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61 Chateau Whistler Court Las Vegas, NV 89148

3 Beds 3 Baths 2,922 sqft Built 2001

$748,888

List Price

$2,610

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $256.29
  • 2 Days on Market
  • MLS # : 2253474
  • Updated Date : 12/05/2020 at 13:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,922 sqft
  • Baths : 2 full , 1 half
Listing Agent

Kingsgate Real Estate Ltd

Listing Agent's Description

This is one of the absolute nicest properties you'll find in the desirable Rhodes Ranch community! Customization and uniqueness throughout make this nearly 3,000 sq ft single story a dream home! The curb appeal from the front yard displays magnificently mature landscaping wrapped around an ample courtyard area. The show-stopping second hole of Rhodes Ranch golf course displays brilliantly from either the vastly open great room, or from the private pool/spa combo in the backyard oasis. From Rolladen shutters throughout, to dual custom walk-in primary closets, to the newly remodeled kitchen, back to the Kohler smart jetted tub and separate walk-in shower/steamer in the primary bathroom, one can tell that this former designer homeowner has shown meticulous care. Rhodes Ranch community boasts such amenities as multiple walking trails, parks, community facilities, golf, locale next to shopping, dining, etc; the list of area offerings is infinite.

SEE MORE

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: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Don And Dee Snyder 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

Don And Dee Snyder 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
 

$673,999$823,777$748,888

PURCHASE PRICE

$2,349$2,871$2,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,610
EXPENSES Loan Payment -$2,763
Property Tax -$469
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
-$825

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.

$748,888

PROJECTED PRICE

$2,610

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$204,205

INVESTMENT

$204,205

Down Payment
$187,222
Rehab Estimate
$5,750
Closing Costs
$11,233

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,222
Loan Amount $561,666
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,498

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,610

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,192

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0953$2,1504$2,3955$2,610
$2,610
RENT COMPS ANALYSIS
  • 61 Chateau Whistler Court Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,922 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,922 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,610
    • $0.89
    •  
  • 418 First On Drive #n/a Las Vegas, NV 1
    • 4 beds 4 baths ∙ 2,781 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,781 Sqft ∙ Built 2005
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
  • 321 Angels Trace Court #0 Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,908 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,908 Sqft ∙ Built 1998
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.72
    •  
  • 165 Marco Island Street Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,953 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,953 Sqft ∙ Built 2000
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.73
    •  
  • 50 Sahalee Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,894 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,894 Sqft ∙ Built 1998
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.83
    •  
PROPERTY LISTING DETAILS
Aaron Jacques
1.702.862.0378
Kingsgate Real Estate Ltd
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2253474
Last Updated: 12/05/2020
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