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5108 Amethyst Creek Court Las Vegas, NV 89131

3 Beds 3 Baths 2,170 sqft Built 2002

$347,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $159.91
  • 3 Days on Market
  • MLS # : 2279863
  • Updated Date : 03/20/2021 at 20:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,170 sqft
  • Baths : 2 full , 1 half
Listing Agent

24 Karat Realty

Listing Agent's Description

OPEN *SPACIOUS* UPGRADED SMART HOME! HIGH END PULTE CONSTRUCTION. EXTREMELY WELL MAINTAINED & SPOTLESS CLEAN! NEWLY REFINISHED KITCHEN CABINETS W/ SOFT CLOSE DOORS. *ALL NEW* HIGH END SAMSUNG STAINLESS STEEL APPLIANCES, ALL INCLUDED! OVEN FEATURES BUILT-IN AIR FRYER. BUTCHER BLOCK ISLAND. ALL FLOORING IS LAMINATE EXCEPT CARPET ON STAIRS FOR SAFETY, MUCH OF THE FLOORING IS NEW. UPGRADED BACKYARD W/ HUGE COVERED PATIO, PAVER FLOORING, LARGE BUILT IN 4 BURNER NATURAL GAS BBQ + SECOND 2 BURNER BBQ + OUTDOOR COOLER. SMART FEATURES INCLUDE RING DOORBELL PRO, KEYWE FRONT DOOR LOCK, 2 NEST LEARNING THERMOSTATS (ONE UP, ONE DOWN, BOTH A/C UNITS WELL MAINTAINED), NEST PROTECT SMOKE DETECTOR, MyQ SMART GARAGE DOOR OPENER & RACHIO 16 ZONE 2ND GENERATION IRRIGATION CLOCK. CAT 5 WIRED! 3 SKYLIGHTS FOR AWESOME LIGHTING. UPGRADED LIGHTING T/O THE HOME W/ LED LIGHTING IN KITCHEN. SURROUND SOUND SPEAKERS IN FAMILY ROOM W/ PREWIRE IN PRIMARY BED. MULTIPLE STORAGE/LINEN CLOSETS + LARGE STORAGE IN GARAGE.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Diamond Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k316k

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

Neighborhood: Diamond Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9861606

* 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
Howard Heckethorn Elementary School Primary Regular 657 35 7
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Howard Heckethorn Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 35
7
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$312,300$381,700$347,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,205
Property Tax -$250
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
$37

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.

$347,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.5%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,705

INVESTMENT

$97,705

Down Payment
$86,750
Rehab Estimate
$5,750
Closing Costs
$5,205

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,205

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,750
Loan Amount $260,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$25,319

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,801

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,7003$1,8954$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 5108 Amethyst Creek Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.77
    •  
  • 5008 Soaring Springs Avenue North Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2002
    property image
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.79
    •  
  • 7633 Rainbow Cove Drive Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,225 Sqft ∙ Built 2002
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.85
    •  
  • 7541 Splashing Rock Drive Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,332 Sqft ∙ Built 2001
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 5422 Basset Hound Avenue Las Vegas, NV 5
    • 3 beds 2 baths ∙ 2,306 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,306 Sqft ∙ Built 2000
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
PROPERTY LISTING DETAILS
Ethan A Grant
1.702.682.0215
24 Karat Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279863
Last Updated: 03/20/2021
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