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1329 Silver Knoll Avenue Las Vegas, NV 89123

3 Beds 1 Baths 1,430 sqft Built 1997

$365,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $255.24
  • 3 Days on Market
  • MLS # : 2280183
  • Updated Date : 03/20/2021 at 14:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,430 sqft
  • Baths : 1 full
Listing Agent

Simply Vegas

Listing Agent's Description

AN AMAZINGLY WELL KEPT HOME FROM THE MOMENT YOU DRIVE UP AND SEE THE WELL MANICURED YARD, TO THE ENTRANCE OF THE HOME AND BACKYARD! ENTER AND BE GREETED BY THE NATURAL LIGHT AND OPEN FLOORPLAN. THIS HOME HAS BEEN RECENTLY UPDATED WITH QUARTZ COUNTER TOPS NOT JUST IN THE KITCHEN, BATHROOMS TOO! WOOD LOOK FLOORING, STAINLESS STEEL APPLIANCES, CABINETS WITH SOFT CLOSE DRAWERS AND CABINETS, EXTENDED ISLAND IN THE KITCHEN, BACKSPLACH TO THE CEILING, UPDATED HARDWARE, NEWER CARPET IN THE BEDROOMS, PLANTATION SHUTTERS THROUGHOUT AND A WORK BENCH IN THE GARAGE! THIS 3 BEDROOM, 2 BATH, 3 CAR GARAGE IS A ONE OF A KIND! ENJOY YOUR EVENINGS IN THE LANDSCAPED BACKYARD WITH A COZY FIREPIT OR EAT AL FRESCO! HURRY...IT'S A MUST SEE!

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: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k305k

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

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
Roger Gehring Elementary School Primary Regular 676 39 9
Charles Silvestri Junior High School Middle Regular 1,748 68 NA
Silverado High School High Regular 2,263 94 5

Roger Gehring Elementary School

  • Education Level: Primary
  • # of students: 676
  • # of teachers: 39
9
GreatSchools Rating

Charles Silvestri Junior High School

  • Education Level: Middle
  • # of students: 1,748
  • # of teachers: 68
NA
GreatSchools Rating

Silverado High School

  • Education Level: High
  • # of students: 2,263
  • # of teachers: 94
5
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,268
Property Tax -$205
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
-$117

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.

$365,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$14,684

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,566

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5003$1,5304$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 1329 Silver Knoll Avenue Las Vegas, NV 3
    • 3 beds 1 baths ∙ 1,430 Sqft ∙ Built 1997 3 beds 1 baths ∙ 1,430 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $1.07
    •  
  • 9474 Santa Fe Rose Street Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1998
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.04
    •  
  • 9435 Coral Berry Street #0 Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1998
    LEASED 03/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.08
    •  
  • 9419 Graceful Gold Street Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1997
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.11
    •  
  • 921 Cavaison Avenue Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,430 Sqft ∙ Built 1999
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.15
    •  
PROPERTY LISTING DETAILS
Rebecca L Freed
1.702.561.5920
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2280183
Last Updated: 03/20/2021
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