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6312 Peppermill Drive Las Vegas, NV 89146

4 Beds 3 Baths 2,191 sqft Built 1983

$355,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $162.03
  • 8 Days on Market
  • MLS # : 2240551
  • Updated Date : 10/30/2020 at 11:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,191 sqft
  • Baths : 2 full , 1 half
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Perfect home for a growing family. NO HOA! ENTIRE INTERIOR FRESHLY PAINTED, 2 story home with 4 bed/ 2.5 bath / 3 car in a quiet neighborhood. Kitchen has stainless steel appliances conveying "AS-IS", lots of cabinets, and a breakfast bar. Oversized family room with fireplace just off kitchen. Formal Dining room and Living room for family gatherings. Lots of room in the Master with 2 closets. Master bath has a separate vanity table. Backyard is big enough for a pool with room to spare. Low maintenance front and rear yard landscaping.

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: Canyon Gate

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k384k

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

Neighborhood: Canyon Gate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10762045

* 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
Doris Hancock Elementary School Primary Regular 552 29 2
Frank F. Garside Junior High School Middle Regular 1,209 52 NA
Bonanza High School High Regular 2,003 83 3

Doris Hancock Elementary School

  • Education Level: Primary
  • # of students: 552
  • # of teachers: 29
2
GreatSchools Rating

Frank F. Garside Junior High School

  • Education Level: Middle
  • # of students: 1,209
  • # of teachers: 52
NA
GreatSchools Rating

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,310
Property Tax -$215
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
$106

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.

$355,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 7.4%
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$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,310

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$39,647

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,813

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8203$1,8504$1,8755$2,055
$2,055
RENT COMPS ANALYSIS
  • 6312 Peppermill Drive Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,191 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,191 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.83
    •  
  • 6605 Vicuna Drive Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,026 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,026 Sqft ∙ Built 1985
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 2660 Rosanna Street Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,322 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,322 Sqft ∙ Built 1994
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
  • 804 Antonio Drive Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 1993
    LEASED 05/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.84
    •  
  • 2920 Sean Darin Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,377 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,377 Sqft ∙ Built 1988
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,055
    • $0.86
    •  
PROPERTY LISTING DETAILS
Caroline Medina
1.702.526.3177
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2240551
Last Updated: 10/30/2020
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