Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2787 Sandyfalls Way Las Vegas, NV 89142

3 Beds 2 Baths 986 sqft Built 1986

$225,000

List Price

$880

$792 - $968

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $228.19
  • 3 Days on Market
  • MLS # : 2246582
  • Updated Date : 11/07/2020 at 18:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 986 sqft
  • Baths : 2 full
Listing Agent

Monticello Realty Llc

Listing Agent's Description

Welcome to your New Home! What a great curb appeal this home has! Featuring beautiful exterior paint, upgraded windows in front of the house with double panels/energy efficient, security doors and security cameras, super lovely home with NO HOA. On the inside you will find beautiful laminate flooring throughout, French doors taking you to the back, Crown molding, Granite countertops in the kitchen, All Stainless Steel Appliances about 1 year old, nice pantry, ceiling fans throughout w lights, fireplace in the living room, nice bright paint, Glass shower doors, both bedrooms closet doors have been upgraded with full length mirror doors. Sellers added blown insulation in the attic and the garage. Tax records shows 3 beds, but 3rd bedroom is actually a den now, you can revert it to a bedroom if needed, or keep it as an office! home has 2 full bathrooms and 2 Car garage. In the back you have a Covered patio with ceiling fans and a 12x20 shed! Fantastic home at a great price!

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: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9591603

* 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
Hal Smith Elementary School Primary Regular 908 48 1
Kathleen And Tim Harney Middle School Middle Regular 1,845 71 NA
Chaparral High School High Regular 2,270 87 3

Hal Smith Elementary School

  • Education Level: Primary
  • # of students: 908
  • # of teachers: 48
1
GreatSchools Rating

Kathleen And Tim Harney Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 71
NA
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,270
  • # of teachers: 87
3
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$792$968$880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $880
EXPENSES Loan Payment -$830
Property Tax -$108
Property Insurance -$46
Property Management Fees -$119
CASH FLOW
-$224

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$225,000

PROJECTED PRICE

$880

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.8%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,983

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $880

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $880

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$880
1$8802$9953$1,0004$1,1005$1,200
$1,200
RENT COMPS ANALYSIS
  • 2787 Sandyfalls Way Las Vegas, NV 1
    • 3 beds 2 baths ∙ 986 Sqft ∙ Built 1986 3 beds 2 baths ∙ 986 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $880
    • $0.89
    •  
  • 2974 Juniper Hills Boulevard #202 Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,074 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,074 Sqft ∙ Built 1987
    property image
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.93
    •  
  • 3150 Comitan Lane Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1982
    property image
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.87
    •  
  • 5655 Sahara Avenue #2012 Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 2001
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.85
    •  
  • 5789 Bayakoa Road Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,307 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,307 Sqft ∙ Built 2006
    property image
    LEASED 07/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.92
    •  
PROPERTY LISTING DETAILS
Liliana Ruiz
1.702.635.1105
Monticello Realty Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246582
Last Updated: 11/07/2020
BESbswy