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5645 Coe Estates Court Las Vegas, NV 89149

3 Beds 3 Baths 3,253 sqft Built 2004

$775,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $238.24
  • 3 Days on Market
  • MLS # : 2269941
  • Updated Date : 02/13/2021 at 23:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,253 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sunrise Real Estate

Listing Agent's Description

Spectacular CUSTOM HOME, Single Story on a 1/2 ACRE LOT in a gated community of only 8 Homes. Upgrades include Tile Flooring with some Medallions, Plantation Shutters through-out, Granite Counter Tops, Stainless Appliances, 12 & 14ft ceilings, Built-in Entertainment center with a flat screen that stays with all the hook ups. Office/Den w/large built-in corner desk unit (could be a 4th bedroom w/a closet) & French Doors. Front & Rear triple locking Screen security doors. RV PARKING, WITH HOT & COLD WATER HOOKS UPS, CLEANOUT DRAIN & 50 Amp Serv. Panel. Pebble Tech POOL/SPA with an "IN FLOOR CLEANING SYSTEM", LARGE ROCK WATERFALL, with inlays in the pool flooring. BUILT-IN BB-Q ISLAND WITH NATURAL GAS. Beautiful private 1/2 Acre lot with lush landscaping that is peaceful and serene. Master Bedroom is separate from the others. Laundry room has granite counter tops, stainless sink, custom cabinets and is 10x14. Million dollar+ homes being built next door. SO many features YOU MUST SEE IT!!

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: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

NeighborhoodNIR 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
Marshall C. Darnell Elementary School Primary Regular 793 40 6
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Centennial High School High Regular 3,055 124 6

Marshall C. Darnell Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 40
6
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$2,692
Property Tax -$477
Property Insurance -$90
Property Management Fees -$119
CASH FLOW
-$488

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.

$775,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.37%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$14,878

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,939

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8003$2,8904$2,900
$2,900
RENT COMPS ANALYSIS
  • 5645 Coe Estates Court Las Vegas, NV 3
    • 3 beds 3 baths ∙ 3,253 Sqft ∙ Built 2004 3 beds 3 baths ∙ 3,253 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $0.89
    •  
  • 4556 Clay Peak Drive Las Vegas, NV 1
    • 3 beds 3 baths ∙ 3,293 Sqft ∙ Built 1998 3 beds 3 baths ∙ 3,293 Sqft ∙ Built 1998
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.85
    •  
  • 4779 Laurel Canyon Street Las Vegas, NV 2
    • 4 beds 4 baths ∙ 3,048 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,048 Sqft ∙ Built 2002
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.92
    •  
  • 6345 Juliano Road Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,095 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,095 Sqft ∙ Built 1992
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.94
    •  
PROPERTY LISTING DETAILS
Edward L Paliotta
1.702.768.5808
Sunrise Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269941
Last Updated: 02/13/2021
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