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1783 Graystone Canyon Avenue Las Vegas, NV 89183

4 Beds 4 Baths 1,810 sqft Built 1999

$529,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $292.27
  • 7 Days on Market
  • MLS # : 2273757
  • Updated Date : 03/05/2021 at 18:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,810 sqft
  • Baths : 3 full , 1 half
Listing Agent

Clea's Moapa Valley Realty Llc

Listing Agent's Description

Former MODEL home with not one but TWO Casitas! Detached casita is complete with kitchen, living room, separate bedroom and patio area. Attached casita has separate bedroom, living room and bathroom with private entrance from main home. Mature trees around the property helps shade in the pool and spa on hot summer days! *Interior and pool photos to come***

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: 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
Liberty High School High Regular 2,496 105 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

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$476,100$581,900$529,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,837
Property Tax -$300
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
-$389

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.

$529,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.36%

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$1.6M$1.8M

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$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$145,935

INVESTMENT

$145,935

Down Payment
$132,250
Rehab Estimate
$5,750
Closing Costs
$7,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,837

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,250
Loan Amount $396,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$7,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,765

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7503$1,7754$1,8005$1,930
$1,930
RENT COMPS ANALYSIS
  • 1783 Graystone Canyon Avenue Las Vegas, NV 5
    • 4 beds 4 baths ∙ 1,810 Sqft ∙ Built 1999 4 beds 4 baths ∙ 1,810 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.07
    •  
  • 1894 Ghost Trace Avenue Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 2000
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
  • 1682 Graystone Canyon Avenue Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2001
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.98
    •  
  • 1847 Quartz Landing Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,878 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,878 Sqft ∙ Built 2000
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.95
    •  
  • 9735 Whitewater Canyon Court Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2001
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
PROPERTY LISTING DETAILS
Kasen K Kolhoss
1.702.305.6870
Clea's Moapa Valley Realty Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2273757
Last Updated: 03/05/2021
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