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727 Sea Pines Lane Las Vegas, NV 89107

2 Beds 1 Baths 1,488 sqft Built 1985

$230,000

List Price

$1,310

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $154.57
  • 7 Days on Market
  • MLS # : 2250592
  • Updated Date : 12/01/2020 at 23:30
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,488 sqft
  • Baths : 1 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Charming single story two bedroom town home with spacious bedrooms and a functional layout. The living room has vaulted ceilings, wood burning fireplace and lots of natural light. The kitchen has a garden window and over looks the formal dining room. The home has a covered patio. The garage has been converted to an additional bedroom. The community has a pool, walking trails and a park. The development is near shopping, retail and great freeway access.

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: Twin Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $80k296k

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

Neighborhood: Twin Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29009501000105011001150120012501300135014001450150015501600Rent in $8871603

* 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
E.w. Griffith Elementary School Primary Regular 578 27 3
Robert O. Gibson Middle School Middle Magnet 1,293 57 NA
Western High School High Regular 2,534 112 2

E.w. Griffith Elementary School

  • Education Level: Primary
  • # of students: 578
  • # of teachers: 27
3
GreatSchools Rating

Robert O. Gibson Middle School

  • Education Level: Middle
  • # of students: 1,293
  • # of teachers: 57
NA
GreatSchools Rating

Western High School

  • Education Level: High
  • # of students: 2,534
  • # of teachers: 112
2
GreatSchools Rating
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$849
Property Tax -$153
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
$133

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$230,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 12.5%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$29,631

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,321

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,1003$1,1954$1,2505$1,310
$1,310
RENT COMPS ANALYSIS
  • 727 Sea Pines Lane Las Vegas, NV 5
    • 2 beds 1 baths ∙ 1,488 Sqft ∙ Built 1985 2 beds 1 baths ∙ 1,488 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.88
    •  
  • 1721 Anzio Street Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,152 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,152 Sqft ∙ Built 1988
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.91
    •  
  • 5925 Bromley #5925 Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,159 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,159 Sqft ∙ Built 1972
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.95
    •  
  • 839 Spyglass Lane Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,488 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,488 Sqft ∙ Built 1978
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.80
    •  
  • 452 Strawflower Road Las Vegas, NV 4
    • 2 beds 1 baths ∙ 1,406 Sqft ∙ Built 1989 2 beds 1 baths ∙ 1,406 Sqft ∙ Built 1989
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.89
    •  
PROPERTY LISTING DETAILS
Nicole R Tomlinson
1.702.528.4360
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250592
Last Updated: 12/01/2020
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