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6151 Canter Glen Avenue Las Vegas, NV 89122

2 Beds 2 Baths 1,570 sqft Built 2007

$292,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $185.99
  • 3 Days on Market
  • MLS # : 2250071
  • Updated Date : 11/27/2020 at 06:44
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,570 sqft
  • Baths : 2 full
Listing Agent

Homesmart Encore

Listing Agent's Description

Gorgeous Home in Very Desirable 55+ Community of Solera inside of the master planned community of Stallion Mountain! This home has one of the most desirable floorplans featuring 2 Bedrooms plus den which could be converted into a 3rd bedroom. Beautiful kitchen with granite countertops and stainless steel appliances opens to the spacious living room. Tile flooring throughout except in bedrooms. Enormous Walk in closet in master bedroom has to be seen to be believed! Plantation shutters complete the look of this beautiful and hard to find home. Move in ready and in excellent condition with newer A/C and Hot Water Heater. Enjoy all the amenities this 55+ community has to offer such as a gorgeous clubhouse pool, spa, bocce ball exercise room, tennis courts, golf course and more. Check out the fun activity calendar. You will love this home! Sure to go fast - schedule a showing 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: Stallion Montain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k306k

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

Neighborhood: Stallion Montain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10071606

* 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
Cynthia Cunningham Elementary School Primary Regular 801 38 4
Kathleen And Tim Harney Middle School Middle Regular 1,845 71 NA
Chaparral High School High Regular 2,270 87 3

Cynthia Cunningham Elementary School

  • Education Level: Primary
  • # of students: 801
  • # of teachers: 38
4
GreatSchools Rating

Kathleen And Tim Harney Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 71
NA
GreatSchools Rating

Chaparral High School

  • Education Level: High
  • # of students: 2,270
  • # of teachers: 87
3
GreatSchools Rating
 

$262,800$321,200$292,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$1,077
Property Tax -$208
Property Insurance -$58
Property Management Fees -$119
CASH FLOW
-$182

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.

$292,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.4%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,130

INVESTMENT

$83,130

Down Payment
$73,000
Rehab Estimate
$5,750
Closing Costs
$4,380

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,000
Loan Amount $219,000
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$7,841

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,350

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2803$1,2954$1,300
$1,300
RENT COMPS ANALYSIS
  • 6151 Canter Glen Avenue Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,570 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,570 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.82
    •  
  • 2802 Canonero Las Vegas, NV 1
    • 2 beds 3 baths ∙ 1,307 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,307 Sqft ∙ Built 2006
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.91
    •  
  • 6345 Salmon Mountain Avenue #0 Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,552 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,552 Sqft ∙ Built 2006
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.83
    •  
  • 3442 Mendocino Forest Street Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,552 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,552 Sqft ∙ Built 2005
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.84
    •  
PROPERTY LISTING DETAILS
Judy Eberhart
1.702.596.7642
Homesmart Encore
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250071
Last Updated: 11/27/2020
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