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3496 Cupecoy Point Avenue Las Vegas, NV 89141

5 Beds 3 Baths 2,300 sqft Built 2004

INVESTimate

$399,990

List Price

$1,790

$1,611 - $1,969

Rent Est.

$431,789  ( +7.95%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $173.91
  • 8 Days on Market
  • MLS # : 2223258
  • Updated Date : 08/25/2020 at 10:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,300 sqft
  • Baths : 3 full
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

ABSOLUTELY BEAUTIFUL AND UNIQUE 2 STORY 5 BEDROOM HOME HOME IN GATED SOUTHERN HIGHLANDS COMMUNITY!*LARGE LOT*COVERED FRONT PORCH WITH DOUBLE FRENCH FRONT DOORS*UPGRADED FLOORING DOWNSTAIRS*RAISED KITCHEN AND DINING AREA OVERLOOKS LARGE FAMILY ROOM*CHEF'S STYLE OPEN KITCHEN, WITH ISLAND, AND GRANITE COUNTERTOPS* FAMILY ROOM HAS A FULL BATHROOM*SEPERATE LAUNDRY ROOM*STUNNING BACKYARD COMPLETE WITH CUSTOM FIREPIT.

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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: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k410k

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

Neighborhood: Southern Highlands

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
Evelyn Stuckey Elementary School Primary Regular 949 46 8
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Evelyn Stuckey Elementary School

  • Education Level: Primary
  • # of students: 949
  • # of teachers: 46
8
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$359,991$439,989$399,990

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,476
Property Tax -$257
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
-$133

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.

$399,990

PROJECTED PRICE

$1,790

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.95%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,747

INVESTMENT

$111,747

Down Payment
$99,998
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,998
Loan Amount $299,993
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$19,904

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,834

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,7904$1,8255$2,000
$2,000
RENT COMPS ANALYSIS
  • 3496 Cupecoy Point Avenue Las Vegas, NV 3
    • 5 beds 3 baths ∙ 2,300 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,300 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.78
    •  
  • 11240 Arcangelo Court #na Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,320 Sqft ∙ Built 2003
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.71
    •  
  • 11235 Fiesole Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2004
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.82
    •  
  • 3289 Alcudia Bay Avenue Las Vegas, NV 4
    • 5 beds 4 baths ∙ 2,300 Sqft ∙ Built 2004 5 beds 4 baths ∙ 2,300 Sqft ∙ Built 2004
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.79
    •  
  • 3551 Eureka Coast Way Las Vegas, NV 5
    • 5 beds 4 baths ∙ 2,301 Sqft ∙ Built 2004 5 beds 4 baths ∙ 2,301 Sqft ∙ Built 2004
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
PROPERTY LISTING DETAILS
Noah F Herrera
1.702.371.2272
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223258
Last Updated: 08/25/2020
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