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1817 Wincanton Drive Las Vegas, NV 89134

4 Beds 3 Baths 3,409 sqft Built 1995

$1,100,000

List Price

$3,400

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $322.68
  • 6 Days on Market
  • MLS # : 2264353
  • Updated Date : 01/28/2021 at 21:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,409 sqft
  • Baths : 2 full , 1 half
Listing Agent

Raintree Real Estate

Listing Agent's Description

Here is your modern, renovated Semi-Custom Christopher "Augusta" model in TPC Summerlin! Pass through your courtyard into a foyer that showcases the marble floors w/ natural light from multiple skylights. Through the totally renovated living room, visit the sunken wet bar w/ mini fridge & windows showcasing the covered patio, pool and outdoor BBQ area. The heart of the home is your completely renovated gourmet kitchen with Monogram appliances, skylight, LED lighting, separate wine fridge, and more! Originally built as a formal dining room, imagine repurposing as another office, play/school area, or gym! This is in addition to the den/office inside the front door. The 3-spare-bedroom wing includes the laundry room, & the front room has an en-suite bathroom, which opens up the possibility of extended family living. But the Master Suite is the jewel, with fireplace, doors to the park-like yard, TWO walk-in closets and a totally renovated bathroom with steam shower, floating vanity & more.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Hills South

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $119k1126k

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

Neighborhood: The Hills South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000Rent in $10765266

* 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
William Lummis Elementary School Primary Regular 555 27 7
Ernest Becker Middle School Middle Regular 1,392 56 NA
Palo Verde High School High Regular 3,024 114 9

William Lummis Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 27
7
GreatSchools Rating

Ernest Becker Middle School

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

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$990,000$1,210,000$1,100,000

PURCHASE PRICE

$3,060$3,740$3,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,400
EXPENSES Loan Payment -$3,821
Property Tax -$634
Property Insurance -$93
Property Management Fees -$119
CASH FLOW
-$1,267

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.

$1,100,000

PROJECTED PRICE

$3,400

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 5.0%
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$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$297,250

INVESTMENT

$297,250

Down Payment
$275,000
Rehab Estimate
$5,750
Closing Costs
$16,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,821

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $275,000
Loan Amount $825,000
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$2,081

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,400

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,906

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6953$3,0004$3,3995$3,400
$3,400
RENT COMPS ANALYSIS
  • 1817 Wincanton Drive Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,409 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,409 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.00
    •  
  • 2008 Faywood Street Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,260 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,260 Sqft ∙ Built 1996
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.77
    •  
  • 9301 Jadecrest Drive Las Vegas, NV 2
    • 4 beds 2 baths ∙ 3,432 Sqft ∙ Built 1994 4 beds 2 baths ∙ 3,432 Sqft ∙ Built 1994
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.79
    •  
  • 2116 Jadeleaf Court #0 Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,409 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,409 Sqft ∙ Built 1995
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.88
    •  
  • 8801 Quadro Las Vegas, NV 4
    • 4 beds 2 baths ∙ 3,511 Sqft ∙ Built 1996 4 beds 2 baths ∙ 3,511 Sqft ∙ Built 1996
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,399
    • $0.97
    •  
PROPERTY LISTING DETAILS
Robert Andy Stahl
1.717.574.2719
Raintree Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264353
Last Updated: 01/28/2021
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