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

6321 Crestfield Lane Las Vegas, NV 89108

3 Beds 3 Baths 2,057 sqft Built 1995

$445,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

$123,675

Investment Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $216.33
  • 3 Days on Market
  • MLS # : 2271591
  • Updated Date : 02/20/2021 at 21:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,057 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nationwide Realty Llc

Listing Agent's Description

Gorgeous one story 3 bedrooms + den, 2 1/2 bath home with park-like scenery, spacious rolling green lawn, shrubs and trees. Huge corner lot. Elegant entry courtyard & covered patio w/decorative finish. 10' high ceiling thru-out makes for a grand & luxurious feel. New kitchen appliances SS fridge, gas cooktop, SS dishwasher, SS farm sink, dble oven, granite counter top. Gas fireplace. Open floor plan w/ large windows & loads of natural light. Living room over looks the expansive backyard which is nothing short of paradise at your backdoor. Finished covered patio setting is ideal for outdoor cook-outs. Brand new 32" stainless steel BBQ grill w/ rotisserie. Pebble tech pool & waterfall is a great addition for refreshing & relaxing times. Home is freshly painted & newly carpeted. Once owned by a local developer. Spacious 3 car garage & attic storage. Soft water system. Potential RV parking w/side gate. Automatic sprinkler system. Close to shopping & freeway. A must see home. Won't last!

SEE MORE

MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: North Cheyenne

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k302k

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

Neighborhood: North Cheyenne

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10011606

* 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
R.e. Tobler Elementary School Primary Regular 582 36 2
Irwin And Susan Molasky Junior High School Middle Regular 1,131 50 NA
Cheyenne High School High Regular 2,212 91 2

R.e. Tobler Elementary School

  • Education Level: Primary
  • # of students: 582
  • # of teachers: 36
2
GreatSchools Rating

Irwin And Susan Molasky Junior High School

  • Education Level: Middle
  • # of students: 1,131
  • # of teachers: 50
NA
GreatSchools Rating

Cheyenne High School

  • Education Level: High
  • # of students: 2,212
  • # of teachers: 91
2
GreatSchools Rating
 

FINANCIALS

Learn how to read this

$400,500$489,500$445,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING
Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,546
Property Tax -$311
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
-$323

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.

$445,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,675

INVESTMENT

$123,675

Down Payment		 $111,250
Rehab Estimate		 $5,750
Closing Costs		 $6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$6,312

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT

  • $0.84

    LIST RENT PER SQFT

  • $1,769

    COMP ESTIMATED VALUE

  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6503$1,6954$1,7205$1,750
$1,750
RENT COMPS ANALYSIS
  • 6321 Crestfield Lane Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,057 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,057 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.84
    •  
  • 6109 Sea France Court #0 Las Vegas, NV 1
    • 4 beds 3 baths ∙ 1,916 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,916 Sqft ∙ Built 2013
    property image
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.78
    •  
  • 4521 Heaven Delight Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,916 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,916 Sqft ∙ Built 2012
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 4000 Roxanne Drive #none Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 1977
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.86
    •  
  • 6609 Joe Michael Way Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,861 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,861 Sqft ∙ Built 1986
    property image
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Suzanne L Casupang
1.702.290.4034
Nationwide Realty Llc
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2271591
Last Updated: 02/20/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
BESbswy