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6736 Sugarbird Court Las Vegas, NV 89084

4 Beds 3 Baths 2,678 sqft Built 2003

$415,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $154.97
  • 5 Days on Market
  • MLS # : 2278296
  • Updated Date : 03/12/2021 at 23:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,678 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

WoW... Turnkey property with fresh paint and new carpet. This fabulous home is located at the end of a cul-de-sac with a deep lot and no homes directly behind... Views from Primary Suite! Open floor plan layout, the upstairs has a huge bonus/game room and another separate loft area. Work from home... This could be a great option!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k362k

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

Neighborhood: Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9671963

* 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
Theron And Naomi Goynes Elementary School Primary Regular 896 41 7
Brian And Teri Cram Middle School Middle Regular 1,568 65 NA
Legacy High School High Regular 2,819 119 3

Theron And Naomi Goynes Elementary School

  • Education Level: Primary
  • # of students: 896
  • # of teachers: 41
7
GreatSchools Rating

Brian And Teri Cram Middle School

  • Education Level: Middle
  • # of students: 1,568
  • # of teachers: 65
NA
GreatSchools Rating

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,441
Property Tax -$302
Property Insurance -$79
Property Management Fees -$119
CASH FLOW
-$102

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.

$415,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.2%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$18,431

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,834

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7953$1,8404$1,8955$1,950
$1,950
RENT COMPS ANALYSIS
  • 6736 Sugarbird Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.69
    •  
  • 2321 Saddlebill Court North Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2005
    LEASED 03/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.63
    •  
  • 6733 Song Sparrow Court #0 North Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2003
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.67
    •  
  • 6637 Sea Swallow Street North Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2005
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.71
    •  
  • 6711 Surfbird North Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2004
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.73
    •  
PROPERTY LISTING DETAILS
Joe R Diraffaele
1.702.871.7736
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2278296
Last Updated: 03/12/2021
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