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6609 Autumn Breeze Street Las Vegas, NV 89148

3 Beds 3 Baths 1,752 sqft Built 2018

$374,900

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $213.98
  • 7 Days on Market
  • MLS # : 2248142
  • Updated Date : 11/19/2020 at 12:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,752 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max American Made

Listing Agent's Description

Built in 2018 and shows like new - Move In Condition! Open Floorplan with many Upgrades Thru-out! Gourmet Kitchen w/large Island Bar, Stainless Steel Appliances, Granite Countertops, Pantry & lots of extended upgraded Cabinets. Kitchen Open to Family & Dining! Family Rm with Wired Surround Sound & slider opening to Aluma Wood Covered Patio and fully Landscaped Backyard! Custom Built Staircase Railings. Upstairs has Loft in addition to 3 Br's, 2Ba's and Laundry Room. Separate Primary Bedroom Suite includes Tub & Walk-In Shower w/Bench seat, Double Sinks and spacious Walk-In Closet. Upgraded Refrigerator, Washer & Dryer Included! Ceiling Fans/Lights in ALL Bedrooms & Family Rm! Downstairs-all upgraded Tile Flooring! Garage w/Heavy Duty Ceiling Storage Racks included plus Epoxy Flooring! Attractive Pavers in Driveway and Front Walkways! Gated Community includes Park. Pool, Playground & Covered BBQ area! Easy access to Shopping,Freeways & Strip! HURRY-WON'T LAST LONG!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Wayne N. Tanaka Elementary School Primary Regular 1,029 52 5
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Wayne N. Tanaka Elementary School

  • Education Level: Primary
  • # of students: 1,029
  • # of teachers: 52
5
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

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

$337,410$412,390$374,900

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,383
Property Tax -$276
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
-$219

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.

$374,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
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$200k$400k$600k$800k$1.0M$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,099

INVESTMENT

$105,099

Down Payment
$93,725
Rehab Estimate
$5,750
Closing Costs
$5,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,383

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,725
Loan Amount $281,175
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$10,622

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,629

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5503$1,6204$1,6995$1,900
$1,900
RENT COMPS ANALYSIS
  • 6609 Autumn Breeze Street Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.92
    •  
  • 9174 Whitecap Rains Court #0 Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,609 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,609 Sqft ∙ Built 2004
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
  • 8930 Whitten Park Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,602 Sqft ∙ Built 2017
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.97
    •  
  • 6688 Gentle Cloud Court Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,917 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,917 Sqft ∙ Built 2018
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.89
    •  
  • 8947 Whitten Park Avenue Las Vegas, NV 5
    • 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2017
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.99
    •  
PROPERTY LISTING DETAILS
Carol A Kilgore
1.702.595.4636
Re/max American Made
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248142
Last Updated: 11/19/2020
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