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263 Willow Pond Court Las Vegas, NV 89148

4 Beds 3 Baths 2,759 sqft Built 2002

$477,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $172.89
  • 5 Days on Market
  • MLS # : 2259711
  • Updated Date : 01/07/2021 at 01:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,759 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

A PRISTINE 4 BEDROOM WITH A POOL ON A CONNER LOT IN RHODES RANCH! Enjoy the comfort and security of the GARUD GATED Rhodes Ranch Community while living in this well manicured home. New hardwood flooring and carpet, ISLAND KITCHEN, HUGE WALK-IN PANTREY. Upstairs loft, large master bedroom with HUGE WALK-IN CLOSET. Fully enclosed backyard with POOL/SPA/SLIDE and 2 AIRCONDITIONED STORAGE UNITS.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Don And Dee Snyder Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Don And Dee Snyder Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$429,300$524,700$477,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,657
Property Tax -$315
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
$228

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.

$477,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,155

INVESTMENT

$132,155

Down Payment
$119,250
Rehab Estimate
$5,750
Closing Costs
$7,155

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,250
Loan Amount $357,750
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$52,914

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,442

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,3953$2,4004$2,5405$2,650
$2,650
RENT COMPS ANALYSIS
  • 263 Willow Pond Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,759 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,759 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.87
    •  
  • 277 Lakewood Garden Drive Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 1999
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
  • 50 Sahalee Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,894 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,894 Sqft ∙ Built 1998
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.83
    •  
  • 190 Flying Hills Avenue Las Vegas, NV 4
    • 4 beds 4 baths ∙ 2,780 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,780 Sqft ∙ Built 2003
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.91
    •  
  • 284 Harpers Ferry Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 2001
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.90
    •  
PROPERTY LISTING DETAILS
Byron R Rae
1.520.241.1709
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259711
Last Updated: 01/07/2021
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