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4658 Maxwell Peak Court Las Vegas, NV 89139

4 Beds 3 Baths 2,056 sqft Built 2004

$395,999

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $192.61
  • 2 Days on Market
  • MLS # : 2255339
  • Updated Date : 12/12/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,056 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Advantage

Listing Agent's Description

BEAUTIFUL 4 BED. 3 BATH 3 CAR GARAGE IN THE DESIRABLE SOUTHWEST AREA ** VAULTED CEILING** TOTAL REMODELED ** NEW FLOOR, TILES AND CARPET** NEW STAINLESS STEEL APPLIANCES** NEW WASH & DRYER MACHINES** ISLAND** NEW PAINT** CEILING FANS IN EVERY ROOM** GORGEOUS LANDCASPING FRONT AND LOW MAINTANCE IN THE BACKYARD **SPARKLING POOL AND SPA **COVER PATIO NEAR** TO COMMERCIAL CENTER** FREEWAYS ....AND MORE....*****

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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: 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
 

$356,399$435,599$395,999

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,461
Property Tax -$270
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$197

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.

$395,999

PROJECTED PRICE

$1,720

PROJECTED RENT

0.43%

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$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,690

INVESTMENT

$110,690

Down Payment
$99,000
Rehab Estimate
$5,750
Closing Costs
$5,940

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,461

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,000
Loan Amount $296,999
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$14,484

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,686

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,6504$1,6505$1,720
$1,720
RENT COMPS ANALYSIS
  • 4658 Maxwell Peak Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,056 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.84
    •  
  • 8812 Palm Creek Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,976 Sqft ∙ Built 2004
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
  • 4764 Portola Vista Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,986 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,986 Sqft ∙ Built 2005
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.81
    •  
  • 8915 Alexander Great Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,996 Sqft ∙ Built 2013
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.83
    •  
  • 8659 Grand Sequoia Street Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,986 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,986 Sqft ∙ Built 2005
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.83
    •  
PROPERTY LISTING DETAILS
Sonia S Passalacqua
1.702.480.4984
Re/max Advantage
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255339
Last Updated: 12/12/2020
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