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2312 Silver Bluff Court Las Vegas, NV 89134

4 Beds 4 Baths 3,714 sqft Built 1993

$794,900

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $214.03
  • 2 Days on Market
  • MLS # : 2249947
  • Updated Date : 11/21/2020 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,714 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

AMAZINGLY UPGRADED HOME IN SUMMERLIN!! HUGE BACKYARD! POOL! SPA! OFFICE ADDITION! 4 BEDROOMS! 5 BATHROOMS! GAMEROOM!! NESTLED IN A CUL-DE-SAC! GATED COMMUNITY! This Summerlin stunner has been completely upgraded from top to bottom! The 400+ sq ft office addition is the perfect solution to your stay-at-home work & homeschooling needs! The kitchen boasts a built in refrigerator, wine fridge, microwave in the island, and a walk-in pantry. The downstairs gameroom has an opening to the family room, which makes for a fantastic entertainment space! The backyard has a beautiful pool, spa, grass area, firepit area, & covered patio! The upstairs master bathroom has custom cabinetry, beautifully enlarged glass shower, and granite counters. The two upstairs bathrooms have gorgeous, brand new tile in the shower/bathtub! Custom cabinetry throughout the house! Wood floors! Granite counters in the kitchen, office and bathrooms! Custom closets! CLOSE TO SCHOOLS AND PARKS! THIS HOUSE IS AMAZING!!!

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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
 

$715,410$874,390$794,900

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$2,933
Property Tax -$457
Property Insurance -$99
Property Management Fees -$119
CASH FLOW
-$678

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.

$794,900

PROJECTED PRICE

$2,930

PROJECTED RENT

0.37%

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$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$216,399

INVESTMENT

$216,399

Down Payment
$198,725
Rehab Estimate
$5,750
Closing Costs
$11,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,933

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $198,725
Loan Amount $596,175
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$11,043

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,971

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,8953$2,9304$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 2312 Silver Bluff Court Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,714 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,714 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $0.79
    •  
  • 8329 Swan Lake Avenue Las Vegas, NV 1
    • 5 beds 2 baths ∙ 3,698 Sqft ∙ Built 1990 5 beds 2 baths ∙ 3,698 Sqft ∙ Built 1990
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.72
    •  
  • 8237 Tivoli Cove Drive Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,490 Sqft ∙ Built 1990 5 beds 2 baths ∙ 3,490 Sqft ∙ Built 1990
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.83
    •  
  • 2116 Jadeleaf Court #0 Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,409 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,409 Sqft ∙ Built 1995
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.88
    •  
  • 2133 Whitebirch Lane Las Vegas, NV 5
    • 5 beds 5 baths ∙ 3,886 Sqft ∙ Built 1994 5 beds 5 baths ∙ 3,886 Sqft ∙ Built 1994
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.77
    •  
PROPERTY LISTING DETAILS
Alyse A Tenney
1.702.810.2271
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249947
Last Updated: 11/21/2020
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