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7194 Sage Wren Court Las Vegas, NV 89148

5 Beds 3 Baths 3,524 sqft Built 2017

$550,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $156.07
  • 6 Days on Market
  • MLS # : 2271859
  • Updated Date : 02/27/2021 at 01:49
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,524 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

What a STUNNER!!!! Enter through a spectacular custom wrought iron gate into a charming courtyard with synthetic grass. Beautifully appointed two story, 5 bedroom home! Open concept living with high ceilings and large windows! The kitchen features a breakfast bar, large island, custom cabinetry, a large pantry and nook. The spacious Primary bedroom includes a sitting area, walk in closet, and a Primary En-Suite bath with a relaxing soaking tub and make-up area! Secondary bedrooms all with ceiling fans and great space plus 5th bedroom is downstairs with an En-suite Bath. The Den downstairs and the loft upstairs offers lots of options!! The backyard has a beautiful covered brick patio. The home is also equipped with a Broan whole house ventilation system, Tankless water heater and a State of the Art Home Security System with exterior cameras. A Must SEE! All of this in the Gated Community of Copper Ridge right next to Summerlin & Wet and Wild Water Park. Close to the 215 & Shopping

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: Summerlin South

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $119k441k

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

Neighborhood: Summerlin South

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10011875

* 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
Shelley Berkley Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Shelley Berkley Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$1,910
Property Tax -$430
Property Insurance -$95
Property Management Fees -$119
CASH FLOW
$215

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.

$550,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.1%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$55,976

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,890

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,7703$2,8004$2,9405$3,000
$3,000
RENT COMPS ANALYSIS
  • 7194 Sage Wren Court Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,524 Sqft ∙ Built 2017 5 beds 3 baths ∙ 3,524 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.79
    •  
  • 7212 Willow Moss Las Vegas, NV 1
    • 4 beds 4 baths ∙ 3,386 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,386 Sqft ∙ Built 2017
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.75
    •  
  • 45 Misty Springs Court Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,407 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,407 Sqft ∙ Built 2001
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.82
    •  
  • 54 Tamarron Cliffs Street Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,470 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,470 Sqft ∙ Built 2001
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,940
    • $0.85
    •  
  • 59 Big Creek Court Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,470 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,470 Sqft ∙ Built 2001
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.86
    •  
PROPERTY LISTING DETAILS
Hollis Levecci
1.702.296.8204
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2271859
Last Updated: 02/27/2021
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