Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

628 Chervil Valley Drive Las Vegas, NV 89138

4 Beds 4 Baths 4,259 sqft Built 2006

$1,300,000

List Price

$4,400

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $305.24
  • 2 Days on Market
  • MLS # : 2273513
  • Updated Date : 02/28/2021 at 02:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,259 sqft
  • Baths : 3 full , 1 half
Listing Agent

Resort Management, Llc

Listing Agent's Description

Beautiful 2-story Summerlin home in gated community of Serrano. Minutes from Downtown Summerlin & a short walk to Paseo Park. This home is better than new, fully updated & move in ready. Home features custom floors, marble countertops, custom closets, wireless Lutron lighting, Nest, window coverings throughout, indoor/outdoor built-in surround sound, 3 car garage with carpet, pool, spa built in BBQ & highly upgraded landscaping. Must see home!

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: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $119k545k

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

Neighborhood: The Paseos

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10763057

* 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
Billy And Rosemary Vassiliadis Elementary School Primary Unknown NA
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Billy And Rosemary Vassiliadis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$1,170,000$1,430,000$1,300,000

PURCHASE PRICE

$3,960$4,840$4,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,400
EXPENSES Loan Payment -$4,515
Property Tax -$831
Property Insurance -$110
Property Management Fees -$119
CASH FLOW
-$1,175

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.

$1,300,000

PROJECTED PRICE

$4,400

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$350,250

INVESTMENT

$350,250

Down Payment
$325,000
Rehab Estimate
$5,750
Closing Costs
$19,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,515

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $325,000
Loan Amount $975,000
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$9,322

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,400

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $4,557

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$3,575
1$3,5752$4,4003$4,5004$4,7005$4,950
$4,950
RENT COMPS ANALYSIS
  • 628 Chervil Valley Drive Las Vegas, NV 2
    • 4 beds 4 baths ∙ 4,259 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,259 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,400
    • $1.03
    •  
  • 11550 Lampeter Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 4,144 Sqft ∙ Built 2004 3 beds 3 baths ∙ 4,144 Sqft ∙ Built 2004
    property image
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,575
    • $0.86
    •  
  • 11511 Noors Avenue #0 Las Vegas, NV 3
    • 5 beds 5 baths ∙ 4,027 Sqft ∙ Built 2003 5 beds 5 baths ∙ 4,027 Sqft ∙ Built 2003
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.12
    •  
  • 2032 Country Cove Court Las Vegas, NV 4
    • 4 beds 4 baths ∙ 4,107 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,107 Sqft ∙ Built 2005
    property image
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.14
    •  
  • 2022 Country Cove Court Las Vegas, NV 5
    • 4 beds 4 baths ∙ 4,274 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,274 Sqft ∙ Built 2005
    property image
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $1.16
    •  
PROPERTY LISTING DETAILS
Robert Hasman
1.702.769.2725
Resort Management, Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2273513
Last Updated: 02/28/2021
BESbswy