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2728 Lakecrest Drive Las Vegas, NV 89128

4 Beds 2 Baths 3,742 sqft Built 2002

$925,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $247.19
  • 8 Days on Market
  • MLS # : 2255447
  • Updated Date : 12/17/2020 at 09:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,742 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Welcome to this rare lake front property, Dual master with in-law suite downstairs with its own kitchenette area, HVAC/Heating Systems, living room, dishwasher, garage, washer/dryer hookups. High Ceilings give a majestic look upon entering the home and beautiful winding staircase. House features: Marble floors through out the home**Real wood kitchen cabinets**2 Gas stove**Stainless steel appliances**Energy efficient pool pump/Vacuum robot**Waterfall**220V volts in both garages**Commerical water heater**water softener**Low maintenance front/back yards**high-end security cameras around it**3 separate AC/heaters units**Big wrap balconies upstairs with outstanding lake view**Customs shelves in bedrooms' closets**Downstairs family room surround sound systems**

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: Desert Shores

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Desert Shores

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761945

* 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
Dorothy Eisenberg Elementary School Primary Regular 609 33 6
Ernest Becker Middle School Middle Regular 1,392 56 NA
Cimarron Memorial High School High Regular 2,541 102 3

Dorothy Eisenberg Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 33
6
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Cimarron Memorial High School

  • Education Level: High
  • # of students: 2,541
  • # of teachers: 102
3
GreatSchools Rating
 

$832,500$1,017,500$925,000

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$3,413
Property Tax -$551
Property Insurance -$100
Property Management Fees -$119
CASH FLOW
-$1,473

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.

$925,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.29%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.5%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,413

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$122

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,750

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,416
1$2,4162$2,5953$2,6504$2,7105$2,895
$2,895
RENT COMPS ANALYSIS
  • 2728 Lakecrest Drive Las Vegas, NV 4
    • 4 beds 2 baths ∙ 3,742 Sqft ∙ Built 2002 4 beds 2 baths ∙ 3,742 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $0.72
    •  
  • 8216 Tivoli Cove Drive Las Vegas, NV 1
    • 4 beds 2 baths ∙ 3,698 Sqft ∙ Built 1990 4 beds 2 baths ∙ 3,698 Sqft ∙ Built 1990
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,416
    • $0.65
    •  
  • 8300 Tivoli Cove Drive Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,490 Sqft ∙ Built 1990 5 beds 3 baths ∙ 3,490 Sqft ∙ Built 1990
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.74
    •  
  • 8329 Swan Lake Avenue Las Vegas, NV 3
    • 5 beds 2 baths ∙ 3,698 Sqft ∙ Built 1990 5 beds 2 baths ∙ 3,698 Sqft ∙ Built 1990
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.72
    •  
  • 8237 Tivoli Cove Drive Las Vegas, NV 5
    • 5 beds 2 baths ∙ 3,490 Sqft ∙ Built 1990 5 beds 2 baths ∙ 3,490 Sqft ∙ Built 1990
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.83
    •  
PROPERTY LISTING DETAILS
Zihao Gu
1.702.538.0307
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255447
Last Updated: 12/17/2020
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