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2508 Duck Arrow Circle Las Vegas, NV 89106

3 Beds 2 Baths 1,290 sqft Built 1993

$249,500

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $193.41
  • 2 Days on Market
  • MLS # : 2250021
  • Updated Date : 11/21/2020 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,290 sqft
  • Baths : 1 full , 1 half
Listing Agent

Swg Realty Group

Listing Agent's Description

Beautifully Renovated Home at the end of the cul-de-sac enormous lot with pull through RV parking into the backyard! Brand New White shaker cabinets throughout. Vaulted ceiling in living room upon entry. White Quartz countertops throughout. Retiled Master bathroom with Carrara tile and accented shampoo boxes. Open floor plan with tons of natural light! Freshly painted inside and out. New carpet and padding. 5" Modern baseboards throughout. New Shower trim kits, valves, toilets, light fixtures, faucets, door handles. Stainless steel appliances. Desert landscaping in front and back yard. Brand New garage door and opener.

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: West Las Vegas

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $67k296k

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

Neighborhood: West Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29009501000105011001150120012501300135014001450150015501600Rent in $8971603

* 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
Ollie Detwiler Elementary School Primary Regular 733 41 1
West Preparatory Instititute School For Academic Excellence Middle Regular 1,353 64 7
West Preparatory Instititute School For Academic Excellence High Regular 1,353 64 7

Ollie Detwiler Elementary School

  • Education Level: Primary
  • # of students: 733
  • # of teachers: 41
1
GreatSchools Rating

West Preparatory Instititute School For Academic Excellence

  • Education Level: Middle
  • # of students: 1,353
  • # of teachers: 64
7
GreatSchools Rating

West Preparatory Instititute School For Academic Excellence

  • Education Level: High
  • # of students: 1,353
  • # of teachers: 64
7
GreatSchools Rating
 

$224,550$274,450$249,500

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$921
Property Tax -$146
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
$3

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$249,500

PROJECTED PRICE

$1,240

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,868

INVESTMENT

$71,868

Down Payment
$62,375
Rehab Estimate
$5,750
Closing Costs
$3,743

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$921

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,375
Loan Amount $187,125
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$18,019

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,293

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1953$1,2404$1,2505$1,270
$1,270
RENT COMPS ANALYSIS
  • 2508 Duck Arrow Circle Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,290 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.96
    •  
  • 1929 Summerville Street #104 Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,213 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,213 Sqft ∙ Built 1999
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.95
    •  
  • 2501 Sierra Luna Avenue #102 Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,225 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,225 Sqft ∙ Built 1999
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.98
    •  
  • 1928 Hodgenville Street #103 Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,213 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,213 Sqft ∙ Built 1999
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.03
    •  
  • 1921 Summerville Street #102 Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,213 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,213 Sqft ∙ Built 1999
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $1.05
    •  
PROPERTY LISTING DETAILS
Casey Ryan
1.702.824.7270
Swg Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250021
Last Updated: 11/21/2020
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