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7008 Rotunda Court Las Vegas, NV 89130

4 Beds 3 Baths 2,076 sqft Built 1996

$365,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $175.82
  • 3 Days on Market
  • MLS # : 2265953
  • Updated Date : 02/06/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,076 sqft
  • Baths : 2 full , 1 half
Listing Agent

Barrett & Co, Inc

Listing Agent's Description

*MUST SEE!! This charming 4-bedroom two story home resides in Northwest Las Vegas just 15 minutes from the Las Vegas Strip. This 2000+ sq. ft home located in a cul-de-sac has an oasis of a backyard with a bbq and pool/spa. Gated front entry door, cozy fireplace, and French door to the backyard. Spacious master bathroom with walk-in shower and jacuzzi tub with ceiling fans in all bedrooms. Neighborhood near both 95 & 215 freeways.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Grand Entries

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $118k307k

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

Neighborhood: Grand Entries

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9761606

* 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
Joseph Neal Steam Academy Primary Regular 688 34 5
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Joseph Neal Steam Academy

  • Education Level: Primary
  • # of students: 688
  • # of teachers: 34
5
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,268
Property Tax -$264
Property Insurance -$67
Property Management Fees -$119
CASH FLOW
$82

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.

$365,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.0%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$30,722

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,791

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,588
1$1,5882$1,8003$1,8004$1,8995$2,000
$2,000
RENT COMPS ANALYSIS
  • 7008 Rotunda Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 7720 Fall Cliff Road Las Vegas, NV 1
    • 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 1993
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,588
    • $0.78
    •  
  • 5712 Heatherwood Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,946 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,946 Sqft ∙ Built 1990
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 5112 Forest Oaks Drive Las Vegas, NV 4
    • 4 beds 4 baths ∙ 2,260 Sqft ∙ Built 1994 4 beds 4 baths ∙ 2,260 Sqft ∙ Built 1994
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.84
    •  
  • 5105 Portraits Place Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 1994
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
PROPERTY LISTING DETAILS
Lee K Barrett
1.702.460.7355
Barrett & Co, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265953
Last Updated: 02/06/2021
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