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6480 Fairy Duster Street Las Vegas, NV 89149

4 Beds 4 Baths 2,656 sqft Built 2019

$737,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $277.48
  • 5 Days on Market
  • MLS # : 2279226
  • Updated Date : 03/17/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,656 sqft
  • Baths : 3 full , 1 half
Listing Agent

Simply Vegas

Listing Agent's Description

AMAZING!SPECTACULAR!SUPERB!4BD 4BA SINGLE STORY HOME on .33 ACRE LOT RV gate w/ hundreds of thousands EVERY POSSIBLE UPGRADES from THE BUILDER AND the OWNER!10 FT ceilings WATERPROOF VINYL floor throughout the HOUSE, state of art EUROPEAN STYLE custom CHEF'S KITCHEN with QUARTZ WATERFALL counter top W/ EXTRA SINK , QUARTZ counters ,impresive BACKSPLASH throughout water filtration system! EPIC FIREPLACE , MODERN CUSTOM bathrooms showers ! RV GATE , COVER PATIO, PAVERS,DESERT landscape. SPECTACULAR HOME with one of the LARGEST LOT in the community w/ BREATHTAKING VIEWS OF THE VALLEY MOUNTAINS AND LAS VEGAS STRIP LIGHTS located in one of the most development AREA in FABULOUS LAS VEGAS close DISTANCE TO FREEWAYS SCHOOLS AND SHOPPING CENTERS!

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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: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Marshall C. Darnell Elementary School Primary Regular 793 40 6
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Centennial High School High Regular 3,055 124 6

Marshall C. Darnell Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 40
6
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$663,300$810,700$737,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$2,560
Property Tax -$505
Property Insurance -$79
Property Management Fees -$119
CASH FLOW
-$1,193

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.

$737,000

PROJECTED PRICE

$2,070

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$201,055

INVESTMENT

$201,055

Down Payment
$184,250
Rehab Estimate
$5,750
Closing Costs
$11,055

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $184,250
Loan Amount $552,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$73

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,032

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8003$1,9954$2,0505$2,070
$2,070
RENT COMPS ANALYSIS
  • 6480 Fairy Duster Street Las Vegas, NV 5
    • 4 beds 4 baths ∙ 2,656 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,656 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.78
    •  
  • 6856 Armistead Street Las Vegas, NV 1
    • 5 beds 3 baths ∙ 2,464 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,464 Sqft ∙ Built 2006
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
  • 6680 Bristle Falls Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2015
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.78
    •  
  • 9346 Wittig Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,621 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,621 Sqft ∙ Built 2013
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.76
    •  
  • 6733 Bristle Falls Street Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 2015
    property image
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.83
    •  
PROPERTY LISTING DETAILS
Petar Gavrilov
1.702.372.0287
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279226
Last Updated: 03/17/2021
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