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6918 Double Vista Way Las Vegas, NV 89142

4 Beds 3 Baths 2,265 sqft Built 2017

$339,990

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $150.11
  • 2 Days on Market
  • MLS # : 2250892
  • Updated Date : 11/28/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,265 sqft
  • Baths : 2 full , 1 half
Listing Agent

Elite Realty

Listing Agent's Description

GORGEOUS AND HIGHLY UPGRADED! This is an opportunity to own this 4 bedroom, 3 bath and a 2 car garage home that's just like a model home or better. It has travertine and hardwood floors. 9 foot high ceilings and upgraded electrical pack. In the kitchen there's 42" tall cabinets with a custom back splash and stainless steel appliances. The master bedroom has beautiful hardwood floor with the master bath that feature a shower, large bath tub, dual sinks and a walking closet. And if that's not enough the entire first floor feature travertine stone floors with custom accent wall made of stone with crown molding. The back yard is fully landscaped with a large covered patio perfect for entertaining and a one of a kind custom kids playhouse with working power and A/C. I can go on and on with everything else that this home offer. But the best thing is to see it in person, truly a MUST SEE!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $83k296k

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

Neighborhood: Sunrise Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9591603

* 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
Mervin Iverson Elementary School Primary Regular 870 43 7
Kathleen And Tim Harney Middle School Middle Regular 1,845 71 NA
Las Vegas High School High Regular 3,077 121 4

Mervin Iverson Elementary School

  • Education Level: Primary
  • # of students: 870
  • # of teachers: 43
7
GreatSchools Rating

Kathleen And Tim Harney Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 71
NA
GreatSchools Rating

Las Vegas High School

  • Education Level: High
  • # of students: 3,077
  • # of teachers: 121
4
GreatSchools Rating
 

$305,991$373,989$339,990

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,254
Property Tax -$261
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
-$45

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.

$339,990

PROJECTED PRICE

$1,660

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.8%
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$1.4M

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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,847

INVESTMENT

$95,847

Down Payment
$84,998
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,998
Loan Amount $254,993
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$19,018

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,653

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,635
1$1,6352$1,6603$1,6754$1,7505$1,825
$1,825
RENT COMPS ANALYSIS
  • 6918 Double Vista Way Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.73
    •  
  • 6979 Painted Vista Court #n/a Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,275 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,275 Sqft ∙ Built 2016
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.72
    •  
  • 6567 Tulip Garden Drive Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 1998
    property image
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.68
    •  
  • 2567 Rainbow River Drive Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 2013
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.77
    •  
  • 2663 Colina Bella Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,446 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,446 Sqft ∙ Built 2007
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.75
    •  
PROPERTY LISTING DETAILS
Lewis Perez
1.702.219.8899
Elite Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250892
Last Updated: 11/28/2020
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