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6469 Jade Mountain Court Las Vegas, NV 89139

5 Beds 3 Baths 4,147 sqft Built 2013

INVESTimate

$529,999

List Price

$2,690

$2,440 - $2,940

Rent Est.

$579,024  ( +9.25%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2013
  • Price/Sqft : $127.80
  • 9 Days on Market
  • MLS # : 2222935
  • Updated Date : 08/21/2020 at 21:39
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,147 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

This immaculate 3 story floor plan with the perfect layout design includes 5 bedrooms (of which 2 are master suites), 5 bathrooms, and upgrades galore. 4 bedrooms and 3 bathrooms are on the upper level. The middle-level living area offers an open-concept arrangement with lots of windows, a large kitchen with pantry, an enormous sized island, upgraded cabinets and countertops. Also on this level are beautiful wood floors, a separate laundry area with a utility sink and cabinet space, and a sliding glass door off of the family room that leads to an outdoor balcony. The lower level has a very big cozy den with a fireplace and lots of storage space, and a separate master bedroom and bathroom attached. All of the bedrooms are spacious and have walk-in closets. Solar panels installed! There are tray ceilings, wainscoting, and plantation shutters throughout the entire home. This home is a must-see and won't last long!!! To top it all off, appliances are included. Schedule a showing today!

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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: Coronado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $119k352k

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

Neighborhood: Coronado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9561622

* 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
Mark L. Fine Elementary School Primary Regular 1,001 51 6
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Sierra Vista High School High Regular 2,396 88 4

Mark L. Fine Elementary School

  • Education Level: Primary
  • # of students: 1,001
  • # of teachers: 51
6
GreatSchools Rating

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$476,999$582,999$529,999

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$1,955
Property Tax -$403
Property Insurance -$107
HOA -$24
Property Management Fees -$119
CASH FLOW
$81

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.

$529,999

PROJECTED PRICE

$2,690

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.25%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,500
Loan Amount $397,499
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$48,730

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,830

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,6903$2,7954$2,8755$3,200
$3,200
RENT COMPS ANALYSIS
  • 6469 Jade Mountain Court Las Vegas, NV 2
    • 5 beds 3 baths ∙ 4,147 Sqft ∙ Built 2013 5 beds 3 baths ∙ 4,147 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.65
    •  
  • 6435 Screaming Eagle Avenue Las Vegas, NV 1
    • 5 beds 2 baths ∙ 4,340 Sqft ∙ Built 2012 5 beds 2 baths ∙ 4,340 Sqft ∙ Built 2012
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.61
    •  
  • 6275 Mount Palomar Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 4,022 Sqft ∙ Built 2014 4 beds 3 baths ∙ 4,022 Sqft ∙ Built 2014
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.69
    •  
  • 6452 Jade Mountain Court Las Vegas, NV 4
    • 5 beds 4 baths ∙ 4,147 Sqft ∙ Built 2013 5 beds 4 baths ∙ 4,147 Sqft ∙ Built 2013
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,875
    • $0.69
    •  
  • 6456 Grande River Court Las Vegas, NV 5
    • 5 beds 4 baths ∙ 4,340 Sqft ∙ Built 2017 5 beds 4 baths ∙ 4,340 Sqft ∙ Built 2017
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.74
    •  
PROPERTY LISTING DETAILS
Julia Nelson
1.702.781.2851
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222935
Last Updated: 08/21/2020
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