Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

178 Ebb Tide Circle Las Vegas, NV 89123

5 Beds 3 Baths 2,925 sqft Built 1989

$579,000

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $197.95
  • 34 Days on Market
  • MLS # : 2257169
  • Updated Date : 02/04/2021 at 13:33
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,925 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Market Place

Listing Agent's Description

*TWO STORY HOME IN SHELTER EST, THE HOME TO THE ULTIMATE PARADISE LOCATED MINUTES FROM STRIP & RAIDERS STADIUM!*2CAR GARAGE* ALMOST 3000 SQ FT*5 BED/3BA*OPEN FLOOR PLAN*CEILING FANS THROUGHOUT*BLINDS/CEILING FANS THROUGHOUT*KITCHEN W/NOOK AND MARBLED COUNTERTOPS, RECESSED LIGHTINGS AND CUSTOM CABINETS* BEAUTIFUL ARCHITECTURAL RICH INTERIOR WITH INVITING LARGE ROOMS IS ON ALMOST A 1/2 ACRE WITH AN ENTERTAINING PATIO OVERLOOKING A SPACIOUS YARD WITH A SPARKLING POOL AND SPORT COURT* WOOD BURNING FIREPLACE* VAULTED CEILINGS THROUGHOUT *LOW MAINTENANCE LANDSCAPING* JUST MINUTES FROM THE STRIP, AIRPORT, RESTAURANTS AND SHOPPING.

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: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Louis Wiener Jr Elementary School Primary Regular 701 39 7
Jack L. Schofield Middle School Middle Regular 1,332 51 NA
Silverado High School High Regular 2,263 94 5

Louis Wiener Jr Elementary School

  • Education Level: Primary
  • # of students: 701
  • # of teachers: 39
7
GreatSchools Rating

Jack L. Schofield Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 51
NA
GreatSchools Rating

Silverado High School

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

$521,100$636,900$579,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$2,011
Property Tax -$353
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
$263

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.

$579,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$159,185

INVESTMENT

$159,185

Down Payment
$144,750
Rehab Estimate
$5,750
Closing Costs
$8,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $144,750
Loan Amount $434,250
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$64,712

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,830

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,771

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,6003$2,7004$2,8305$3,000
$3,000
RENT COMPS ANALYSIS
  • 178 Ebb Tide Circle Las Vegas, NV 4
    • 5 beds 3 baths ∙ 2,925 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,925 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $0.97
    •  
  • 7396 Cobblefield Street #n/a Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,700 Sqft ∙ Built 1996
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
  • 7492 Cherry Orchard Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,052 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,052 Sqft ∙ Built 2002
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.85
    •  
  • 7665 Gilespie Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 2000
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.96
    •  
  • 7447 Kings Wharf Lane Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,745 Sqft ∙ Built 1995
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.09
    •  
PROPERTY LISTING DETAILS
Michelle Bush
1.702.354.3611
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257169
Last Updated: 02/04/2021
BESbswy