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2141 Crestline Falls Place Las Vegas, NV 89134

4 Beds 2 Baths 2,491 sqft Built 1995

$459,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $184.26
  • 3 Days on Market
  • MLS # : 2243924
  • Updated Date : 11/02/2020 at 14:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,491 sqft
  • Baths : 2 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Spacious Summerlin Home boasts 3 bedrooms upstairs PLUS loft and choice of a bedroom/office/den down stairs. Great entertainment backyard space with a covered patio, comes with a Tortoise named GRUNT. Area for a garden and has mature grapevines. Close to Community Center, Nevada Ballet and numerous Golf Courses. Great shopping and restaurants nearby. New wood flooring throughout the downstairs and staircase. 3 Car Garage. Large eat-in kitchen with granite counters opens to family room with fireplace. Primary bedroom opens out to a large balcony and has a bright and spacious closet. Upstairs loft splits the bedrooms and they enjoy a full bath. Prelim work has been started with Ticor Title, Regina Esposito. PLEASE LEAVE LIGHTS ON... Thank You!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Trails

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k408k

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

Neighborhood: The Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761992

* 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
 

$413,100$504,900$459,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,694
Property Tax -$277
Property Insurance -$75
Property Management Fees -$119
CASH FLOW
$15

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.

$459,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.6%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,694

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$39,050

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,198

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0953$2,1804$2,3005$2,395
$2,395
RENT COMPS ANALYSIS
  • 2141 Crestline Falls Place Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,491 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,491 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.88
    •  
  • 2208 Starline Meadow Place Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,405 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,405 Sqft ∙ Built 1996
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.79
    •  
  • 9809 Echo Hills Drive Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 1995
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.88
    •  
  • 2141 Birch Gray Drive Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 1993
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.92
    •  
  • 1917 Sierra Oaks Lane Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 1995
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.94
    •  
PROPERTY LISTING DETAILS
Mary Till
1.702.600.4556
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243924
Last Updated: 11/02/2020
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