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7218 Sashaying Spirit Court Las Vegas, NV 89131

5 Beds 5 Baths 4,481 sqft Built 2007

$800,000

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $178.53
  • 4 Days on Market
  • MLS # : 2257195
  • Updated Date : 12/24/2020 at 12:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,481 sqft
  • Baths : 4 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Welcome to this meticulously maintained gorgeous home with pool/spa with rock waterfall. This backyard is amazing, mature landscaping, large grassy area. Dual masters upstairs one down. 2 dens perfect for all of those working at home now or homeschooling. 1st den is downstairs w/ dual doors. When you enter enjoy gorgeous wood looking tile floors, grand staircase opens up to your formal living room,formal dining room with large windows which wraps around to the heart of the home which is your large extended kitchen, modern white cabinets, gorgeous granite countertops, stainless steel appliance package, large breakfast bar, modern cabinet pulls, Oversized family room with ceiling fans. Upstairs master suite is massive with secondary sitting room, balcony, shutters, three-way fireplace which leads you into master en-suite, dual sinks, large walk-in shower, separate large Roman soaking tub, massive walk-in closet, all guest bedrooms are oversized with upgraded bathrooms. 2nd den upstairs.

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: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Howard Heckethorn Elementary School Primary Regular 657 35 7
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Howard Heckethorn Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 35
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
 

$720,000$880,000$800,000

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$2,952
Property Tax -$503
Property Insurance -$114
Property Management Fees -$119
CASH FLOW
-$507

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.

$800,000

PROJECTED PRICE

$3,180

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,952

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $200,000
Loan Amount $600,000
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$20,402

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,159

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$3,2004$3,2005$3,400
$3,400
RENT COMPS ANALYSIS
  • 7218 Sashaying Spirit Court Las Vegas, NV 1
    • 5 beds 5 baths ∙ 4,481 Sqft ∙ Built 2007 5 beds 5 baths ∙ 4,481 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7416 Cardigan Bay Street #0 Las Vegas, NV 2
    • 5 beds 4 baths ∙ 4,331 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,331 Sqft ∙ Built 2005
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.60
    •  
  • 6909 Via Bella Luna Avenue Las Vegas, NV 3
    • 5 beds 6 baths ∙ 4,608 Sqft ∙ Built 2004 5 beds 6 baths ∙ 4,608 Sqft ∙ Built 2004
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.69
    •  
  • 5869 Thai Coast Las Vegas, NV 4
    • 5 beds 5 baths ∙ 4,194 Sqft ∙ Built 2005 5 beds 5 baths ∙ 4,194 Sqft ∙ Built 2005
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.76
    •  
  • 6009 Jubilee Gardens Avenue #0 Las Vegas, NV 5
    • 5 beds 4 baths ∙ 4,429 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,429 Sqft ∙ Built 2005
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.77
    •  
PROPERTY LISTING DETAILS
Jillian M Batchelor
1.702.595.8036
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257195
Last Updated: 12/24/2020
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