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6232 Hambledon Hill Road Las Vegas, NV 89113

4 Beds 3 Baths 3,111 sqft Built 2017

$512,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $164.58
  • 3 Days on Market
  • MLS # : 2254801
  • Updated Date : 12/11/2020 at 17:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,111 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

MUST-SEE, IMMACULATE multi-generation/family home in gated community. Improvements include water softener, putting green with sand trap, and waterproof carpet padding upstairs. Attached suite is self-contained one-bedroom, bathroom, living room, kitchen, laundry closet and has SEPARATE front door and garage entrance. Main house includes luxurious master bedroom, additional two bedrooms, additional two baths, open floor plan with large kitchen island and plenty of room to entertain. House situated in SW part of Las Vegas, so newer community infrastructure and retail within a 2 miles. 15 minutes to Strip and Raiders stadium. High ceilings for both stories and view of strip from backyard, bedrooms and roomy upstairs balcony. Plenty of storage inside the home and 3-car garage. House was completed in early 2018 (records show 2017 based on permit) and original owner has kept in new condition.

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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: Sovana

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k321k

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

Neighborhood: Sovana

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100115012001250130013501400145015001550160016501700Rent in $10701722

* 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
Lucille Rogers Elementary School Primary Regular 775 43 9
Grant Sawyer Middle School Middle Regular 1,308 52 NA
Durango High School High Regular 2,302 95 5

Lucille Rogers Elementary School

  • Education Level: Primary
  • # of students: 775
  • # of teachers: 43
9
GreatSchools Rating

Grant Sawyer Middle School

  • Education Level: Middle
  • # of students: 1,308
  • # of teachers: 52
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$460,800$563,200$512,000

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 -$1,889
Property Tax -$407
Property Insurance -$87
Property Management Fees -$119
CASH FLOW
-$402

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.

$512,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.6%
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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$141,430

INVESTMENT

$141,430

Down Payment
$128,000
Rehab Estimate
$5,750
Closing Costs
$7,680

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,889

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,000
Loan Amount $384,000
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$7,993

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
  • $0.68

    LIST RENT PER SQFT
  • $2,263

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,1004$2,1005$2,295
$2,295
RENT COMPS ANALYSIS
  • 6232 Hambledon Hill Road Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,111 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,111 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.68
    •  
  • 6070 Villa Lante Avenue Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,775 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,775 Sqft ∙ Built 2003
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.72
    •  
  • 6077 Villa Trieste Court Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,775 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,775 Sqft ∙ Built 2003
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.72
    •  
  • 7712 Buckhorn Island Avenue Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,057 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,057 Sqft ∙ Built 2015
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.69
    •  
  • 6194 Barby Cove Street Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,951 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,951 Sqft ∙ Built 2016
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.78
    •  
PROPERTY LISTING DETAILS
Igor Li
1.702.741.4877
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2254801
Last Updated: 12/11/2020
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