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213 Pebble Canyon Drive Las Vegas, NV 89123

4 Beds 1 Baths 2,414 sqft Built 2003

$435,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $180.20
  • 4 Days on Market
  • MLS # : 2258532
  • Updated Date : 01/01/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,414 sqft
  • Baths : 1 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Clean & Move-In Ready! Freshly Painted! New Carpet in Bedrooms! Open Spacious Floor Plan; Formal Living and Dining Rooms; Separate Family Room; Kitchen Offers Solid Surface Countertops, Double Built-in Ovens, Casual Eat-In Area, Breakfast Bar, Large Center Island and Walk-In Pantry; Tile Flooring in High Traffic Areas and Bathrooms; Tons of Storage Throughout; Dual Master Bedrooms; Oversized Secondary Bedrooms; Covered Patio the Length of the Home; Garage has Epoxy Floors, Storage Cabinets and Large Workbench; Easy Care Landscaping. Close to Entertainment, Dining and Shopping.

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: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k305k

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

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
John R. Beatty Elementary School Primary Regular 601 29 8
Jack L. Schofield Middle School Middle Regular 1,332 51 NA
Liberty High School High Regular 2,496 105 5

John R. Beatty Elementary School

  • Education Level: Primary
  • # of students: 601
  • # of teachers: 29
8
GreatSchools Rating

Jack L. Schofield Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 51
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,605
Property Tax -$293
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
-$190

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.

$435,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$17,113

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,088

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9003$1,9104$2,2005$2,295
$2,295
RENT COMPS ANALYSIS
  • 213 Pebble Canyon Drive Las Vegas, NV 2
    • 4 beds 1 baths ∙ 2,414 Sqft ∙ Built 2003 4 beds 1 baths ∙ 2,414 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.79
    •  
  • 9140 Manalang Las Vegas, NV 1
    • 3 beds 2 baths ∙ 2,436 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,436 Sqft ∙ Built 2002
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.78
    •  
  • 672 Fontayne Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 2002
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.83
    •  
  • 9294 Eaton Creek Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 2004
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
  • 159 Skipping Stone Lane Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1997
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.96
    •  
PROPERTY LISTING DETAILS
Claudio A Montenegro
1.702.277.7494
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258532
Last Updated: 01/01/2021
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