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2053 Glenview Drive Las Vegas, NV 89134

4 Beds 5 Baths 4,369 sqft Built 1994

$1,378,888

List Price

$4,270

$4K - $4.5K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $315.61
  • 3 Days on Market
  • MLS # : 2263258
  • Updated Date : 01/22/2021 at 23:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,369 sqft
  • Baths : 4 full , 1 half
Listing Agent

Luxury Homes Of Las Vegas

Listing Agent's Description

Beautiful luxury home in guard gated, Country Club Hills at Summerlin! Special property with large usable font yard, behind private gates and located at the end of the cul-de-sac. Large front lawn, beautiful courtyard, and a three car garage. Light and airy living area with a large living room and spacious family room. Open flowing floorplan intertwines the entire first level. 4 bedrooms, 5 bathrooms and a loft! This luxury home has space for everyone. Huge master bedroom with a sitting area and walk-in closet. Master bathroom features dual vanities, large stand-alone tub and gorgeous walk-in shower. The backyard space is absolutely stunning! Large covered patio, beautiful pool, and an elevated spa. Tour this home today! You will not be disappointed!

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: 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
 

$1,240,999$1,516,777$1,378,888

PURCHASE PRICE

$3,843$4,697$4,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,270
EXPENSES Loan Payment -$4,789
Property Tax -$669
Property Insurance -$112
Property Management Fees -$119
CASH FLOW
-$1,419

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.

$1,378,888

PROJECTED PRICE

$4,270

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$3.5M

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$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$371,155

INVESTMENT

$371,155

Down Payment
$344,722
Rehab Estimate
$5,750
Closing Costs
$20,683

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $344,722
Loan Amount $1,034,166
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$6,095

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,270

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $4,456

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,270
$4,270
RENT COMPS ANALYSIS
  • 2053 Glenview Drive Las Vegas, NV 2
    • 4 beds 5 baths ∙ 4,369 Sqft ∙ Built 1994 4 beds 5 baths ∙ 4,369 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $4,270
    • $0.98
    •  
  • 9829 Ridge Rock Court Las Vegas, NV 1
    • 5 beds 4 baths ∙ 4,107 Sqft ∙ Built 1999 5 beds 4 baths ∙ 4,107 Sqft ∙ Built 1999
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.02
    •  
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 #: 2263258
Last Updated: 01/22/2021
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