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7224 Puckershire Street Las Vegas, NV 89166

5 Beds 3 Baths 4,422 sqft Built 2010

$560,000

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $126.64
  • 5 Days on Market
  • MLS # : 2256253
  • Updated Date : 12/17/2020 at 18:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,422 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Don't miss on a great opportunity to call this house a home. Located in the master plan community of Providence. Features 5 bedrooms and 3 full bathrooms with bedroom and bathroom on the first floor. Family room with cozy fireplace. Large well maintained backyard with covered patio. Master bedroom is on the second floor with private den/office and balcony looking over the Strip and mountains. Formal living and dining room. Kitchen is for master chef equipped with island ,double oven, granite countertops, maple cabinets and tile flooring. Too many upgrades to describe it has to be seen to appreciate. Seller will pay towards flooring. Put in an offer today. Tomorrow will be gone.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Cliffs Edge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Cliffs Edge

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
Henry And Evelyn Bozarth Elementary School Primary Regular 905 40 8
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Arbor View High School High Regular 2,878 116 9

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

Arbor View High School

  • Education Level: High
  • # of students: 2,878
  • # of teachers: 116
9
GreatSchools Rating
 

$504,000$616,000$560,000

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$2,066
Property Tax -$491
Property Insurance -$113
Property Management Fees -$119
CASH FLOW
-$219

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.

$560,000

PROJECTED PRICE

$2,570

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.9%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$23,192

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,570

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $2,587

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$2,425
1$2,4252$2,5003$2,5704$2,6005$2,800
$2,800
RENT COMPS ANALYSIS
  • 7224 Puckershire Street Las Vegas, NV 3
    • 5 beds 3 baths ∙ 4,422 Sqft ∙ Built 2010 5 beds 3 baths ∙ 4,422 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $0.58
    •  
  • 7305 North Great Dover Street Las Vegas, NV 1
    • 5 beds 3 baths ∙ 4,449 Sqft ∙ Built 2007 5 beds 3 baths ∙ 4,449 Sqft ∙ Built 2007
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $0.55
    •  
  • 7575 Lassen Peak Circle Las Vegas, NV 2
    • 5 beds 4 baths ∙ 4,374 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,374 Sqft ∙ Built 2007
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.57
    •  
  • 10209 Dove Row Avenue Las Vegas, NV 4
    • 5 beds 3 baths ∙ 4,422 Sqft ∙ Built 2007 5 beds 3 baths ∙ 4,422 Sqft ∙ Built 2007
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.59
    •  
  • 9481 Kickapoo Avenue Las Vegas, NV 5
    • 5 beds 4 baths ∙ 4,471 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,471 Sqft ∙ Built 2006
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.63
    •  
PROPERTY LISTING DETAILS
Radostina Encheva
1.702.292.1156
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256253
Last Updated: 12/17/2020
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