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6114 Amber View Street Las Vegas, NV 89135

4 Beds 4 Baths 3,309 sqft Built 2018

$1,024,888

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $309.73
  • 3 Days on Market
  • MLS # : 2280096
  • Updated Date : 03/20/2021 at 20:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,309 sqft
  • Baths : 3 full , 1 half
Listing Agent

Evolve Realty

Listing Agent's Description

Stunning Modern Open Concept Home in Luxurious Gated Community of The Cliffs in Summerlin. Chef-Style Gourmet Kitchen, Stainless Appliances, Bright Living Space w/ Vaulted Ceilings, Luxury tile, vinyl, and carpet, Custom window coverings Great Master Suite w/Gym. 3 Piece Sliders leading to Awesome Sparkling Saltwater Pool, Oversized Patio/Balcony, Breathtaking Views of Strip, City, Mtn & Greenbelt/Community Trail. MOVE-IN READY Make this one your home today!

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: 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
 

$922,399$1,127,377$1,024,888

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$3,560
Property Tax -$600
Property Insurance -$91
Property Management Fees -$119
CASH FLOW
-$1,600

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.

$1,024,888

PROJECTED PRICE

$2,770

PROJECTED RENT

0.27%

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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$277,345

INVESTMENT

$277,345

Down Payment
$256,222
Rehab Estimate
$5,750
Closing Costs
$15,373

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $256,222
Loan Amount $768,666
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$104

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,465

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,4003$2,4504$2,6505$2,770
$2,770
RENT COMPS ANALYSIS
  • 6114 Amber View Street Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.84
    •  
  • 9566 Rolling Thunder Avenue #9566 Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2005
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.68
    •  
  • 9661 Grouse Grove Avenue Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2003
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.74
    •  
  • 5545 Chicory Falls Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,110 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,110 Sqft ∙ Built 2002
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.79
    •  
  • 5349 Misty Acres Las Vegas, NV 4
    • 4 beds 2 baths ∙ 3,450 Sqft ∙ Built 2003 4 beds 2 baths ∙ 3,450 Sqft ∙ Built 2003
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.77
    •  
PROPERTY LISTING DETAILS
Aristeo J Ramos
1.702.588.4800
Evolve Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2280096
Last Updated: 03/20/2021
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