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2208 Hunt Club Street Las Vegas, NV 89128

3 Beds 3 Baths 1,841 sqft Built 1990

INVESTimate

$340,000

List Price

$1,560

$1,404 - $1,716

Rent Est.

$367,200  ( +8.00%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1990
  • Price/Sqft : $184.68
  • 9 Days on Market
  • MLS # : 2223447
  • Updated Date : 08/22/2020 at 13:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,841 sqft
  • Baths : 2 full , 1 half
Listing Agent

Paradigm Realty

Listing Agent's Description

You want to see this Beautiful Home close to Summerlin!! Ideal for savvy Investors looking to own in the Prestigious 4 Lake Community of DESERT SHORES! High Vaulted Celings, Plantation Blinds & Shutters, Natural Light, Ceiling Fans, New Carpet w/Memory Foam! Kitchen w/Island Bar, Granite Counters, Charming Bay Window at Nook, Double Oven and a Fireplace at the open Family Room! Master BDRM has it's own wing of the upstairs with High Vaulted Ceilings, lots of Natural Light and a spacious Walk-In Closet! The elevated 'Catwalk' Hallway leads to the other side with 2 Spacious Bedrooms! The Backyard is the best part! A huge Pool size Lot and no neighbors in back! Beautiful Bike Path with lush mature Landscaping, Neighborhood Shopping & Restaurants.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: South Shores

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k384k

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

Neighborhood: South Shores

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10762136

* 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
Richard H Bryan Elementary School Primary Regular 617 32 8
Ernest Becker Middle School Middle Regular 1,392 56 NA
Cimarron Memorial High School High Regular 2,541 102 3

Richard H Bryan Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 32
8
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Cimarron Memorial High School

  • Education Level: High
  • # of students: 2,541
  • # of teachers: 102
3
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,254
Property Tax -$195
Property Insurance -$63
HOA -$80
Property Management Fees -$119
CASH FLOW
-$151

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.

$340,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.00%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$13,405

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,652

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,5953$1,6004$1,7505$1,900
$1,900
RENT COMPS ANALYSIS
  • 2208 Hunt Club Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,841 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,841 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.85
    •  
  • 7825 Cocoa Beach Circle Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,929 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,929 Sqft ∙ Built 1990
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.83
    •  
  • 7924 Dover Shores Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,841 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,841 Sqft ∙ Built 1991
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
  • 8004 Hilliard Ave Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,929 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,929 Sqft ∙ Built 1993
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
  • 7845 Turtle Cove Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,929 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,929 Sqft ∙ Built 1990
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.98
    •  
PROPERTY LISTING DETAILS
Robin R Kirksey-scott
1.614.749.4333
Paradigm Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223447
Last Updated: 08/22/2020
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