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6227 Darby Creek Court North Las Vegas, NV 89081

5 Beds 4 Baths 3,520 sqft Built 2005

$385,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $109.38
  • 6 Days on Market
  • MLS # : 2244358
  • Updated Date : 11/06/2020 at 09:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,520 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty Sw

Listing Agent's Description

Beautiful home and at a great price. Home has Granite counters, custom cabinets, breakfast bar, walk in pantry, covered patio, 3 car garage, high ceilings,loft, ceiling fans, entertainment room, office, and a commercial grade water softener. Home is toward the end of a cul de sac and easy access to freeways as well. Vivint Alarms system here as well as washer, dryer and frig included.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sunflower East

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $84k469k

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

Neighborhood: Sunflower East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9652121

* 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
D.l. Dusty Dickens Elementary School Primary Regular 753 43 6
Carroll M Johnston Middle School Middle Regular 1,365 58 NA
Legacy High School High Regular 2,819 119 3

D.l. Dusty Dickens Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 43
6
GreatSchools Rating

Carroll M Johnston Middle School

  • Education Level: Middle
  • # of students: 1,365
  • # of teachers: 58
NA
GreatSchools Rating

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,420
Property Tax -$345
Property Insurance -$95
Property Management Fees -$119
CASH FLOW
$120

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$385,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 10.9%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$37,071

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $2,156

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$1,9954$2,1005$2,400
$2,400
RENT COMPS ANALYSIS
  • 6227 Darby Creek Court North Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,520 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,520 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.60
    •  
  • 6117 Watermelon Street North Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,395 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,395 Sqft ∙ Built 2006
    property image
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.57
    •  
  • 6113 Kami Street #none North Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,395 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,395 Sqft ∙ Built 2006
    property image
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.57
    •  
  • 3544 Kagan Court North Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,320 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,320 Sqft ∙ Built 2006
    property image
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.60
    •  
  • 6128 Mott Smith North Las Vegas, NV 5
    • 5 beds 4 baths ∙ 3,395 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,395 Sqft ∙ Built 2007
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.71
    •  
PROPERTY LISTING DETAILS
David M Radcliffe
1.702.379.3401
Keller Williams Realty Sw
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244358
Last Updated: 11/06/2020
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