Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7532 Pepperbox Avenue Las Vegas, NV 89179

4 Beds 3 Baths 2,695 sqft Built 2010

INVESTimate

$399,999

List Price

$1,990

$1,791 - $2,189

Rent Est.

$433,759  ( +8.44%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2010
  • Price/Sqft : $148.42
  • 9 Days on Market
  • MLS # : 2223441
  • Updated Date : 08/25/2020 at 11:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,695 sqft
  • Baths : 3 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

IMMACULATE !!!PARDEE PRIDE OF OWNERSHIP HOME~ Better than the Model~Upgraded to the Max !!!Upgrades include~Real Engineered Hard wood Floors in all common Area~All SS kitchen Appliances stay~Plantation Shutters thru out,Central Vacuum,Epoxy Garage,Projector Screen Stays in the loft upstairs not the projector. Built in IKEA Shelf's stay in the loft Area~Security system Stays,5'' baseboards,All bedrooms with fans,Custom Closets many custom designed items seen thru out the home makes this Home a Showcase Home for your buyers !!!Easy Manicured Turf lawn in the Backyard ~FULL length Patio Front enclosed Sitting Area~~Bring your Fussiest Buyers with a toothbrush & move in Today !!!A MUST SEE !!!~PLEASE READ AGENT TO AGENT REMARK PRIOR.

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: 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
 

$359,999$439,999$399,999

PURCHASE PRICE

$1,791$2,189$1,990

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

PROJECTED ANNUAL CASH FLOW

11530$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,476
Property Tax -$300
Property Insurance -$79
HOA -$32
Property Management Fees -$119
CASH FLOW
-$16

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.

$399,999

PROJECTED PRICE

$1,990

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.44%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $299,999
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$29,591

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,988

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$1,9504$1,9905$2,000
$2,000
RENT COMPS ANALYSIS
  • 7532 Pepperbox Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,695 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.74
    •  
  • 10624 Entrance Arch Street #0 Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,694 Sqft ∙ Built 2010
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.72
    •  
  • 10820 Woods Hole Bay Street Las Vegas, NV 2
    • 4 beds 4 baths ∙ 2,540 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,540 Sqft ∙ Built 2018
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 10617 Stronghold Las Vegas, NV 3
    • 4 beds 4 baths ∙ 2,695 Sqft ∙ Built 2010 4 beds 4 baths ∙ 2,695 Sqft ∙ Built 2010
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.72
    •  
  • 10604 Entrance Arch Street #0 Las Vegas, NV 5
    • 4 beds 4 baths ∙ 2,694 Sqft ∙ Built 2010 4 beds 4 baths ∙ 2,694 Sqft ∙ Built 2010
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.74
    •  
PROPERTY LISTING DETAILS
Alex J Coelho
1.702.349.4775
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223441
Last Updated: 08/25/2020
BESbswy