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1621 Imperial Cup Drive Las Vegas, NV 89117

3 Beds 2 Baths 1,259 sqft Built 1992

$350,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $278.00
  • 7 Days on Market
  • MLS # : 2268750
  • Updated Date : 02/09/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,259 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Southwe

Listing Agent's Description

Beautiful, Single Story-3Bed/2Full Bath Home in PECCOLE RANCH! Living room features vaulted ceiling, hardwood laminate flooring and fireplace. Super cute kitchen has granite counters, new chef's hood & stainless steel appliances. Beautiful, private yard with concrete patio and NO NEIGBHORS behind. This amazing PECCOLE RANCH is so close to everything that Summerlin has to offer ! Enjoy your morning walks in beautiful, Peccole Ranch! Parks, Beltways, tennis ,volleyball, bocce ball and much more! You will love living in this great location with so much walk-abilty to shopping on Sahara and to 2 schools!. Minutes to Downtown Summerlin! Amazing neighborhood!

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

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,216
Property Tax -$190
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
-$157

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.

$350,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.41%

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-$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,496

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,410

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,4204$1,4955$1,495
$1,495
RENT COMPS ANALYSIS
  • 1621 Imperial Cup Drive Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,259 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.13
    •  
  • 2200 Fort Apache Road #2140 Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,183 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,183 Sqft ∙ Built 1991
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.14
    •  
  • 9552 World Cup Drive Las Vegas, NV 2
    • 3 beds 1 baths ∙ 1,259 Sqft ∙ Built 1990 3 beds 1 baths ∙ 1,259 Sqft ∙ Built 1990
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.11
    •  
  • 1669 Shifting Winds Street Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1999
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.09
    •  
  • 10260 Wood Work Lane Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 2000
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.14
    •  
PROPERTY LISTING DETAILS
Anna M Kitras
1.702.708.2388
Keller Williams Realty Southwe
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268750
Last Updated: 02/09/2021
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