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6184 Pine Banks Court 
Las Vegas, NV
89141
3 Beds 3 Baths 1,740 sqft
Built 2008
INVESTimate
$314,000
List Price
$88,960
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PROPERTY INFO
FACTS
- Built In 2008
- Price/Sqft : $180.46
- 3 Days on Market
- MLS # : 2224245
- Updated Date : 08/24/2020 at 14:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,740 sqft
- Baths : 2 full , 1 half
Listing Agent
Foster Realty
Listing Agent's Description
Beautiful open floor plan on quiet cul-de-sac in a small gated community at the edge of Southern Highlands. Large family area, dining & kitchen downstairs. Kitchen renovation includes butcher-block island, quartz counter tops, and stainless steel appliances. Downstairs includes upgraded flooring - laminate hard wood and large tile. Upstairs consists of 3 bedrooms, a multi-purpose loft, and full bath. Open the French doors that lead to a spacious master bedroom w/ large walk-in closet and en-suite master bathroom. Master bath has double vanities, garden bathtub and separate shower. Never walk downstairs with laundry again! Convenient laundry area upstairs. Spend evenings relaxing on the covered patio next to the fire pit or BBQ'ing in the landscaped backyard. On those hot summer days, swim in the community pool. House equipped w/ water softener & alarm system. 2" faux blinds throughout. 2 tone. Park and schools within walking distance. No SIDS/LIDS. Act Now! This one won't last!!
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: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Enterprise
* 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 | $1,400 |
| EXPENSES | Loan Payment | -$1,159 |
| Property Tax | -$229 | |
| Property Insurance | -$61 | |
| HOA | -$92 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$259
|
||
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.
$314,000
PROJECTED PRICE
$1,400
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.79% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$88,960
LOAN DETAILS
$1,159
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,500 |
| Loan Amount | $235,500 |
1.92
YEARS SAVED
$4,522
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,409
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
6184 Pine Banks Court Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,400
- $0.80
-
10669 Allegrini Drive Las Vegas, NV 2
- 4 beds 3 baths ∙ 1,849 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,849 Sqft ∙ Built 2006
LEASED 04/02/20- Rent
- Rent Per SQFT
- $1,425
- $0.77
-
6245 West Levi Avenue #0 Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,903 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,903 Sqft ∙ Built 2006
LEASED 01/16/20- Rent
- Rent Per SQFT
- $1,450
- $0.76
-
10686 Allegrini Drive #0 Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,733 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,733 Sqft ∙ Built 2006
LEASED 04/23/20- Rent
- Rent Per SQFT
- $1,500
- $0.87
-
5987 Allanche Avenue Las Vegas, NV 5
- 3 beds 3 baths ∙ 1,837 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,837 Sqft ∙ Built 2004
LEASED 10/07/19- Rent
- Rent Per SQFT
- $1,550
- $0.84
PROPERTY LISTING DETAILS
1.702.235.2140
Foster Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224245
Last Updated: 08/24/2020
