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6713 Dry Hollow Drive Las Vegas, NV 89122

4 Beds 3 Baths 1,836 sqft Built 2011

$283,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $154.14
  • 3 Days on Market
  • MLS # : 2265095
  • Updated Date : 01/30/2021 at 22:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,836 sqft
  • Baths : 2 full , 1 half
Listing Agent

Las Vegas Valley Realty, Inc

Listing Agent's Description

G*O*R*G*E*O*U*S* Home located in a gated community. Redone floors and custom paint throughout / Front yard landscaping maintained by HOA. Gated community with Pool and Spa, Playground. Artificial Turf in backyard, SOFT WATER, new Water Heater and in-house HUMIDIFIER, & 2 MASTER CLOSETS. Close to freeway entrance with shopping and restaurants.

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

Zip Code: 89122

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Zip Code: 89122

ZipNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
Josh Stevens Elementary School Primary Unknown NA
Francis Cortney Middle School Middle Regular 1,235 52 NA
Basic High School High Regular 2,367 100 3

Josh Stevens Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Francis Cortney Middle School

  • Education Level: Middle
  • # of students: 1,235
  • # of teachers: 52
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$254,700$311,300$283,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$983
Property Tax -$218
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
$48

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$283,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$80,745

INVESTMENT

$80,745

Down Payment
$70,750
Rehab Estimate
$5,750
Closing Costs
$4,245

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$983

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,750
Loan Amount $212,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$19,643

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,441

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4303$1,4954$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 6713 Dry Hollow Drive Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,836 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,836 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.78
    •  
  • 5484 Mercury Springs Drive Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,689 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,689 Sqft ∙ Built 2012
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.83
    •  
  • 6700 Prairie Dusk Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 2010
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.77
    •  
  • 6751 Boom Town Drive #0 Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,979 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,979 Sqft ∙ Built 2012
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.76
    •  
  • 6722 Silent Vista Way Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2012
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
PROPERTY LISTING DETAILS
Ryan D Livingston
1.702.224.4037
Las Vegas Valley Realty, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265095
Last Updated: 01/30/2021
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