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1800 Glory Creek Drive Las Vegas, NV 89128

3 Beds 3 Baths 1,918 sqft Built 1996

$374,999

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $195.52
  • 2 Days on Market
  • MLS # : 2244305
  • Updated Date : 11/02/2020 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,918 sqft
  • Baths : 2 full , 1 half
Listing Agent

Local Realty

Listing Agent's Description

Beautiful, spacious cul-de-sac property in the desirable gated neighborhood of Monterrey Este’ located in the Pueblo @ Summerlin North!! Home boasts vaulted ceiling, upgraded porcelain tile flooring, wood blinds throughout, upgraded ceiling fans and light fixtures, solar screens on all windows, and lush landscaping. This private and quiet community is walking distance to Richard Bryan Elementary School, restaurants, and shopping. All appliances are included. Newer Trane air conditioning units. Total HOA is only $78/month. Must see to appreciate!

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: Monterrey East

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k372k

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

Neighborhood: Monterrey East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761974

* 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
Richard H Bryan Elementary School Primary Regular 617 32 8
Ernest Becker Middle School Middle Regular 1,392 56 NA
Cimarron Memorial High School High Regular 2,541 102 3

Richard H Bryan Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 32
8
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
 

$337,499$412,499$374,999

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,384
Property Tax -$242
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
-$98

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.

$374,999

PROJECTED PRICE

$1,710

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.6%
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

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,249
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$20,348

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,702

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5503$1,5504$1,6505$1,710
$1,710
RENT COMPS ANALYSIS
  • 1800 Glory Creek Drive Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,918 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,918 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.89
    •  
  • 7733 Via Paseo Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1996
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 1649 Grey Bull Way Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,731 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,731 Sqft ∙ Built 1994
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
  • 7736 Via Paseo Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,753 Sqft ∙ Built 1996
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
  • 7713 Via Paseo Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1996
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
PROPERTY LISTING DETAILS
Martha Caballero
1.702.400.7664
Local Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244305
Last Updated: 11/02/2020
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