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3708 Hillary Elan Court Las Vegas, NV 89139

4 Beds 4 Baths 3,658 sqft Built 2007

$1,050,000

List Price

$3,100

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $287.04
  • 5 Days on Market
  • MLS # : 2274576
  • Updated Date : 03/03/2021 at 21:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,658 sqft
  • Baths : 3 full , 1 half
Listing Agent

All Vegas Valley Realty

Listing Agent's Description

METICULOUS attention to Quality & Detail. All single story, gated community, close to Strip, Stadiums & Airport. From the Handcrafted front door to the private backyard this home will impress. Nearly 4,100 sq ft, 5 bedrooms, 4.5 baths, split 3 vehicle garage, free standing rear-yard CASITA, .35 acre parcel. RELAX & ENJOY POOL/SPA/Outdoor Kitchen/BBQ, Extended Covered patio, hand laid paver decking. Smart Home Security, Systems & Audio by Acoustic Design. Custom Crafted Entertainment Center, TRX Sound system inside & out. FABLUOUS KITCHEN boasts commercial grade Viking appliances, double ovens refrigerator/freezer, 6 burner gas cooktop, Huge Island-dining counter. slab granite counter tops, Italian tile backsplash, extended cabinetry w/leaded glass doors, crown finishes. Walk in pantry. Private Owner's Suite - custom walk in wardrobe closet, mirrored door, sitting room, two-way fireplace. ALL EnSuite Bedrooms with organized walk in closets. + Office/Study. Tankless Water Heater & MORE

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Dennis Ortwein Elementary School Primary Unknown NA
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Dennis Ortwein Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$945,000$1,155,000$1,050,000

PURCHASE PRICE

$2,790$3,410$3,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,100
EXPENSES Loan Payment -$3,647
Property Tax -$625
Property Insurance -$98
Property Management Fees -$119
CASH FLOW
-$1,389

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.

$1,050,000

PROJECTED PRICE

$3,100

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$284,000

INVESTMENT

$284,000

Down Payment
$262,500
Rehab Estimate
$5,750
Closing Costs
$15,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,647

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $262,500
Loan Amount $787,500
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$449

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,100

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,716

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5953$2,7994$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 3708 Hillary Elan Court Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,658 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,658 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.85
    •  
  • 8407 Mondavi Hill Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,419 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,419 Sqft ∙ Built 2006
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.72
    •  
  • 8406 Mondavi Hill Court Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,558 Sqft ∙ Built 2006 5 beds 2 baths ∙ 3,558 Sqft ∙ Built 2006
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.73
    •  
  • 5750 Stoneheath Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,672 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,672 Sqft ∙ Built 2013
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,799
    • $0.76
    •  
  • 9668 Matanzas Creek Court Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,952 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,952 Sqft ∙ Built 2013
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.76
    •  
PROPERTY LISTING DETAILS
Cameron Deangelo
1.702.496.2121
All Vegas Valley Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2274576
Last Updated: 03/03/2021
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