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6480 Annie Oakley Drive #711 # 711 Las Vegas, NV 89120

2 Beds 1 Baths 1,177 sqft Built 1996

INVESTimate

$171,900

List Price

$1,190

$1,071 - $1,309

Rent Est.

$187,801  ( +9.25%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $146.05
  • 8 Days on Market
  • MLS # : 2223351
  • Updated Date : 08/23/2020 at 14:04
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,177 sqft
  • Baths : 1 full
Listing Agent

Southwestern Management And Re

Listing Agent's Description

GROUND FLOOR CONDO * 1177 SF * GATED * 2 BEDS - DUAL MASTERS * 2 BATHS * 1-CAR GARAGE (DETACHED) * BRIGHT, OPEN FLOORPLAN * LIVING ROOM HAS GAS FIREPLACE & SLIDING GLASS DOOR THAT LEADS TO A LARGE PATIO * DINING ROOM IS OPEN TO KITCHEN AND HAS CEILING LIGHT/FAN & NEW WINDOW BLINDS * SEPARATE LAUNDRY ROOM HAS FULL-SIZE WASHER & DRYER * KITCHEN HAS ALL WHITE APPLIANCES, GRANITE COUNTERTOPS, CERAMIC TILE FLOORING, AND PLENTY OF CABINET SPACE * DUAL MASTER BEDROOMS, BOTH WITH LARGE WALK-IN-CLOSETS AND DIRECT ACCESS TO THEIR RESPECTIVE BATHROOMS * NEW PAINT & CARPET THROUGHOUT * SLIDING GLASS DOORS TO PATIO FROM MAIN MASTER BEDROOM * BEAUTIFUL POOL/SPA AREA * CLUBHOUSE W/ EXERCISE ROOM * LUSH GREEN LANDSCAPING THROUGHOUT * 2 MILES TO SUNSET PARK * 3 MILES TO MCCARRAN AIRPORT * 6 MILES TO LAS VEGAS "STRIP" * CLOSE TO SHOPPING & GREAT RESTAURANTS THIS IS A MUST SEE! WILL NOT LAST!

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: Green Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k321k

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

Neighborhood: Green Valley North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600165017001750Rent in $10761775

* 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
Bill Y. Tomiyasu Elementary School Primary Regular 563 32 4
Helen C. Cannon Middle School Middle Regular 867 39 NA
Del Sol High School High Regular 2,051 73 2

Bill Y. Tomiyasu Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 32
4
GreatSchools Rating

Helen C. Cannon Middle School

  • Education Level: Middle
  • # of students: 867
  • # of teachers: 39
NA
GreatSchools Rating

Del Sol High School

  • Education Level: High
  • # of students: 2,051
  • # of teachers: 73
2
GreatSchools Rating
 

$154,710$189,090$171,900

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$634
Property Tax -$113
Property Insurance -$50
HOA -$240
Property Management Fees -$119
CASH FLOW
$34

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.

$171,900

PROJECTED PRICE

$1,190

PROJECTED RENT

0.69%

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$51,304

INVESTMENT

$51,304

Down Payment
$42,975
Rehab Estimate
$5,750
Closing Costs
$2,579

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$634

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,975
Loan Amount $128,925
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$13,595

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,215

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,025
1$1,0252$1,0253$1,0454$1,0505$1,190
$1,190
RENT COMPS ANALYSIS
  • 6480 Annie Oakley Drive #711 Las Vegas, NV 5
    • 2 beds 1 baths ∙ 1,177 Sqft ∙ Built 1996 2 beds 1 baths ∙ 1,177 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $1.01
    •  
  • 911 Bass Drive #d Henderson, NV 1
    • 2 beds 2 baths ∙ 1,004 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,004 Sqft ∙ Built 1983
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,025
    • $1.02
    •  
  • 1212 Bass Drive #c Henderson, NV 2
    • 2 beds 2 baths ∙ 1,004 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,004 Sqft ∙ Built 1983
    property image
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,025
    • $1.02
    •  
  • 3311 Sunfish Drive #a Henderson, NV 3
    • 2 beds 2 baths ∙ 1,004 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,004 Sqft ∙ Built 1983
    property image
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,045
    • $1.04
    •  
  • 2112 Sunfish #a Henderson, NV 4
    • 2 beds 2 baths ∙ 1,004 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,004 Sqft ∙ Built 1983
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $1.05
    •  
PROPERTY LISTING DETAILS
Sophia Ganatsios
1.702.301.7410
Southwestern Management And Re
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223351
Last Updated: 08/23/2020
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