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12550 Point Sierra Street Las Vegas, NV 89138

4 Beds 2 Baths 2,123 sqft Built 2019

$734,900

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $346.16
  • 2 Days on Market
  • MLS # : 2255357
  • Updated Date : 12/19/2020 at 09:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,123 sqft
  • Baths : 2 full
Listing Agent

Vegas International Properties

Listing Agent's Description

ONE OF THE NICEST PROPERTIES CURRENTLY ON THE MARKET. CORNER LOT W/STUNNING STRIP & MOUNTAIN VIEWS. OWNER/FORMER CUSTOM HOME BUILDER HAS OVERSEEN EVERY PHASE OF CONSTRUCTION ON THIS BEAUTIFUL HOME. LOADED W/ALL THE RIGHT UPGRADES, MODERN DESIGN, PAVER DRIVEWAY & WALKWAY, COVERED ENTRANCE, VOLUME CEILINGS, KITCHEN W/QUARTZ COUNTERTOPS, ISLAND W/PENDANT & RECESSED LIGHTING, TOUCH KITCHEN FAUCET, UPGRADED CABINETS THROUGHOUT HOME, UPGRADED STAINLESS STEEL APPLIANCES, COOKTOP, BUILT-IN OVEN & MICROWAVE, ALL APPLIANCES STAY, SUNBURST SHUTTERS, HIGHLY UPGRADED PORCELAIN TILE FLOORING, UPGRADED CARPET & PAD, CEILING FANS W/REMOTES ALL BEDROOMS, ALL BATHROOMS W/CUSTOM BACKSPLASH & SHOWER ACCENTS, HIGH PROFILE ENLONGATED KOHLER TOILETS W/EASY CLEAN & SOFT CLOSE SEATS, MASTER BATH W/ FULL SHOWER & TILE ACCENTS, LAUNDRY RM W/ACCENT TILE WALL W/CABINETS & BAR FOR HANGING CLOTHES, GARAGE W/ EPOXY FLOOR, FAMILY RM W/15 FOOT SLIDER OPENS TO TILED COVERED PATIO, FAUX GRASS, STUCCO & PAINTED SOUTH WALL

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
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
 

$661,410$808,390$734,900

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,711
Property Tax -$531
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
-$870

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.

$734,900

PROJECTED PRICE

$2,560

PROJECTED RENT

0.35%

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

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$196,749

INVESTMENT

$196,749

Down Payment
$183,725
Rehab Estimate
$2,000
Closing Costs
$11,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,711

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $183,725
Loan Amount $551,175
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,172

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,229

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8903$2,1504$2,5605$2,790
$2,790
RENT COMPS ANALYSIS
  • 12550 Point Sierra Street Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,123 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,123 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $1.21
    •  
  • 12145 Capilla Real Avenue #0 Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2004
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 932 Tafalla Court #0 Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2006
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.96
    •  
  • 12204 Capilla Real Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,975 Sqft ∙ Built 2005
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.09
    •  
  • 11919 Fisterra Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,302 Sqft ∙ Built 2016
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,790
    • $1.21
    •  
PROPERTY LISTING DETAILS
David B Dilks
1.702.524.3130
Vegas International Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255357
Last Updated: 12/19/2020
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