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3614 Emerald Beach Court Las Vegas, NV 89147

6 Beds 4 Baths 3,941 sqft Built 1992

$524,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $132.96
  • 4 Days on Market
  • MLS # : 2265104
  • Updated Date : 01/30/2021 at 03:00
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,941 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

HOME IN THE SOUTHWEST ON .24 OF ACRE ON PIE SHAPED LOT W/ POOL, SPA, BBQ, AND LOTS OF KOOL DECKING THAT HAS RECENTLY BEEN REFINISHED & RAISED PATIO AREA THAT OPENS FROM THE DINING ROOM*VERY OPEN TRI LEVEL FLOOR PLAN*WOOD AND TILE FLOORS, CARPET ONLY IN BEDROOMS*DESIGNED IN NEUTRAL COLORS*ENTER TO A HUGE LIVING ROOM W/ FIREPLACE THAT OPENS TO A STEP UP FORMAL DINING ROOM*KITCHEN W/ GRANITE COUNTERS, BREAKFAST BAR, NOOK, WOOD FLOORS AND PANTRY*ALL HUGE BEDROOMS*STEP DOWN TO LARGE FAMILY ROOM W/ FIREPLACE & BUILT-IN BAR*DEN ON SAME LEVEL WITH BUILT-IN DESK & CABINETS*ONE BEDROOM DOWNSTAIRS*UPSTAIRS KING SIZE MASTER SUITE W/ SITTING ROOM, WALK-IN CLOST, JETTED TUB, FIREPLACE & ORGAINZED WALK-IN CLOSET*WASHER, DRYER, FRIDGE INCLUDED*

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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: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10381606

* 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
Patricia A Bendorf. Elementary School Primary Regular 707 36 9
Lawrence Junior High School Middle Regular 1,421 61 NA
Spring Valley High School High Regular 1,925 79 4

Patricia A Bendorf. Elementary School

  • Education Level: Primary
  • # of students: 707
  • # of teachers: 36
9
GreatSchools Rating

Lawrence Junior High School

  • Education Level: Middle
  • # of students: 1,421
  • # of teachers: 61
NA
GreatSchools Rating

Spring Valley High School

  • Education Level: High
  • # of students: 1,925
  • # of teachers: 79
4
GreatSchools Rating
 

$471,600$576,400$524,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$1,820
Property Tax -$346
Property Insurance -$103
Property Management Fees -$119
CASH FLOW
$412

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.

$524,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,610

INVESTMENT

$144,610

Down Payment
$131,000
Rehab Estimate
$5,750
Closing Costs
$7,860

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,820

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,000
Loan Amount $393,000
See What Happens When You Reinvest Cash Flow

9.83

YEARS SAVED

$74,759

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,749

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,5753$2,6004$2,8005$2,850
$2,850
RENT COMPS ANALYSIS
  • 3614 Emerald Beach Court Las Vegas, NV 4
    • 6 beds 4 baths ∙ 3,941 Sqft ∙ Built 1992 6 beds 4 baths ∙ 3,941 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.71
    •  
  • 8015 Lapis Harbor Avenue #0 Las Vegas, NV 1
    • 5 beds 2 baths ∙ 3,694 Sqft ∙ Built 2000 5 beds 2 baths ∙ 3,694 Sqft ∙ Built 2000
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.68
    •  
  • 7930 Blue Venice Court Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,694 Sqft ∙ Built 1999 5 beds 2 baths ∙ 3,694 Sqft ∙ Built 1999
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $0.70
    •  
  • 3317 Trickling Stream Circle Las Vegas, NV 3
    • 5 beds 2 baths ∙ 3,999 Sqft ∙ Built 1991 5 beds 2 baths ∙ 3,999 Sqft ∙ Built 1991
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.65
    •  
  • 9522 Gainey Ranch Avenue #. Las Vegas, NV 5
    • 5 beds 4 baths ∙ 3,758 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,758 Sqft ∙ Built 1998
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.76
    •  
PROPERTY LISTING DETAILS
Deborah Primack
1.702.580.8881
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265104
Last Updated: 01/30/2021
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