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3208 Sabrina Court Las Vegas, NV 89117

3 Beds 2 Baths 1,789 sqft Built 1989

$345,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $192.85
  • 5 Days on Market
  • MLS # : 2244822
  • Updated Date : 11/04/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,789 sqft
  • Baths : 2 full
Listing Agent

Terra West Management Services

Listing Agent's Description

The Lakes! Lovely single story with a spacious floor plan. Interior features high ceiling, living room with dual fireplace, kitchen with breakfast bar, ceiling fans, mirrored closet doors, neutral colors throughout and all appliances sold in "as is" condition. Patio in rear with mature landscaping!

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: 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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,273
Property Tax -$218
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
-$12

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.

$345,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.4%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$26,815

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,664

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5303$1,6004$1,6255$1,660
$1,660
RENT COMPS ANALYSIS
  • 3208 Sabrina Court Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.93
    •  
  • 9725 Horizon Hills Drive #0 Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1990
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.84
    •  
  • 9516 Wooden Pier Way Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,609 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,609 Sqft ∙ Built 1989
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.95
    •  
  • 9828 Russett Wood Circle Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,614 Sqft ∙ Built 1989
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
  • 9536 Wooden Pier Way Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 1989
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.94
    •  
PROPERTY LISTING DETAILS
Tammy Burns
1.702.265.8700
Terra West Management Services
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244822
Last Updated: 11/04/2020
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