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2631 Mystere Court Las Vegas, NV 89117

4 Beds 4 Baths 4,217 sqft Built 2009

$998,888

List Price

$3,950

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $236.87
  • 8 Days on Market
  • MLS # : 2268420
  • Updated Date : 02/13/2021 at 04:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,217 sqft
  • Baths : 3 full , 1 half
Listing Agent

Blackridge Luxury

Listing Agent's Description

Modern Luxury at its finest; this NEVER LIVED IN Blue Heron built home features a rooftop deck with a wonderful strip and Mountain View of the Las Vegas valley. 4 Bedroom | 3.5 Bathroom home includes a massive extended lofted area, 21 foot ceilings and a spacious backyard pool is only the beginning of the wonderful amenities for you to enjoy. Enjoy the spacious kitchen with stainless steel appliances that have never been used, granite countertops with soft closing cabinets. 24/7 access to public park with private entrance! Schedule your viewing of this home today! *Virtual Tour Link Available*

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: The Lakes-Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k368k

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

Neighborhood: The Lakes-Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10763020

* 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
R. Guild Gray Elementary School Primary Regular 521 24 5
Lawrence Junior High School Middle Regular 1,421 61 NA
Spring Valley High School High Regular 1,925 79 4

R. Guild Gray Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 24
5
GreatSchools Rating

Lawrence Junior High School

  • Education Level: Middle
  • # of students: 1,421
  • # of teachers: 61
NA
GreatSchools Rating

Spring Valley High School

  • Education Level: High
  • # of students: 1,925
  • # of teachers: 79
4
GreatSchools Rating
 

$898,999$1,098,777$998,888

PURCHASE PRICE

$3,555$4,345$3,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,950
EXPENSES Loan Payment -$3,470
Property Tax -$673
Property Insurance -$109
Property Management Fees -$119
CASH FLOW
-$420

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.

$998,888

PROJECTED PRICE

$3,950

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.5%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,455

INVESTMENT

$270,455

Down Payment
$249,722
Rehab Estimate
$5,750
Closing Costs
$14,983

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,470

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,722
Loan Amount $749,166
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$30,596

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,950

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $4,249

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$3,950
1$3,9502$4,0003$4,3004$4,3005$4,800
$4,800
RENT COMPS ANALYSIS
  • 2631 Mystere Court Las Vegas, NV 1
    • 4 beds 4 baths ∙ 4,217 Sqft ∙ Built 2009 4 beds 4 baths ∙ 4,217 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $0.94
    •  
  • 2631 Miller Las Vegas, NV 2
    • 4 beds 4 baths ∙ 4,381 Sqft ∙ Built 1989 4 beds 4 baths ∙ 4,381 Sqft ∙ Built 1989
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.91
    •  
  • 2290 Casa Bella Court Las Vegas, NV 3
    • 4 beds 5 baths ∙ 4,482 Sqft ∙ Built 2003 4 beds 5 baths ∙ 4,482 Sqft ∙ Built 2003
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $0.96
    •  
  • 8113 Gothic Avenue Las Vegas, NV 4
    • 4 beds 5 baths ∙ 4,083 Sqft ∙ Built 1997 4 beds 5 baths ∙ 4,083 Sqft ∙ Built 1997
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.05
    •  
  • 2244 Diamond Bar Drive Las Vegas, NV 5
    • 5 beds 4 baths ∙ 4,337 Sqft ∙ Built 1998 5 beds 4 baths ∙ 4,337 Sqft ∙ Built 1998
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.11
    •  
PROPERTY LISTING DETAILS
Nevin Endy
1.702.524.8787
Blackridge Luxury
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268420
Last Updated: 02/13/2021
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