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5523 Candle Pine Way Las Vegas, NV 89135

4 Beds 3 Baths 2,287 sqft Built 2009

$460,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $201.14
  • 6 Days on Market
  • MLS # : 2268526
  • Updated Date : 02/12/2021 at 02:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,287 sqft
  • Baths : 3 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Absolutely gorgeous South Summerlin home, located in the highly sought after The Mesa's, and is situated on a rare oversized corner lot. This home is part of the phenomenal Ladera community that features 3 parks, including a community pool. Spectacular private courtyard that leads to the front entry. Highly upgraded interior that includes granite counter tops, upgraded cabinets, barn doors, walk in pantry with built in wine storage. Oversized primary bedroom, beautiful primary bathroom with stand alone tub, walk in closets. Large loft with adjacent balcony that features stunning mountain views. Lush exterior landscaping with synthetic turf. Definitely a MUST SEE property!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (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
 

$414,000$506,000$460,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,598
Property Tax -$339
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
-$27

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.

$460,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$27,506

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,093

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,030
1$2,0302$2,0453$2,1004$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 5523 Candle Pine Way Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 10426 Timber Star Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2013
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.88
    •  
  • 10479 Winter Grass Drive Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2007
    LEASED 11/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.86
    •  
  • 10459 Winter Grass Drive Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2007
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.93
    •  
  • 10456 Lyric Arbor Drive #a Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,365 Sqft ∙ Built 2007
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.99
    •  
PROPERTY LISTING DETAILS
Mark K Meyer
1.702.401.5078
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268526
Last Updated: 02/12/2021
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