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7120 Woodpeckers Court North Las Vegas, NV 89084

3 Beds 3 Baths 2,381 sqft Built 2011

$369,900

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2011
  • Price/Sqft : $155.35
  • 3 Days on Market
  • MLS # : 2246553
  • Updated Date : 11/06/2020 at 20:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,381 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

AMAZING HOME IN ALIANTE WITH COURTYARD ENTRY & 3-CAR GARAGE!! RELAXING COURTYARD WITH PAVERS WILL LEAD YOU TO THE FRONT ENTRY & SPACIOUS GREAT ROOM. UPGRADED KITCHEN WITH ISLAND, GRANITE COUNTER TOPS, FULL BACKSPLASH & STAINLESS STEEL APPLIANCES. DOWNSTAIRS DEN CAN BE CONVERTED TO 4TH BEDROOM. UPSTAIRS HAS HUGE LOFT WITH 2 FLOOR TO CEILING WINDOWS. MASTER BEDROOM IS HUGE & BRIGHT WITH 2 FLOOR TO CEILING WINDOWS. MASTER BATH WITH DUAL SINK, SEPARATE SHOWER & TUB. OTHER GUEST BEDROOMS ARE GOOD SIZED & BRIGHT. FRONT HAS PAVERED DRIVEWAY, MATURE TREES & SHRUBS. LARGE BACKYARD WITH PAVERED COVERED PATIO, GRASS AREA, MATURE TREES & SHRUBS AND GRAVEL LANDSCAPING. THIS HOME IS LOCATED NEAR SHOPPING, DINING, CASINO, VA HOSPITAL & EASY ACCESS TO 215 BELTWAY.

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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: Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k362k

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

Neighborhood: Aliante

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9671963

* 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
Vincent L. Triggs Elementary School Primary Regular 761 40 7
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Vincent L. Triggs Elementary School

  • Education Level: Primary
  • # of students: 761
  • # of teachers: 40
7
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
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,365
Property Tax -$320
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
-$27

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.

$369,900

PROJECTED PRICE

$1,850

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.2%
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$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$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$26,064

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,899

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6503$1,8504$1,9005$1,900
$1,900
RENT COMPS ANALYSIS
  • 7120 Woodpeckers Court North Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,381 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,381 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
  • 7090 Seabirds Place North Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,206 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,206 Sqft ∙ Built 2006
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.71
    •  
  • 7125 Weavers Place Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,239 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,239 Sqft ∙ Built 2012
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.74
    •  
  • 7268 Bugler Swan North Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.87
    •  
  • 7263 Bugler Swan North Las Vegas, NV 5
    • 3 beds 2 baths ∙ 2,196 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,196 Sqft ∙ Built 2005
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.87
    •  
PROPERTY LISTING DETAILS
Kaori S Guerra
1.702.496.7372
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246553
Last Updated: 11/06/2020
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