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6117 Topaz Valley Avenue 
Las Vegas, NV
89130
3 Beds 3 Baths 2,026 sqft
Built 1995
INVESTimate
$390,000
List Price
$109,100
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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $192.50
- 3 Days on Market
- MLS # : 2224650
- Updated Date : 08/25/2020 at 10:16
CONSTRUCTION
- Beds : 3
- Floor Size : 2,026 sqft
- Baths : 2 full , 1 half
Listing Agent
Dh Capital Realty
Listing Agent's Description
RECENT REMODELED & BEAUTIFUL HOME IN THE NORTHWEST!!! SPACIOUS CORNER LOT, 3 BEDROOMS, 1 LOFT, 3 BATHROOMS, **SPACIOUS CORNER LOT** FULL OF MATURE TREES, HAS GRANITE IN KITCHEN COUNTER TOPS, CERAMIC NEW STYLE TILE, PLANTATION SHUTTERS, LOFT THAT BE CONVERTED IN 4 BEDROOM, 3 CAR GARAGES, FIREPLACE IN DEN, FRONT LANDSCAPING.
SEE MORE
- 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: Copper Crest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Copper Crest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$1,439 |
| Property Tax | -$237 | |
| Property Insurance | -$66 | |
| HOA | -$24 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$315
|
||
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.
$390,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.07% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$109,100
LOAN DETAILS
$1,439
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,500 |
| Loan Amount | $292,500 |
2.08
YEARS SAVED
$6,279
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,616
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
6117 Topaz Valley Avenue Las Vegas, NV 1
- 3 beds 3 baths ∙ 2,026 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,026 Sqft ∙ Built 1995
![property image]()
- Rent
- Rent Per SQFT
- $0
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5404 Lochmor Avenue #0 Las Vegas, NV 2
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LEASED 11/05/19- Rent
- Rent Per SQFT
- $1,500
- $0.75
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5413 Rusty Anchor Court #0 Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,915 Sqft ∙ Built 1994
![property image]()
LEASED 11/19/19- Rent
- Rent Per SQFT
- $1,550
- $0.81
-
5712 Tropic Mist Street Las Vegas, NV 4
- 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 1996
![property image]()
LEASED 05/30/20- Rent
- Rent Per SQFT
- $1,550
- $0.77
-
5220 Backwoodsman Avenue Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1999
![property image]()
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,695
- $0.86
PROPERTY LISTING DETAILS
1.702.612.8539
Dh Capital Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224650
Last Updated: 08/25/2020
