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7367 Desertscape Avenue Las Vegas, NV 89178

5 Beds 5 Baths 3,945 sqft Built 2007

$765,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $193.92
  • 3 Days on Market
  • MLS # : 2249696
  • Updated Date : 11/21/2020 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,945 sqft
  • Baths : 4 full , 1 half
Listing Agent

Blueprint Realty Llc

Listing Agent's Description

Beautiful gated 2 story home located in Mt's Edge. This property features; 5 bedrooms (one down with full bath), 4.5 bathrooms, large game room/loft (upstairs), formal family room, formal living room with beautifully displayed fireplace, additional downstairs room that can be used as an office or storage room, and formal dining room. Large master bedroom with custom walk-in closet. Master bathroom has just been freshly remodeled with unbelievable upgrades! Large 0.37 acre corner cul-de-sac lot (16,611sqft) with all the bells and whistles; pool with solar heating (pool comes equipped with a removable pool fence), Casita with full bath and private patio, RV parking, concrete pad for sport court/basketball, fire pit, covered patio, garden, and play area with grass.  Kitchen has stainless steel appliances, walk-in pantry, nook, large island/breakfast bar and granite countertops. This property is in close proximity to parks, shopping, highways, and schools. THIS IS A MUST SEE!!!

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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: 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
 

$688,500$841,500$765,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$2,823
Property Tax -$561
Property Insurance -$104
Property Management Fees -$119
CASH FLOW
-$916

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.

$765,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.35%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$208,475

INVESTMENT

$208,475

Down Payment
$191,250
Rehab Estimate
$5,750
Closing Costs
$11,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,823

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $191,250
Loan Amount $573,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,976

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,663

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,6003$2,6004$2,6905$2,700
$2,700
RENT COMPS ANALYSIS
  • 7367 Desertscape Avenue Las Vegas, NV 4
    • 5 beds 5 baths ∙ 3,945 Sqft ∙ Built 2007 5 beds 5 baths ∙ 3,945 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.68
    •  
  • 9516 Dawn Heights Court Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.66
    •  
  • 9992 Sky Parlor Road Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,998 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,998 Sqft ∙ Built 2006
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.65
    •  
  • 9545 Stonily Lane Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.72
    •  
  • 7283 Elessar Avenue Las Vegas, NV 5
    • 5 beds 3 baths ∙ 4,036 Sqft ∙ Built 2010 5 beds 3 baths ∙ 4,036 Sqft ∙ Built 2010
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.67
    •  
PROPERTY LISTING DETAILS
Paul-colten G Smith
1.702.325.1999
Blueprint Realty Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249696
Last Updated: 11/21/2020
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