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7473 Singing Tree Street Las Vegas, NV 89123

4 Beds 2 Baths 4,086 sqft Built 1997

$925,000

List Price

$3,810

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $226.38
  • 3 Days on Market
  • MLS # : 2248148
  • Updated Date : 11/13/2020 at 15:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,086 sqft
  • Baths : 2 full
Listing Agent

Marshall Stearns Real Estate

Listing Agent's Description

Former model home in culdesac with many upgrades. Professional grade kitchen appliances, custom cabinets, landscaped with gorgeous pool/waterfall. Located in guard gated community, close to freeway, shopping and schools.

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: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Louis Wiener Jr Elementary School Primary Regular 701 39 7
Jack L. Schofield Middle School Middle Regular 1,332 51 NA
Silverado High School High Regular 2,263 94 5

Louis Wiener Jr Elementary School

  • Education Level: Primary
  • # of students: 701
  • # of teachers: 39
7
GreatSchools Rating

Jack L. Schofield Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 51
NA
GreatSchools Rating

Silverado High School

  • Education Level: High
  • # of students: 2,263
  • # of teachers: 94
5
GreatSchools Rating
 

$832,500$1,017,500$925,000

PURCHASE PRICE

$3,429$4,191$3,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,810
EXPENSES Loan Payment -$3,413
Property Tax -$544
Property Insurance -$106
Property Management Fees -$119
CASH FLOW
-$372

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.

$925,000

PROJECTED PRICE

$3,810

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$250,875

INVESTMENT

$250,875

Down Payment
$231,250
Rehab Estimate
$5,750
Closing Costs
$13,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,413

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $231,250
Loan Amount $693,750
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$40,518

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,810

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $3,902

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$3,650
1$3,6502$3,8103$4,0004$4,0005$4,200
$4,200
RENT COMPS ANALYSIS
  • 7473 Singing Tree Street Las Vegas, NV 2
    • 4 beds 2 baths ∙ 4,086 Sqft ∙ Built 1997 4 beds 2 baths ∙ 4,086 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $3,810
    • $0.93
    •  
  • 144 Robindale Las Vegas, NV 1
    • 5 beds 2 baths ∙ 3,915 Sqft ∙ Built 1997 5 beds 2 baths ∙ 3,915 Sqft ∙ Built 1997
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $0.93
    •  
  • 3994 Jacob Lake Circle Las Vegas, NV 3
    • 5 beds 4 baths ∙ 4,201 Sqft ∙ Built 2017 5 beds 4 baths ∙ 4,201 Sqft ∙ Built 2017
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.95
    •  
  • 430 Las Alturas Avenue Las Vegas, NV 4
    • 5 beds 4 baths ∙ 4,088 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,088 Sqft ∙ Built 2007
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.98
    •  
  • 8470 Angel River Street Las Vegas, NV 5
    • 4 beds 3 baths ∙ 4,391 Sqft ∙ Built 2007 4 beds 3 baths ∙ 4,391 Sqft ∙ Built 2007
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $0.96
    •  
PROPERTY LISTING DETAILS
Sean Marshall
1.702.840.1022
Marshall Stearns Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248148
Last Updated: 11/13/2020
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