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1337 Desert Hills Drive Las Vegas, NV 89117

4 Beds 3 Baths 1,870 sqft Built 1994

$369,990

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $197.86
  • 4 Days on Market
  • MLS # : 2243649
  • Updated Date : 11/01/2020 at 02:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,870 sqft
  • Baths : 3 full
Listing Agent

Win Win Real Estate

Listing Agent's Description

Spectacular 4 bedroom home in Peccole Ranch! Large open entry with vaulted ceilings and fireplace in family room! Spacious, brightly lit kitchen with island and breakfast bar! Downstairs bedroom with bath! Community parks, jogging and walking paths. Easy access to theaters, shopping, restaurants and much more!

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: Peccole Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Peccole Ranch

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
D'voree And Hall Ober Elementary School Primary Regular 669 39 8
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Bonanza High School High Regular 2,003 83 3

D'voree And Hall Ober Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 39
8
GreatSchools Rating

Walter Johnson Junior High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 50
NA
GreatSchools Rating

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

$332,991$406,989$369,990

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,365
Property Tax -$216
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
-$64

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.

$369,990

PROJECTED PRICE

$1,700

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.9%
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$200k$400k$600k$800k$1.0M$1.2M

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$103,797

INVESTMENT

$103,797

Down Payment
$92,498
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,498
Loan Amount $277,493
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$24,117

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,833

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7004$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 1337 Desert Hills Drive Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,870 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,870 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 9761 Derbyhill Circle Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1997
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 1620 Country Hollow Drive Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1991
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.97
    •  
  • 1608 Country Hollow Drive Las Vegas, NV 4
    • 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 1991
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 1401 Chaparral Summit Drive #0 Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
PROPERTY LISTING DETAILS
Diana Day
1.702.505.3484
Win Win Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243649
Last Updated: 11/01/2020
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