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6480 Bristlecone Circle Las Vegas, NV 89146

5 Beds 3 Baths 3,920 sqft Built 1986

$999,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $254.85
  • 7 Days on Market
  • MLS # : 2255534
  • Updated Date : 12/18/2020 at 16:33
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,920 sqft
  • Baths : 2 full , 1 half
Listing Agent

Luxury Homes Of Las Vegas

Listing Agent's Description

Stunning renovation with over $400K invested, this 4,500SF entertainer is a family dream home! No expense spared! No HOA. Private electric gate, dual master bedroom up and downstairs, down full marble walk-in steam spa shower with jets and rainfall, new kitchen cabinets, NEW top rated SST appliances & Italian Granite Counter Tops and Backsplash, new E-cooktop insta cool/hot with chef hood & pot filler, double wall/micro oven, Samsung Smart Fridge, walk in pantry, new triple pane windows, new doors, new flooring, new paint, new faucets, new light fixtures, RV parking, refreshing pool/spa with waterfall & slide, 3 Car Garage, detached 600 ft Casita-workshop, detached pool shower/bathroom, all new low maintenance landscaping & fruit trees, entertainers dream 2nd fully equipped kitchen. Conveniently located to HWY 95 & I15, 3.3 miles to the Strip, 15 mins to downtown Summerlin and Red Rock Canyon. Come and see this amazing house, impossible to list all details you will not be disappointed!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10381606

* 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. Guild Gray Elementary School Primary Regular 521 24 5
Kenny C. Guinn Middle School Middle Regular 820 40 NA
Bonanza High School High Regular 2,003 83 3

R. Guild Gray Elementary School

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 24
5
GreatSchools Rating

Kenny C. Guinn Middle School

  • Education Level: Middle
  • # of students: 820
  • # of teachers: 40
NA
GreatSchools Rating

Bonanza High School

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

$899,100$1,098,900$999,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$3,686
Property Tax -$277
Property Insurance -$103
Property Management Fees -$119
CASH FLOW
-$1,414

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.

$999,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.9%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,485

INVESTMENT

$270,485

Down Payment
$249,750
Rehab Estimate
$5,750
Closing Costs
$14,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,686

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $249,750
Loan Amount $749,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$609

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $3,244

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,770
1$2,7702$3,0003$3,0004$3,4005$3,600
$3,600
RENT COMPS ANALYSIS
  • 6480 Bristlecone Circle Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,920 Sqft ∙ Built 1986 5 beds 3 baths ∙ 3,920 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.71
    •  
  • 2845 Mann Street Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,886 Sqft ∙ Built 1979 5 beds 2 baths ∙ 3,886 Sqft ∙ Built 1979
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.77
    •  
  • 2945 Azure Bay Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,717 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,717 Sqft ∙ Built 2001
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.81
    •  
  • 1621 Montessouri Street Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,915 Sqft ∙ Built 1990 5 beds 4 baths ∙ 3,915 Sqft ∙ Built 1990
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.87
    •  
  • 7480 Palmyra Avenue Las Vegas, NV 5
    • 4 beds 2 baths ∙ 4,171 Sqft ∙ Built 1987 4 beds 2 baths ∙ 4,171 Sqft ∙ Built 1987
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.86
    •  
PROPERTY LISTING DETAILS
Kenneth H Lowman
1.702.216.4663
Luxury Homes Of Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255534
Last Updated: 12/18/2020
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