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7124 Boomer Beach Street Las Vegas, NV 89166

3 Beds 2 Baths 1,845 sqft Built 2009

$479,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $259.62
  • 5 Days on Market
  • MLS # : 2263190
  • Updated Date : 01/23/2021 at 01:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,845 sqft
  • Baths : 2 full
Listing Agent

Rossum Realty Unlimited

Listing Agent's Description

Truly immaculate, Providence hard to get one story home! Great spacious floor plan with primary bedroom separate from secondary rooms. Plenty of room in living area and kitchen. Kitchen cabinets with custom pullouts, stainless steal appliances, double oven, Living room features - Reclaimed wood wall & custom lighting, Patio cover w/Built-in custom BBQ w/sink, mini frig & ceiling fans, Above ground outdoor spa, Primary room walk in custom closet. Plantation shutters throughout, Epoxy finished floor in garage with custom cabinetry....to many pluses to list. MUST SEE!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Kensington at Providence

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $119k447k

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

Neighborhood: Kensington at Providence

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10762151

* 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
Henry And Evelyn Bozarth Elementary School Primary Regular 905 40 8
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Centennial High School High Regular 3,055 124 6

Henry And Evelyn Bozarth Elementary School

  • Education Level: Primary
  • # of students: 905
  • # of teachers: 40
8
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$431,100$526,900$479,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,664
Property Tax -$326
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
-$492

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.

$479,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.0%
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-$10k-$5.0k$0.0$5.0k$10k

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$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,664

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,256

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,693

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,6254$1,6505$1,680
$1,680
RENT COMPS ANALYSIS
  • 7124 Boomer Beach Street Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,845 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.91
    •  
  • 7323 Puddle Duck Street #none Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,660 Sqft ∙ Built 2014
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 7226 Regent Pond Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,649 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,649 Sqft ∙ Built 2007
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 10641 Jamestown Square Avenue Las Vegas, NV 3
    • 3 beds 4 baths ∙ 1,844 Sqft ∙ Built 2012 3 beds 4 baths ∙ 1,844 Sqft ∙ Built 2012
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.88
    •  
  • 10441 Hartford Hills Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,797 Sqft ∙ Built 2015
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
PROPERTY LISTING DETAILS
Ginie' W Harris
1.702.460.5436
Rossum Realty Unlimited
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263190
Last Updated: 01/23/2021
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