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7208 Eve Court Las Vegas, NV 89145

4 Beds 2 Baths 2,331 sqft Built 1973

$331,795

List Price

$1,840

$1.7K - $2K

Rent Est.

$93,676

Investment Est.

PROPERTY INFO

SINGLE-FAMILY
February 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $142.34
  • 3 Days on Market
  • MLS # : 2271444
  • Updated Date : 02/20/2021 at 05:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,331 sqft
  • Baths : 2 full
Listing Agent

Reiss Properties

Listing Agent's Description

WOW, LOVINGLY MAINTAINED. ROOM FOR EVERYONE, 4Bd,2Bth, FAMILY RM. w/WOOD BURNING/FIRE PLACE. COVERED PATIO/SCREENED. BEAUTIFUL QUATZ FINISHED *POOL*. DOG RUN. -RV PARKING- >CALL ME FOR PRIVATE SHOWING<

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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: Charleston Preservation West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $99k296k

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

Neighborhood: Charleston Preservation West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110011501200125013001350140014501500155016001650Rent in $10761691

* 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
Helen Marie Smith Elementary School Primary Regular 487 30 7
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Bonanza High School High Regular 2,003 83 3

Helen Marie Smith Elementary School

  • Education Level: Primary
  • # of students: 487
  • # of teachers: 30
7
GreatSchools Rating

Walter Johnson Junior High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 50
NA
GreatSchools Rating

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

FINANCIALS

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$298,616$364,975$331,795

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,152
Property Tax -$149
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
$347

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.

$331,795

PROJECTED PRICE

$1,840

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 12.8%
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$1.6M

PROJECTED ANNUAL CASH FLOW

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

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$93,676

INVESTMENT

$93,676

Down Payment		 $82,949
Rehab Estimate		 $5,750
Closing Costs		 $4,977

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,152

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,949
Loan Amount $248,846
See What Happens When You Reinvest Cash Flow

11.42

YEARS SAVED

$57,167

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT

  • $0.79

    LIST RENT PER SQFT

  • $2,086

    COMP ESTIMATED VALUE

  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,799
1$1,7992$1,8003$1,8404$1,8505$1,850
$1,850
RENT COMPS ANALYSIS
  • 7208 Eve Court Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,331 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,331 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.79
    •  
  • 8352 Aspenbrook Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,043 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,043 Sqft ∙ Built 1989
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.88
    •  
  • 7016 Alta Drive Las Vegas, NV 2
    • 5 beds 1 baths ∙ 1,994 Sqft ∙ Built 1971 5 beds 1 baths ∙ 1,994 Sqft ∙ Built 1971
    property image
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
  • 7408 Sunspot Drive Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,045 Sqft ∙ Built 1993
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
  • 1000 Transom Drive Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,045 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,045 Sqft ∙ Built 1993
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
John Mesa
1.702.882.6810
Reiss Properties
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2271444
Last Updated: 02/20/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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