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1425 Sycamore Spring Court Las Vegas, NV 89128

2 Beds 2 Baths 1,114 sqft Built 1996

$233,500

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $209.61
  • 9 Days on Market
  • MLS # : 2246736
  • Updated Date : 11/11/2020 at 01:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,114 sqft
  • Baths : 1 full , 1 half
Listing Agent

Era Brokers Consolidated

Listing Agent's Description

72 HOUR HOME SALE. INQUIRE NOW! Welcome to popular Cambria Hills. Single family alternative to condo living. Affordable and in excellent condition. This well maintained 2bd/2.5ba, 2-story home is move-in ready! Features include: large 2-story great room, gas cooking, 1/2 bath on first floor, 2-car garage, app-controlled alarm system and garage entry, community pool and spa with restroom facilities, common parking, new air conditioner (3 months), artificial turf rear yard with access through attractive wood gate and fence, master bath with dual sinks, makeup counter and walk-in walk-in closet, washer and dryer on 2nd floor. This home is sure to go FAST. Contact Listing Agent for showing info!

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: Pioneer Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: Pioneer Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9551606

* 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
Edythe And Lloyd Katz Elementary School Primary Regular 711 36 4
Ernest Becker Middle School Middle Regular 1,392 56 NA
Cimarron Memorial High School High Regular 2,541 102 3

Edythe And Lloyd Katz Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 36
4
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Cimarron Memorial High School

  • Education Level: High
  • # of students: 2,541
  • # of teachers: 102
3
GreatSchools Rating
 

$210,150$256,850$233,500

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$862
Property Tax -$149
Property Insurance -$49
Property Management Fees -$119
CASH FLOW
$31

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.

$233,500

PROJECTED PRICE

$1,210

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 11.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,628

INVESTMENT

$67,628

Down Payment
$58,375
Rehab Estimate
$5,750
Closing Costs
$3,503

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$862

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,375
Loan Amount $175,125
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$21,756

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,067

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,1253$1,1454$1,2105$1,245
$1,245
RENT COMPS ANALYSIS
  • 1425 Sycamore Spring Court Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,114 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,114 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $1.09
    •  
  • 1101 Buffalo Drive #201 Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,136 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,136 Sqft ∙ Built 1987
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.92
    •  
  • 1500 Truett Street #101 Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,204 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,204 Sqft ∙ Built 1996
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,125
    • $0.93
    •  
  • 1400 Seward #202 Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,204 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,204 Sqft ∙ Built 1996
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,145
    • $0.95
    •  
  • 7624 Pacific Hills Avenue #104 Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,204 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,204 Sqft ∙ Built 1996
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,245
    • $1.03
    •  
PROPERTY LISTING DETAILS
Galit Gladstein
1.702.506.1212
Era Brokers Consolidated
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246736
Last Updated: 11/11/2020
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