Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7228 Hawk Haven Street Las Vegas, NV 89131

3 Beds 2 Baths 1,668 sqft Built 1998

$325,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $194.84
  • 4 Days on Market
  • MLS # : 2269556
  • Updated Date : 02/13/2021 at 15:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,668 sqft
  • Baths : 2 full
Listing Agent

Realty Expertise

Listing Agent's Description

MUST SEE!!! Highly Upgraded One Story Home in 89131. PRIDE OF OWNERSHIP throughout! Gorgeous Laminate Wood and Tile Flooring. Gourmet Kitchen with Granite Countertops, Stainless Steel Appliances, Lots of Cabinet Space, and Breakfast Bar. Vaulted Ceilings throughout Home. Remodeled Master Bath Features HUGE Walk-In Shower. Generous Size Master Bedroom w/ Master Retreat Area. Spacious Backyard with Covered Patio, Stamped Concrete, and Bulit-In BBQ. Elevated Lot from Neighbors Behind. Walking Distance to 2 Parks Including Centennial Hills Dog Park. Close to Schools, Shopping, and Freeways. The List Goes On...THIS WON'T LAST!!!

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: 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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,129
Property Tax -$219
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$46

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.

$325,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.46%

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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$17,033

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,476

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,5253$1,5504$1,5505$1,561
$1,561
RENT COMPS ANALYSIS
  • 7228 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
    •  
    • $1,480
    • $0.89
    •  
  • 7716 Meadowrobin Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,768 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,768 Sqft ∙ Built 1997
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.86
    •  
  • 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
    •  
  • 7732 Thorne Pine Avenue Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1997
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,561
    • $0.87
    •  
PROPERTY LISTING DETAILS
Eddie Meese
1.702.217.8012
Realty Expertise
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269556
Last Updated: 02/13/2021
BESbswy