Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6005 Andezano Drive Las Vegas, NV 89135

3 Beds 3 Baths 2,564 sqft Built 2017

$744,999

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $290.56
  • 4 Days on Market
  • MLS # : 2247936
  • Updated Date : 11/14/2020 at 03:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,564 sqft
  • Baths : 2 full , 1 half
Listing Agent

Luxe Estates & Lifestyles Llc

Listing Agent's Description

Absolutely stunning designer home in Summerlin South - The Cliffs in the gated Vistara community! This La Vista model features open living areas, quartz waterfall kitchen island, upgraded flooring in every room, tile walls, automatic shades, tinted windows and beautiful custom dual master closets. 6005 Andezano has a covered patio with a multi panel sliding door and a covered balcony on 2nd level with amazing mountain views. Located on one of the largest lots in The Cliffs!

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: Summerlin South

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $119k441k

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

Neighborhood: Summerlin South

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10762311

* 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
Shelley Berkley Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Shelley Berkley Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$670,499$819,499$744,999

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,749
Property Tax -$457
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
-$411

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.

$744,999

PROJECTED PRICE

$2,990

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.2%
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$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$203,175

INVESTMENT

$203,175

Down Payment
$186,250
Rehab Estimate
$5,750
Closing Costs
$11,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,749

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $186,250
Loan Amount $558,749
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$24,103

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,990

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,564

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,4953$2,8004$2,8005$2,990
$2,990
RENT COMPS ANALYSIS
  • 6005 Andezano Drive Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,564 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,564 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $1.17
    •  
  • 10022 Pebble Path Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,495 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,495 Sqft ∙ Built 2003
    LEASED 12/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.84
    •  
  • 10302 Kesington Drive Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 2017
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.02
    •  
  • 10262 Kesington Drive Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,669 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,669 Sqft ∙ Built 2017
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.05
    •  
  • 6000 Andezano Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,564 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,564 Sqft ∙ Built 2017
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.09
    •  
PROPERTY LISTING DETAILS
Derek Hoskins
1.702.351.4721
Luxe Estates & Lifestyles Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247936
Last Updated: 11/14/2020
BESbswy