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6836 White Crane Court Las Vegas, NV 89139

3 Beds 2 Baths 1,887 sqft Built 2007

$329,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $174.83
  • 2 Days on Market
  • MLS # : 2246558
  • Updated Date : 11/07/2020 at 19:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,887 sqft
  • Baths : 2 full
Listing Agent

The Zhu Realty Group, Llc

Listing Agent's Description

Location, Location. Close to Rainbow & Wigwam, Convenient Access to everywhere including Smith’s, All kinds of Restaurant, Schools, Groceries and Much More. A Gorgeous Home Nestled in the Community of Coronado Ranch. Split Level Concept with Downstair Master Bedroom, Living Room. Upper Level of Open Floor Plan with Kitchen and Family Room, Two Bedrooms Upstairs. Many Windows allowing Much Natural Lights Come in. All S/S Appliances and Water Softer Included. Upstair with Balcony, Ceiling Lights and Blinds Through Out. 2 Story, 3 Beds with 2 Full Baths, 1,887SQFT, Low HOA Fee. The Perfect option for the Starter Home or Great Investment Opportunity.

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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: Coronado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $119k352k

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

Neighborhood: Coronado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9561622

* 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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,217
Property Tax -$237
Property Insurance -$64
Property Management Fees -$119
CASH FLOW
$13

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.

$329,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.3%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$27,039

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,679

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,6954$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 6836 White Crane Court Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 6728 Bravura Court Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 2007
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.85
    •  
  • 6750 Lydian Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,865 Sqft ∙ Built 2010
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
  • 6733 Lydian Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,888 Sqft ∙ Built 2011 4 beds 3 baths ∙ 1,888 Sqft ∙ Built 2011
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
  • 6721 Glissando Court #0 Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2012
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
PROPERTY LISTING DETAILS
Miaojun Zhu
1.702.353.0233
The Zhu Realty Group, Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246558
Last Updated: 11/07/2020
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