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6482 Willow Breeze Lane Las Vegas, NV 89118

4 Beds 3 Baths 1,908 sqft Built 1995

INVESTimate

$394,000

List Price

$1,690

$1,521 - $1,859

Rent Est.

$433,045  ( +9.91%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1995
  • Price/Sqft : $206.50
  • 10 Days on Market
  • MLS # : 2222597
  • Updated Date : 08/21/2020 at 16:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,908 sqft
  • Baths : 2 full , 1 half
Listing Agent

Synergy Sothebys Int'l Realty

Listing Agent's Description

THIS STUNNING HARD TO FIND NON HOA CORNER LOT TWO STORY HOME FEATURES, A BEAUTIFUL RENOVATED KITCHEN WITH STAINLESS STEEL APPLIANCES, KITCHEN THAT OPENS TO FAMILY ROOM WITH A COZY FIREPLACE, SPACIOUS RESORT STYLE BACK YARD MADE FOR ENTERTAINING WITH A BEAUTIFUL POOL AND SPA WITH ROCK WATERFALL, NEARBY SCHOOLS, DINING, SHOPPING, AND PUBLIC TRANSPORTATION. STRAIGHT DRIVE DOWN HACIENDA AVE TO NEW RAIDERS STADIUM, A MUST SEE DONT WAIT!

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: 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
Marion B. Earl Elementary School Primary Regular 727 38 6
Grant Sawyer Middle School Middle Regular 1,308 52 NA
Durango High School High Regular 2,302 95 5

Marion B. Earl Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 38
6
GreatSchools Rating

Grant Sawyer Middle School

  • Education Level: Middle
  • # of students: 1,308
  • # of teachers: 52
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$354,600$433,400$394,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,454
Property Tax -$222
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
-$169

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.

$394,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.91%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,160

INVESTMENT

$110,160

Down Payment
$98,500
Rehab Estimate
$5,750
Closing Costs
$5,910

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,454

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,500
Loan Amount $295,500
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$16,413

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,641

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6503$1,6504$1,6905$1,750
$1,750
RENT COMPS ANALYSIS
  • 6482 Willow Breeze Lane Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,908 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,908 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.89
    •  
  • 5247 Island Chain Road Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,811 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,811 Sqft ∙ Built 1995
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
  • 5353 Bitterwood Lane Las Vegas, NV 2
    • 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 1991
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 6442 Mesa Vista Avenue Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,955 Sqft ∙ Built 1985
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.84
    •  
  • 6236 Katella Avenue Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 1977
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
PROPERTY LISTING DETAILS
Alex Ramirez
1.702.415.0052
Synergy Sothebys Int'l Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222597
Last Updated: 08/21/2020
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