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5445 Canopy Oak Drive Las Vegas, NV 89135

4 Beds 3 Baths 2,781 sqft Built 2006

$599,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $215.39
  • 8 Days on Market
  • MLS # : 2273643
  • Updated Date : 03/07/2021 at 05:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,781 sqft
  • Baths : 3 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Immaculate home located in South SUMMERLIN! This home is in the perfect location and upgraded throughout! Enter this home to grand design with soaring ceilings and high windows to allow plenty of natural light! The great room features large modern windows and shutters.  Enjoy music and movies with built-in speakers and a sitting area by the fireplace! CHEF'S DREAM KITCHEN boasts beautiful soft close cabinets and slide-out shelving, SLEEK granite counters, 48" commercial-style range and a huge island! 4 spacious BR plus a HOME OFFICE with GORGEOUS built-in cabinets! The primary suite features large windows, built-in speakers, a spa-like bathroom with a free-standing tub, walk-in shower, and custom closets! New modern flooring downstairs and upgraded carpet/padding upstairs! Two large covered patios, great for indoor/outdoor entertaining! The home has no rear neighbor and near Mesa Park, Oakleaf Park, and the community pool!

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: The Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k472k

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

Neighborhood: The Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10762305

* 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
Kathy L. Batterman Elementary School Primary Regular 910 47 9
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Durango High School High Regular 2,302 95 5

Kathy L. Batterman Elementary School

  • Education Level: Primary
  • # of students: 910
  • # of teachers: 47
9
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$2,081
Property Tax -$374
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
-$385

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.

$599,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.7%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,081

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$11,249

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,267

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1953$2,2704$2,2705$2,450
$2,450
RENT COMPS ANALYSIS
  • 5445 Canopy Oak Drive Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,781 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.82
    •  
  • 5404 Nettle Way Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2007
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.83
    •  
  • 5434 Nettle Way Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2008
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.76
    •  
  • 10409 Ashlar Point Way Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,872 Sqft ∙ Built 2009
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.79
    •  
  • 5408 Canopy Oak Drive Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2006
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
PROPERTY LISTING DETAILS
Mina Mai Silva
1.702.907.8811
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2273643
Last Updated: 03/07/2021
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