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2837 Autumn Haze Lane Las Vegas, NV 89117

3 Beds 1 Baths 1,484 sqft Built 1988

INVESTimate

$295,000

List Price

$1,430

$1,287 - $1,573

Rent Est.

$319,780  ( +8.40%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $198.79
  • 7 Days on Market
  • MLS # : 2223349
  • Updated Date : 08/20/2020 at 18:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,484 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Realty Sw

Listing Agent's Description

Must see this captivating single story home located in the heart of The Lakes community in West Las Vegas adjacent to Summerlin. Vaulted ceilings in the living room with an impeccable fireplace. Tile floor throughout kitchen & dining room. French doors open into the large master bedroom equipped with high ceilings and ceiling fan. Master bathroom includes beautiful walk-in shower! Private patio with custom bar area in the well landscaped backyard. Only 5 mins to Downtown Summerlin, Las Vegas Ballpark & more!

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: The Section Seven

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k377k

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

Neighborhood: The Section Seven

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
D'voree And Hall Ober Elementary School Primary Regular 669 39 8
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Bonanza High School High Regular 2,003 83 3

D'voree And Hall Ober Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 39
8
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,088
Property Tax -$181
Property Insurance -$56
HOA -$77
Property Management Fees -$119
CASH FLOW
-$91

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.

$295,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.40%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,742

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,491

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4953$1,5504$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 2837 Autumn Haze Lane Las Vegas, NV 1
    • 3 beds 1 baths ∙ 1,484 Sqft ∙ Built 1988 3 beds 1 baths ∙ 1,484 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.96
    •  
  • 2832 Autumn Haze Lane Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1988
    property image
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.01
    •  
  • 2808 Willow Wind Court Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,599 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,599 Sqft ∙ Built 1988
    property image
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.97
    •  
  • 10371 Bentley Oaks Avenue #0 Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1998
    property image
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.04
    •  
  • 2821 Autumn Haze Lane Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,599 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,599 Sqft ∙ Built 1988
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
PROPERTY LISTING DETAILS
Devon L Rogers
1.702.328.8281
Keller Williams Realty Sw
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223349
Last Updated: 08/20/2020
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