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7408 Royal Crystal Street Las Vegas, NV 89149

4 Beds 4 Baths 3,529 sqft Built 2005

INVESTimate

$514,900

List Price

$2,460

$2,214 - $2,706

Rent Est.

$568,038  ( +10.32%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $145.91
  • 6 Days on Market
  • MLS # : 2224095
  • Updated Date : 08/22/2020 at 15:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,529 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

***VIEWS***CORNER LOT***GOURMET KITCHEN*** Stunning entertainer’s dream home by Toll Brothers in a beautiful gated neighborhood with walking paths and green space. Upgrades all throughout the home starting with the gourmet kitchen boasting granite counters, custom built-in fridge and butler’s pantry. Master suite with sitting room and full balcony to enjoy the views. Downstairs bedroom complete with en suite bathroom. Large corner lot on the green belt with a three car garage. Easy desert-style fully landscaped backyard with more than enough room to put in a pool and spa. Energy efficient tinted windows, tile throughout the home, and gated front courtyard.

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: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Sandra L. Thompson Elementary School Primary Regular 798 39 8
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Arbor View High School High Regular 2,878 116 9

Sandra L. Thompson Elementary School

  • Education Level: Primary
  • # of students: 798
  • # of teachers: 39
8
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Arbor View High School

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

$463,410$566,390$514,900

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,900
Property Tax -$435
Property Insurance -$96
HOA -$79
Property Management Fees -$119
CASH FLOW
-$169

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.

$514,900

PROJECTED PRICE

$2,460

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.32%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,199

INVESTMENT

$142,199

Down Payment
$128,725
Rehab Estimate
$5,750
Closing Costs
$7,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,725
Loan Amount $386,175
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$23,484

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,453

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,4604$2,5005$2,795
$2,795
RENT COMPS ANALYSIS
  • 7408 Royal Crystal Street Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,529 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,529 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $0.70
    •  
  • 7408 Midnight Rambler Street Las Vegas, NV 1
    • 4 beds 4 baths ∙ 3,402 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,402 Sqft ∙ Built 2004
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.62
    •  
  • 7414 Dumbarton Oaks Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,401 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,401 Sqft ∙ Built 2007
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.65
    •  
  • 9360 White Waterfall Avenue Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,546 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,546 Sqft ∙ Built 2006
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.71
    •  
  • 9616 University Ridge Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,485 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,485 Sqft ∙ Built 2015
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.80
    •  
PROPERTY LISTING DETAILS
Heather Torgersen
1.702.416.8618
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224095
Last Updated: 08/22/2020
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