades, there is stunning cabinetry throughout. There's an large, open kitchen that features and enormous center island as well as top-of-the-line appliances, rich counter tops and back splash as well as a stunning porcelain floor. The home features a large great room with impressive sliding glass doors, high vaulted ceilings that have been beautifully enhanced with attractive beams. The lighting fixtures throughout the home come straight out of architectural digest. All of the bedrooms are great sizes and the master suite is "to die for" and has one of the largest showers you'll see as well as an extremely spacious master closet. Outside there is a covered patio that runs the length of the house providing ample shade. There is also an entry courtyard and an over sized 3 car garage.

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

Zip Code: 89138

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k476k

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

Zip Code: 89138

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10762575

* 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
Ethel W. Staton Elementary School Primary Regular 880 45 9
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Ethel W. Staton Elementary School

  • Education Level: Primary
  • # of students: 880
  • # of teachers: 45
9
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
 

$1,147,500$1,402,500$1,275,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$4,704
Property Tax -$232
Property Insurance -$95
Property Management Fees -$119
CASH FLOW
-$2,510

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$1,275,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.21%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 3.00%
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$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$339,875

INVESTMENT

$339,875

Down Payment
$318,750
Rehab Estimate
$2,000
Closing Costs
$19,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,704

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $318,750
Loan Amount $956,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$94

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $3,525

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,640
1$2,6402$3,0003$3,4504$3,5005$3,995
$3,995
RENT COMPS ANALYSIS
  • 12455 Glenlivet Lowland Avenue Las Vegas, NV 1
    • 4 beds 2 baths ∙ 3,490 Sqft ∙ Built 2019 4 beds 2 baths ∙ 3,490 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $0.76
    •  
  • 351 Rezzo Street Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,520 Sqft ∙ Built 2015 5 beds 2 baths ∙ 3,520 Sqft ∙ Built 2015
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.85
    •  
  • 12282 Bluebird Canyon Place Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,320 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,320 Sqft ∙ Built 2006
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.04
    •  
  • 948 White Feather Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,423 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,423 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.02
    •  
  • 928 White Feather Lane Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,540 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,540 Sqft ∙ Built 2005
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.13
    •  
PROPERTY LISTING DETAILS
Gavin Ernstone
1.702.523.3677
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256729
Last Updated: 12/18/2020
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