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2741 Crystal Beach Drive Las Vegas, NV 89128

4 Beds 2 Baths 2,801 sqft Built 1989

$795,000

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $283.83
  • 5 Days on Market
  • MLS # : 2244578
  • Updated Date : 11/04/2020 at 08:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,801 sqft
  • Baths : 2 full
Listing Agent

Lusso Residential Sales & Inv

Listing Agent's Description

Incredible opportunity in this hard to get community. Make everyday feel like a vacation with this beautiful 4 bedroom house on the lake ! Pride of ownership . Unbelievable mountain and water views! Main floor bedroom. Pool/spa are only 5 years old, with all new landscaping. Newer appliances, tankless water heater and softener system, 2 AC units/ furnace also like new installed in 2019. Enjoy your private dock overlooking the water & the sunset over Mt Charleston. The luxury Desert Shores amenities include; boating- fishing- sandy beach- swim lagoon-lakes-community center-restaurants & shops! Don't miss the drone video of this incredible community. Wont Last Long!

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: 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
 

$715,500$874,500$795,000

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$2,933
Property Tax -$419
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
-$1,122

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.

$795,000

PROJECTED PRICE

$2,430

PROJECTED RENT

0.31%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$216,425

INVESTMENT

$216,425

Down Payment
$198,750
Rehab Estimate
$5,750
Closing Costs
$11,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,933

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $198,750
Loan Amount $596,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$460

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,388

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,3903$2,4304$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 2741 Crystal Beach Drive Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,801 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,801 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.87
    •  
  • 2720 Crystal Beach Drive Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,732 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,732 Sqft ∙ Built 1993
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.72
    •  
  • 7629 Delaware Bay Drive Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,663 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,663 Sqft ∙ Built 1989
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.90
    •  
  • 2460 Monarch Bay Drive Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,924 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,924 Sqft ∙ Built 1989
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
  • 7916 Rockbridge Las Vegas, NV 5
    • 3 beds 2 baths ∙ 2,649 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,649 Sqft ∙ Built 1993
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.94
    •  
PROPERTY LISTING DETAILS
Benas Veikalas
1.702.934.5971
Lusso Residential Sales & Inv
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244578
Last Updated: 11/04/2020
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