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2820 Linkview Drive Las Vegas, NV 89134

2 Beds 2 Baths 1,349 sqft Built 1989

INVESTimate

$269,000

List Price

$1,340

$1,206 - $1,474

Rent Est.

$293,345  ( +9.05%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1989
  • Price/Sqft : $199.41
  • 9 Days on Market
  • MLS # : 2223386
  • Updated Date : 08/25/2020 at 15:36
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,349 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Beautiful location on popular, tree-lined street! Courtyard entrance, new carpet & paint, 2 bed/2 bath townhome with lovely covered patio. Enjoy a spacious living room, separate kitchen with breakfast nook overlooking the front, two bedrooms and 2 car garage with storage cabinet. Sun City Summerlin offers three 18-hole golf courses, four fitness centers, Olympic sized and resort style pools, classes, game rooms and more! Buyers must pay a one time $1,749 NORA fee to the HOA upon closing.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sun City Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k328k

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

Neighborhood: Sun City Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100115012001250130013501400145015001550160016501700Rent in $10671706

* 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
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$992
Property Tax -$158
Property Insurance -$53
HOA -$250
Property Management Fees -$119
CASH FLOW
-$233

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.

$269,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.05%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,625

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,349

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2753$1,3004$1,3405$1,375
$1,375
RENT COMPS ANALYSIS
  • 2820 Linkview Drive Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,349 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,349 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.99
    •  
  • 8448 Indigo Sky Avenue Las Vegas, NV 1
    • 2 beds 3 baths ∙ 1,280 Sqft ∙ Built 1999 2 beds 3 baths ∙ 1,280 Sqft ∙ Built 1999
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.98
    •  
  • 8412 Indigo Sky Avenue Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,281 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,281 Sqft ∙ Built 1999
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.00
    •  
  • 3431 Martin Hall Drive Las Vegas, NV 3
    • 2 beds 3 baths ∙ 1,281 Sqft ∙ Built 1995 2 beds 3 baths ∙ 1,281 Sqft ∙ Built 1995
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.01
    •  
  • 2420 Desert Butte Drive Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,359 Sqft ∙ Built 1991 2 beds 2 baths ∙ 1,359 Sqft ∙ Built 1991
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.01
    •  
PROPERTY LISTING DETAILS
Susan D Perry
1.702.234.5776
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223386
Last Updated: 08/25/2020
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