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6816 Cougar Avenue Las Vegas, NV 89139

5 Beds 2 Baths 4,147 sqft Built 2015

$625,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $150.71
  • 6 Days on Market
  • MLS # : 2270603
  • Updated Date : 02/19/2021 at 17:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,147 sqft
  • Baths : 1 full , 1 half
Listing Agent

Gk Properties

Listing Agent's Description

Welcome home to this entertainer's dream, tri-level home. Featuring 5 bedrooms, 2 primary bedrooms, and 4 bathrooms. Wood flooring and crown molding throughout. Large living room with built-in entertainment center. Chef's dream kitchen with stainless steel appliances, large dual built-in refrigerator, granite countertops, large island, and pantry. Upstairs primary bedroom with dual doors and walk-in closet. Primary bath with large enclosed walk-in shower, dual sinks, and dressing vanity. Second primary bedroom on the bottom floor off of the family room. Second primary bathroom with dual sinks and enclosed walk-in shower. Balcony off of the living room with mountain views and lovely backyard with lush landscaping and sythetic lawn. Don't miss the opportunity to call this home your own.

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: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Mark L. Fine Elementary School Primary Regular 1,001 51 6
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Sierra Vista High School High Regular 2,396 88 4

Mark L. Fine Elementary School

  • Education Level: Primary
  • # of students: 1,001
  • # of teachers: 51
6
GreatSchools Rating

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Sierra Vista High School

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

$562,500$687,500$625,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,171
Property Tax -$396
Property Insurance -$107
Property Management Fees -$119
CASH FLOW
-$23

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.

$625,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$38,953

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,799

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7703$2,7954$2,9005$3,200
$3,200
RENT COMPS ANALYSIS
  • 6816 Cougar Avenue Las Vegas, NV 2
    • 5 beds 2 baths ∙ 4,147 Sqft ∙ Built 2015 5 beds 2 baths ∙ 4,147 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.67
    •  
  • 6335 Mount Eden Las Vegas, NV 1
    • 5 beds 2 baths ∙ 4,340 Sqft ∙ Built 2015 5 beds 2 baths ∙ 4,340 Sqft ∙ Built 2015
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.61
    •  
  • 6275 Mount Palomar Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 4,022 Sqft ∙ Built 2014 4 beds 3 baths ∙ 4,022 Sqft ∙ Built 2014
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.69
    •  
  • 8534 Alpine Vineyards Court Las Vegas, NV 4
    • 6 beds 3 baths ∙ 4,355 Sqft ∙ Built 2018 6 beds 3 baths ∙ 4,355 Sqft ∙ Built 2018
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.67
    •  
  • 8265 Windsor Oaks Street Las Vegas, NV 5
    • 5 beds 3 baths ∙ 4,355 Sqft ∙ Built 2011 5 beds 3 baths ∙ 4,355 Sqft ∙ Built 2011
    property image
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.73
    •  
PROPERTY LISTING DETAILS
George Kypreos
1.702.815.1555
Gk Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2270603
Last Updated: 02/19/2021
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