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2001 Eagle Trace Way Las Vegas, NV 89117

4 Beds 4 Baths 4,739 sqft Built 1996

$1,250,000

List Price

$4,210

$4K - $4.5K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $263.77
  • 4 Days on Market
  • MLS # : 2264901
  • Updated Date : 01/29/2021 at 18:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,739 sqft
  • Baths : 3 full , 1 half
Listing Agent

Luxury Homes Of Las Vegas

Listing Agent's Description

**Prof. Photos Coming Soon** Stunning Luxury Home in guard gated Canyon Gate Country Club! This custom home sits on a 0.41 acre lot behind two gates. 4,739 square feet, 4 car garage, with an attached workshop. Two en suite bedrooms with walk-in closets, plus the master. Spacious master bedroom featuring a sitting area, backyard access, dual walk-in closets with built-ins, and a large bathroom. Master bathroom with two toilets, large jetted tub, and a walk-in shower. Additional room connected to the master that is currently a home gym but would be great as a nursery, office, etc. Kitchen features beautiful stainless steel appliances and a large walk-in pantry with built-in shelves. Open-flowing floorplan connects this home beautifully. Additional features include a theatre room, large laundry room, and tons of storage space. Gorgeous backyard with a covered patio, large grass lawn, sparkling pool, sports court, and unbeatable golf course views/frontage! Schedule a tour today!

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: Canyon Gate Master

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $69k362k

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

Neighborhood: Canyon Gate Master

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10763795

* 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
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$3,789$4,631$4,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,210
EXPENSES Loan Payment -$4,342
Property Tax -$814
Property Insurance -$119
Property Management Fees -$119
CASH FLOW
-$1,183

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.

$1,250,000

PROJECTED PRICE

$4,210

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 3.7%
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$30k

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$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,342

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$7,311

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,210

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $4,656

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$4,210
1$4,2102$4,3003$4,5004$4,5005$4,900
$4,900
RENT COMPS ANALYSIS
  • 2001 Eagle Trace Way Las Vegas, NV 1
    • 4 beds 5 baths ∙ 4,739 Sqft ∙ Built 1996 4 beds 5 baths ∙ 4,739 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,210
    • $0.89
    •  
  • 2290 Casa Bella Court Las Vegas, NV 2
    • 4 beds 5 baths ∙ 4,482 Sqft ∙ Built 2003 4 beds 5 baths ∙ 4,482 Sqft ∙ Built 2003
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $0.96
    •  
  • 1870 Columbia Crest Court Las Vegas, NV 3
    • 5 beds 3 baths ∙ 4,609 Sqft ∙ Built 1999 5 beds 3 baths ∙ 4,609 Sqft ∙ Built 1999
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $0.98
    •  
  • 9321 Fontainbleu Drive Las Vegas, NV 4
    • 4 beds 5 baths ∙ 4,424 Sqft ∙ Built 1999 4 beds 5 baths ∙ 4,424 Sqft ∙ Built 1999
    property image
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.02
    •  
  • 9909 Cozy Glen Circle Las Vegas, NV 5
    • 5 beds 5 baths ∙ 5,047 Sqft ∙ Built 1993 5 beds 5 baths ∙ 5,047 Sqft ∙ Built 1993
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $0.97
    •  
PROPERTY LISTING DETAILS
Kenneth H Lowman
1.702.216.4663
Luxury Homes Of Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264901
Last Updated: 01/29/2021
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