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4033 Laurel Flat Court Las Vegas, NV 89129

4 Beds 3 Baths 2,988 sqft Built 2001

$440,000

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $147.26
  • 4 Days on Market
  • MLS # : 2259043
  • Updated Date : 01/09/2021 at 20:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,988 sqft
  • Baths : 3 full
Listing Agent

Redfin

Listing Agent's Description

Truly stunning, well maintained NW home, just outside of Summerlin and without the higher HOA Fees! From the moment you enter and are greeted by the warm neutral tones - the pride of ownership is apparent. The kitchen features a generous Chef's island that creates a perfect gathering place across from the family room & includes stainless steel appliances, a sleek custom tile backsplash, granite counters with plenty of storage! Additional Home features include; Strip and Mountain Views * Huge Loft/FLEX space for office, home-schooling, media room etc.* Pool size low maintenance backyard with Patio Cover, Sun Shades, Built-in BBQ *Spacious Master Suite includes a Spa-Like Bathroom and Huge Custom Closet* Water Filtration System* Garage Ceiling Storage*Downstairs Bedroom with Bath*Formal Living/Dining Room* This is truly a one of a kind home! Tour it now!

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: Lone Mountain Heights

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k472k

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

Neighborhood: Lone Mountain Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10762204

* 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
Eileen Conners Elementary School Primary Regular 797 43 8
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Eileen Conners Elementary School

  • Education Level: Primary
  • # of students: 797
  • # of teachers: 43
8
GreatSchools Rating

Justice M E Leavitt Middle School

  • Education Level: Middle
  • # of students: 1,496
  • # of teachers: 64
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$396,000$484,000$440,000

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,528
Property Tax -$336
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
$322

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.

$440,000

PROJECTED PRICE

$2,390

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,350

INVESTMENT

$122,350

Down Payment
$110,000
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,000
Loan Amount $330,000
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$60,040

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,390

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2953$2,3904$2,3955$2,400
$2,400
RENT COMPS ANALYSIS
  • 4033 Laurel Flat Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,988 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,988 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.80
    •  
  • 3517 Kilbarry Court Las Vegas, NV 1
    • 5 beds 4 baths ∙ 2,970 Sqft ∙ Built 1995 5 beds 4 baths ∙ 2,970 Sqft ∙ Built 1995
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.76
    •  
  • 10737 Hunter Mountain Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,884 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,884 Sqft ∙ Built 2003
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.80
    •  
  • 4425 Rockaway Beach Street Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,715 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,715 Sqft ∙ Built 2003
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.88
    •  
  • 10413 Holloway Heights Avenue Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,168 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,168 Sqft ∙ Built 2003
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
PROPERTY LISTING DETAILS
Jennifer L Brockman
1.702.467.0909
Redfin
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259043
Last Updated: 01/09/2021
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