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2112 Puffer Beach Court North Las Vegas, NV 89081

3 Beds 2 Baths 1,352 sqft Built 2007

$260,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $192.31
  • 3 Days on Market
  • MLS # : 2260375
  • Updated Date : 01/09/2021 at 10:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,352 sqft
  • Baths : 2 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

** SINGLE STORY HOME ONLY $260K!! ** BEAUTIFUL PROPERTY SITUATED IN A GATED, 1-STORY COMMUNITY ON CUL DE SAC. FEATURES 3 BEDROOMS, 2 FULL BATHS, & 2 CAR GARAGE. TILE & CARPET THROUGHOUT. MASTER BEDROOM SEPARATE FROM OTHERS, WITH WALK-IN-CLOSET, DUAL SINKS AND SHOWER/TUB COMBO. NICE SIZED, PRIVATE BACKYARD WITH LOW MAINTENANCE LANDSCAPING. ALL APPLIANCES ARE INCLUDED IN THE SALE. HOA ONLY $47/M. LOCATED NEAR SCHOOLS, I-215, SHOPPING, FOOD & MORE! YOU DON'T WANT TO MISS OUT ON THIS! * WELCOME HOME!! *

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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: Tropical and Lawrence

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: Tropical and Lawrence

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9321603

* 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
Jesse Scott Elementary School Primary Regular 853 45 2
Carroll M Johnston Middle School Middle Regular 1,365 58 NA
Legacy High School High Regular 2,819 119 3

Jesse Scott Elementary School

  • Education Level: Primary
  • # of students: 853
  • # of teachers: 45
2
GreatSchools Rating

Carroll M Johnston Middle School

  • Education Level: Middle
  • # of students: 1,365
  • # of teachers: 58
NA
GreatSchools Rating

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$903
Property Tax -$215
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
$110

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$260,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 10.9%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$23,956

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,200

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3503$1,3504$1,4005$1,400
$1,400
RENT COMPS ANALYSIS
  • 2112 Puffer Beach Court North Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.04
    •  
  • 608 Cowboy Cross Avenue North Las Vegas, NV 1
    • 3 beds 4 baths ∙ 1,502 Sqft ∙ Built 2004 3 beds 4 baths ∙ 1,502 Sqft ∙ Built 2004
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.87
    •  
  • 1017 Sunny Acres Avenue #- North Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,505 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,505 Sqft ∙ Built 2007
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.90
    •  
  • 6216 Standing Elm Street North Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,505 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,505 Sqft ∙ Built 2004
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.90
    •  
  • 1239 Maple Pines Avenue #0 North Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,595 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,595 Sqft ∙ Built 2005
    property image
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.88
    •  
PROPERTY LISTING DETAILS
Ginny Lee
1.702.875.1477
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260375
Last Updated: 01/09/2021
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