Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2393 Calico Creek Court Las Vegas, NV 89135

3 Beds 2 Baths 3,797 sqft Built 2000

$1,925,000

List Price

$5,660

$5.4K - $5.9K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $506.98
  • 3 Days on Market
  • MLS # : 2256401
  • Updated Date : 12/19/2020 at 15:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,797 sqft
  • Baths : 1 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

Red Rock Country Club West Gate. This rare Palo Verde Single story home has 4121 Total sq ft including the casita. 12x20 foot Custom disappearing power glass sliding doors by panda doors in living with amazing views of golf course and complete mountain range including Red Rock, 14 foot ceilings, wet bar. Large open kitchen with island, stainless appliances, French doors to side patio. Family room off kitchen feature fireplace and custom disappearing glass sliding doors. Primary bedroom with disappearing sliding glass doors, fireplace, large bath, dual closet. Power shades or shutters throughout. Private courtyard with fireplace, 4 fireplaces in total. Beautiful Pebble Tech pool, fire bowls, custom water features, linear firepit, 3 covered patio areas. Home is powered by solar and system is owned, very little power bill if any, separate solar for pool, built-in BBQ island, air conditioned garage, update energy efficient HVAC systems, rare 4 car garage.

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: Red Rock Country Club at Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $119k1065k

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

Neighborhood: Red Rock Country Club at Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10764918

* 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
Judy And John Goolsby Elementary School Primary Regular 807 42 10
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Palo Verde High School High Regular 3,024 114 9

Judy And John Goolsby Elementary School

  • Education Level: Primary
  • # of students: 807
  • # of teachers: 42
10
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$1,732,500$2,117,500$1,925,000

PURCHASE PRICE

$5,094$6,226$5,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,660
EXPENSES Loan Payment -$7,102
Property Tax -$925
Property Insurance -$101
Property Management Fees -$119
CASH FLOW
-$2,587

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.

$1,925,000

PROJECTED PRICE

$5,660

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.75%
Appreciation Year (1-5) 4.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$40k-$30k-$20k-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$515,875

INVESTMENT

$515,875

Down Payment
$481,250
Rehab Estimate
$5,750
Closing Costs
$28,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$7,102

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $481,250
Loan Amount $1,443,750
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$3,416

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,660

    LIST RENT
  • $1.49

    LIST RENT PER SQFT
  • $3,227

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,2003$5,660
$5,660
RENT COMPS ANALYSIS
  • 2393 Calico Creek Court Las Vegas, NV 3
    • 3 beds 2 baths ∙ 3,797 Sqft ∙ Built 2000 3 beds 2 baths ∙ 3,797 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $5,660
    • $1.49
    •  
  • 3294 Mission Creek Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,455 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,455 Sqft ∙ Built 2002
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.84
    •  
  • 3574 Bryson Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,710 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,710 Sqft ∙ Built 2001
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.86
    •  
PROPERTY LISTING DETAILS
Doug W Thompson
1.702.378.8231
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256401
Last Updated: 12/19/2020
BESbswy