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7426 Cochise Bend Avenue Las Vegas, NV 89113

3 Beds 2 Baths 1,536 sqft Built 2002

$359,888

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $234.30
  • 3 Days on Market
  • MLS # : 2273115
  • Updated Date : 02/27/2021 at 03:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,536 sqft
  • Baths : 2 full
Listing Agent

Vanguard Realty Group Llc

Listing Agent's Description

LOCATION, LOCATION AND LOCATION, SW stunning 1 story home with 3 beds + Den located in Nevada Trail, two tones paint, ceiling fans, tile floor and Laminated wood floor, Well organized MB close, beautiful landscaping in front and back yard, corner lot, home near Shopping center, Restaurants, Schools and Easily access to freeway 215.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Nevada Trails

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $119k520k

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

Neighborhood: Nevada Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10762069

* 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
Judi D. Steele Elementary School Primary Regular 858 43 8
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Sierra Vista High School High Regular 2,396 88 4

Judi D. Steele Elementary School

  • Education Level: Primary
  • # of students: 858
  • # of teachers: 43
8
GreatSchools Rating

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$323,899$395,877$359,888

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,250
Property Tax -$214
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
$0

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.

$359,888

PROJECTED PRICE

$1,640

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 5.5%
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$101,120

INVESTMENT

$101,120

Down Payment
$89,972
Rehab Estimate
$5,750
Closing Costs
$5,398

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,972
Loan Amount $269,916
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$24,130

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,640

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5903$1,6004$1,6405$1,700
$1,700
RENT COMPS ANALYSIS
  • 7426 Cochise Bend Avenue Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.07
    •  
  • 7654 Pioneer Ranch Avenue Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 2004
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.08
    •  
  • 7874 Mustang Canyon Street #n/a Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2002
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.04
    •  
  • 7423 Cleghorn Canyon Way Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2002
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.04
    •  
  • 7915 Mohican Canyon Street Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2002
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.11
    •  
PROPERTY LISTING DETAILS
Ruey Chyi Tang
1.702.769.7282
Vanguard Realty Group Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2273115
Last Updated: 02/27/2021
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