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4505 Eagle Nest Peak Street Las Vegas, NV 89129

5 Beds 3 Baths 3,672 sqft Built 2018

$639,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $174.02
  • 7 Days on Market
  • MLS # : 2276717
  • Updated Date : 03/12/2021 at 15:52
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,672 sqft
  • Baths : 3 full
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

Location and Views add to this homes already desired appeal! This home is like new and is absolutely gorgeous! Home features 5 bedroom 3 bathrooms, with one full bed/bath downstairs, private den with custom barn door, open floorplan, amazing walk in pantry, large 3 car garage, Las Vegas Strip views from upstairs and backyard, huge oversized lot with custom sitting area to take in the views, includes side yard dog run, large upstairs loft with unobstructed Las Vegas Strip views, large master bedroom with two separate walk in closets one with laundry room entrance, oversized walk in shower, recessed lighting throughout, upgraded insulation and carpet padding... plus more! Yard feels even bigger than it already is since there is only one neighbor to the side. This home is gorgeous and ready for the most discerning buyers! A Must See!

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

Zip Code: 89129

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Zip Code: 89129

ZipNIR 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
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
 

$575,100$702,900$639,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,219
Property Tax -$503
Property Insurance -$98
Property Management Fees -$119
CASH FLOW
-$200

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.

$639,000

PROJECTED PRICE

$2,740

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,085

INVESTMENT

$175,085

Down Payment
$159,750
Rehab Estimate
$5,750
Closing Costs
$9,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,219

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $159,750
Loan Amount $479,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$24,613

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,873

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,425
1$2,4252$2,7403$2,7504$2,8755$2,900
$2,900
RENT COMPS ANALYSIS
  • 4505 Eagle Nest Peak Street Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,672 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,672 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $0.75
    •  
  • 10705 Cliff Mountain Avenue Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,405 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,405 Sqft ∙ Built 2003
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $0.71
    •  
  • 4046 Laurel Flat Court Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 2001
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.82
    •  
  • 10777 Marathon Bell Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,575 Sqft ∙ Built 2019 4 beds 3 baths ∙ 3,575 Sqft ∙ Built 2019
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $0.80
    •  
  • 10432 Holloway Heights Avenue Las Vegas, NV 5
    • 4 beds 2 baths ∙ 3,610 Sqft ∙ Built 2003 4 beds 2 baths ∙ 3,610 Sqft ∙ Built 2003
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.80
    •  
PROPERTY LISTING DETAILS
Giovanna R Piccoli
1.702.595.6729
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2276717
Last Updated: 03/12/2021
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