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2120 Crooked Pine Drive Las Vegas, NV 89134

5 Beds 4 Baths 3,666 sqft Built 1995

$659,999

List Price

$3,080

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $180.03
  • 5 Days on Market
  • MLS # : 2257540
  • Updated Date : 12/23/2020 at 18:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,666 sqft
  • Baths : 4 full
Listing Agent

Precision Realty

Listing Agent's Description

Located in Summerlin! Minutes from Downtown Summerlin Mall, Red Rock Casino, and major shopping centers! Only 5 mins from the Summerlin Pkwy. Amazing home with beautiful, top of the line finishes throughout. Home has vaulted ceiling in grand entry with curved stairway, large windows, upgraded chandeliers. Bedroom downstairs, HUGE kitchen with island, private pool, patio area, Massive master bathroom with fireplace, and loft. Kitchen features include Calcutta countertops, island, tiled backsplash, brand new cabinets, upgraded hardware. Gorgeous new vanities in bathrooms, upgraded mirrors and fixtures, custom tiled showers, master bath has large tub with jets, separate shower, and dual vanities. This is a must see!!

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

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k383k

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

Neighborhood: The Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
 

$593,999$725,999$659,999

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$2,435
Property Tax -$381
Property Insurance -$98
Property Management Fees -$119
CASH FLOW
$47

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.

$659,999

PROJECTED PRICE

$3,080

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$180,650

INVESTMENT

$180,650

Down Payment
$165,000
Rehab Estimate
$5,750
Closing Costs
$9,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $165,000
Loan Amount $494,999
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$58,953

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,080

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $3,070

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,0003$3,0004$3,0805$3,200
$3,200
RENT COMPS ANALYSIS
  • 2120 Crooked Pine Drive Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,666 Sqft ∙ Built 1995 5 beds 4 baths ∙ 3,666 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $0.84
    •  
  • 508 Proud Eagle Lane Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,634 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,634 Sqft ∙ Built 1999
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.82
    •  
  • 2116 Jadeleaf Court #0 Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,409 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,409 Sqft ∙ Built 1995
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.88
    •  
  • 2133 Whitebirch Lane Las Vegas, NV 3
    • 5 beds 5 baths ∙ 3,886 Sqft ∙ Built 1994 5 beds 5 baths ∙ 3,886 Sqft ∙ Built 1994
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.77
    •  
  • 2508 Monarch Bay Drive Las Vegas, NV 5
    • 5 beds 4 baths ∙ 3,656 Sqft ∙ Built 1995 5 beds 4 baths ∙ 3,656 Sqft ∙ Built 1995
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.88
    •  
PROPERTY LISTING DETAILS
Enzo Varela
1.702.280.8300
Precision Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257540
Last Updated: 12/23/2020
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