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7225 Hawk Haven Street Las Vegas, NV 89131

3 Beds 2 Baths 1,668 sqft Built 1998

$375,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $224.82
  • 11 Days on Market
  • MLS # : 2276009
  • Updated Date : 03/09/2021 at 22:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,668 sqft
  • Baths : 2 full
Listing Agent

General Realty Group Inc

Listing Agent's Description

NEW LISTING! BEAUTIFUL SINGLE STORY IN EAGLE HEIGHTS AT ELKHORN SPRINGS ! 89131 ! 3 BEDROOMS! 2 BATHROOMS! RV SPACE ! GREAT FLOOR PLAN ON A LARGE LOT! LARGE LIVING ROOM! LARGE OPEN FAMILY/DINING ROOM ! VAULTED CEILINGS! OPEN KITCHEN WITH BEAKFAST BAR AND BREAKFAST NOOK! LARGE MASTER BEDROOM WITH MASTER RETREAT/SITTING AREA! MASTER BATHROOM WITH SEPARATE TUB AND WALKIN SHOWER! DOUBLE SINKS! LARGE CLOSET! LARGE BACKYARD AND SIDEYARD! FULL PATIO COVER! LOTS OF ROOM IN YARD TO DESIGN YOUR DREAM YARD! WALK OUT YOU FRONT DOOR AND WALK TO 2 PARKS! CENTENNIAL DOG PARK! CLOSE TO SHOPPING! SCHOOLS! FREEWAY! MUST SEE ! HURRY !

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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: Eagle Heights at Elkhorn Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Eagle Heights at Elkhorn Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10281606

* 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
Betsey Rhodes Elementary School Primary Regular 664 36 8
Ralph Cadwallader Middle School Middle Regular 1,480 63 NA
Arbor View High School High Regular 2,878 116 9

Betsey Rhodes Elementary School

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 36
8
GreatSchools Rating

Ralph Cadwallader Middle School

  • Education Level: Middle
  • # of students: 1,480
  • # of teachers: 63
NA
GreatSchools Rating

Arbor View High School

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

$337,500$412,500$375,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,303
Property Tax -$220
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$271

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.

$375,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$5,782

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,572

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,5453$1,5504$1,5505$1,550
$1,550
RENT COMPS ANALYSIS
  • 7225 Hawk Haven Street Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.86
    •  
  • 7816 Evident Court #0 Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1998
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.98
    •  
  • 7321 Tealwood Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1997
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
  • 7416 Pinto Bluff Street Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1997
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 7825 Evident Court Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1998
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jay Dana
1.702.524.0634
General Realty Group Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2276009
Last Updated: 03/09/2021
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