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2811 Queens Courtyard Drive Las Vegas, NV 89109

3 Beds 3 Baths 2,055 sqft Built 1982

$449,900

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $218.93
  • 4 Days on Market
  • MLS # : 2247895
  • Updated Date : 11/14/2020 at 14:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,055 sqft
  • Baths : 2 full , 1 half
Listing Agent

Vegas One Realty

Listing Agent's Description

BEAUTIFUL HOUSE ON THE GOLF COURSE! QUIET ENCLAVE CUSTOM HOMES. PRIVATE GATE ONTO 12TH GREEN. SPECTACULAR VU'S OVR FAIRWAYS & STRIP RESORTS. PHANNMINAL MARBLE FLOORS . ENTERTAINR'S ROCK FIRELACED 26 X19 LIVING ROOM OPENS TO HUGE "PARTY PATIOS" . SUPER LANDSCAPD YARD. GOURMET CHEFS KITCHN W GRANITE TOPS .15 X12 FAMILY. FORMAL DINING ROOM. MASSIVE MASTER BEDRM WITH GIANT BATHROOM & KING-SIZE WALK-IN CLOSETS . WON'T LAST....MUST SEE...

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

Neighborhood: Winchester

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $80k296k

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

Neighborhood: Winchester

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
John S. Park Elementary School Primary Regular 852 46 3
John C. Fremont Middle School Middle Regular 873 41 NA
Valley High School High Magnet 2,826 123 2

John S. Park Elementary School

  • Education Level: Primary
  • # of students: 852
  • # of teachers: 46
3
GreatSchools Rating

John C. Fremont Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 41
NA
GreatSchools Rating

Valley High School

  • Education Level: High
  • # of students: 2,826
  • # of teachers: 123
2
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,660
Property Tax -$253
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$59

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.

$449,900

PROJECTED PRICE

$2,040

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 10.1%
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$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$26,743

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,824

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7953$1,9954$2,0005$2,040
$2,040
RENT COMPS ANALYSIS
  • 2811 Queens Courtyard Drive Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,055 Sqft ∙ Built 1982 3 beds 3 baths ∙ 2,055 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.99
    •  
  • 850 Tam O Shanter Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,956 Sqft ∙ Built 1969 3 beds 3 baths ∙ 1,956 Sqft ∙ Built 1969
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.87
    •  
  • 658 Tam O Shanter Las Vegas, NV 2
    • 3 beds 2 baths ∙ 2,160 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,160 Sqft ∙ Built 1969
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.83
    •  
  • 861 Vegas Valley Drive Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,256 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,256 Sqft ∙ Built 1988
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.88
    •  
  • 1125 Vegas Valley Drive Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,067 Sqft ∙ Built 1970 3 beds 3 baths ∙ 2,067 Sqft ∙ Built 1970
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
PROPERTY LISTING DETAILS
Arik Shina
1.702.604.3435
Vegas One Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247895
Last Updated: 11/14/2020
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