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2720 Natural Rock Drive Las Vegas, NV 89138

5 Beds 5 Baths 3,901 sqft Built 2018

$1,149,900

List Price

$3,690

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $294.77
  • 7 Days on Market
  • MLS # : 2262517
  • Updated Date : 01/19/2021 at 03:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,901 sqft
  • Baths : 4 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Breathtaking estate nestled in the mountains of the prodigious guard gated community of Reverence! This craftsman style home sits on an oversized corner lot. Enjoy family gatherings in a modern kitchen with double ovens, walk in pantry, soft close cabinets, farmhouse sink and sleek waterfall island. This next-gen floorpan boasts high ceilings throughout, Carrara marble and formal dining including a den. The guest quarters is separated from the owners and is complete with private laundry. The 1st floor boasts white oak engineered hardwood floors. Huge backyard has cool technology turf, 10 degrees cooler than normal turf. The clubhouse includes resort style amenities such as a spa overlooking the strip, main pool, lap pool, state-of-the-art-fitness center, tennis court, private hiking, walking trails and more. Reverence enjoys a setting along the border of Red Rock Canyon so no future development can build west ensuring your mountain views remain uninterrupted.

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

Zip Code: 89138

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k476k

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

Zip Code: 89138

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10762575

* 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
 

$1,034,910$1,264,890$1,149,900

PURCHASE PRICE

$3,321$4,059$3,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,690
EXPENSES Loan Payment -$3,994
Property Tax -$805
Property Insurance -$103
Property Management Fees -$119
CASH FLOW
-$1,331

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.

$1,149,900

PROJECTED PRICE

$3,690

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.1%
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$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

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$310,474

INVESTMENT

$310,474

Down Payment
$287,475
Rehab Estimate
$5,750
Closing Costs
$17,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,994

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $287,475
Loan Amount $862,425
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,764

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,690

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $3,784

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,6903$3,9954$4,700
$4,700
RENT COMPS ANALYSIS
  • 2720 Natural Rock Drive Las Vegas, NV 2
    • 5 beds 5 baths ∙ 3,901 Sqft ∙ Built 2018 5 beds 5 baths ∙ 3,901 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $0.95
    •  
  • 3217 Bishop Pine Street Las Vegas, NV 1
    • 6 beds 3 baths ∙ 3,895 Sqft ∙ Built 2001 6 beds 3 baths ∙ 3,895 Sqft ∙ Built 2001
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.73
    •  
  • 1528 Pine Leaf Drive Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,720 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,720 Sqft ∙ Built 2001
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,995
    • $1.07
    •  
  • 1108 Emerald Tint Las Vegas, NV 4
    • 4 beds 3 baths ∙ 4,229 Sqft ∙ Built 2001 4 beds 3 baths ∙ 4,229 Sqft ∙ Built 2001
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.11
    •  
PROPERTY LISTING DETAILS
Latoya P Rowell
1.702.338.8494
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262517
Last Updated: 01/19/2021
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