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7233 Pepperbox Avenue Las Vegas, NV 89179

4 Beds 3 Baths 1,820 sqft Built 2010

$340,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $186.81
  • 7 Days on Market
  • MLS # : 2262425
  • Updated Date : 01/22/2021 at 23:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,820 sqft
  • Baths : 3 full
Listing Agent

Rothwell Gornt Companies

Listing Agent's Description

4 Bedroom, 3 FULL Bathrooms, Bedroom and Bathroom downstairs, Brand NEW Flooring in the upstairs bathrooms. Mountains Views, no houses in front of you, with VERY Private back yard. All stainless steel appliances included, upgraded Dishwasher is less than 3 months old and dryer is less than 6 months with a 10 yr warranty. Also, comes with an extra water heater. LOCATED IN THE MASTER PLANNED MOUNTAINS EDGE COMMUNITY. THE MOUNTAINS EDGE COMMUNITY OFFERS: 3 PARKS, DOG PARKS , WALKING TRAILS, HIKING AND MUCH MORE.

SEE MORE

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: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10391875

* 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
Carolyn Reedom Elementary School Primary Regular 1,097 58 6
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Carolyn Reedom Elementary School

  • Education Level: Primary
  • # of students: 1,097
  • # of teachers: 58
6
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,181
Property Tax -$233
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
-$65

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.

$340,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.4%
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

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$16,920

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,665

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5303$1,6504$1,6905$1,700
$1,700
RENT COMPS ANALYSIS
  • 7233 Pepperbox Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,820 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.84
    •  
  • 7067 Leadville Peak Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,655 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,655 Sqft ∙ Built 2012
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 7255 Pepperbox Avenue #0 Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,820 Sqft ∙ Built 2010
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 7032 Placid Lake Avenue #0 Las Vegas, NV 4
    • 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 2015
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.91
    •  
  • 10637 Cliff Lake Street Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,830 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,830 Sqft ∙ Built 2012
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
PROPERTY LISTING DETAILS
Angela C Adams
1.702.466.3431
Rothwell Gornt Companies
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262425
Last Updated: 01/22/2021
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