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7086 Positano Hill Avenue Las Vegas, NV 89178

3 Beds 3 Baths 1,787 sqft Built 2010

$365,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $204.25
  • 6 Days on Market
  • MLS # : 2257150
  • Updated Date : 12/26/2020 at 12:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,787 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

There is No OPEN HOUSE today -PULTE ENERGY EFFICIENT HOME! *EXQUISITELY UPGRADED IN MTNS EDGE !! * HEATED POOL & SPA! *3-BEDROOMS, LOFT, 3 BATHS, 2 CAR GARAGES * REMODELED MASTER BATH & GUEST BATH *9FT CEILING * 6" BASEBOARDS * CEILING CROWN MOLDING *DOOR & WINDOWS MOLDING * SURROUND SOUND PREWIRED * NEW STAINLESS STEEL APPLIANCES (DOUBLE OVEN) * A LARGE KITCHEN ISLAND, GRANITE, CUSTOM CABINETS * MASTER BDR W/BARN DOOR & BALCONY, WALK-IN CLOSET, AND A GORGEOUS REMODELED BATH *CHECK OUT THE OVERSIZED SECONDARY BEDROOM * BEAUTIFUL WOOD FLOOR, CARPET UPSTAIRS AND TILE IN WET AREAS UPSTAIRS * LAUNDRY ROOM W/CABINETS * WATER SOFTENER *TANKLESS WATER HEATER *SECURITY SYSTEM & CAMERAS * FULL VIEW TEMPERED GLASS STORM DOOR * GARAGE WITH OVERHEAD STORAGE AND CABINETS * RELAXING BACKYARD W/COVERED PATIO HEATED POOL & SPA!! ***THIS WON'T LAST -- SEE IT TODAY! **CHECK OUT THE VIRTUAL TOUR !!

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: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10391875

* 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
Carolyn Reedom Elementary School Primary Regular 1,097 58 6
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Carolyn Reedom Elementary School

  • Education Level: Primary
  • # of students: 1,097
  • # of teachers: 58
6
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

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

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,347
Property Tax -$283
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
-$90

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

$1,720

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.4%
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$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$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 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$20,393

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,537

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,6504$1,6505$1,720
$1,720
RENT COMPS ANALYSIS
  • 7086 Positano Hill Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,787 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,787 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.96
    •  
  • 10453 Asana Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2018
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
  • 7204 Burnett Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,892 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,892 Sqft ∙ Built 2007
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 7195 Almerta Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 2007
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 10202 Springside Street #house Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,873 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,873 Sqft ∙ Built 2006
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
PROPERTY LISTING DETAILS
Mei Loh-becker
1.702.325.0799
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257150
Last Updated: 12/26/2020
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