Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6843 Dragonfly Rock Las Vegas, NV 89148

3 Beds 3 Baths 1,731 sqft Built 2015

$359,500

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $207.68
  • 5 Days on Market
  • MLS # : 2254748
  • Updated Date : 12/12/2020 at 10:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,731 sqft
  • Baths : 2 full , 1 half
Listing Agent

Property Search Vegas Llc

Listing Agent's Description

Perfect 3 bedrooms with loft, Spring Valley maple chiffon white desert glaze cabinets, built in large entertainment cabinet in white , roll out trays, Verde butterfly granite with feathered Mitre edge, stainless steel double bowl undermount sink, Moen arbor faucet, plank doors throughout, ungraded baseboards and trim, electrical surperpak, Mission handrail, bath bar light pkg, 4 ceiling fans, 5 speaker surround sound prewire, security prewire, stone front elevation, upgraded flooring, HOA maintains the front landscaping.

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: Southern Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k329k

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

Neighborhood: Southern Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9691735

* 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
Shelley Berkley Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Shelley Berkley Elementary School

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

$323,550$395,450$359,500

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,326
Property Tax -$248
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
-$144

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.

$359,500

PROJECTED PRICE

$1,610

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.4%
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$101,018

INVESTMENT

$101,018

Down Payment
$89,875
Rehab Estimate
$5,750
Closing Costs
$5,393

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,326

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,875
Loan Amount $269,625
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$15,350

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,614

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6103$1,6504$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 6843 Dragonfly Rock Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,731 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,731 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.93
    •  
  • 6897 Dragonfly Rock Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,731 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,731 Sqft ∙ Built 2015
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
  • 9424 Aggie Court Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,731 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,731 Sqft ∙ Built 2015
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 9423 Sand Tiger Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,731 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,731 Sqft ∙ Built 2015
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 9408 Pastel Wing Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,924 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,924 Sqft ∙ Built 2014
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
PROPERTY LISTING DETAILS
Linda Zdenek
1.702.277.8856
Property Search Vegas Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2254748
Last Updated: 12/12/2020
BESbswy