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760 San Jacoma Place Las Vegas, NV 89138

3 Beds 3 Baths 2,538 sqft Built 2004

$599,999

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $236.41
  • 5 Days on Market
  • MLS # : 2242290
  • Updated Date : 11/12/2020 at 12:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,538 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

This house is located in the Summerlin Vista's. Large park just outside the subdivision. Large gated courtyard entry to the front door with custom pavers in the courtyard and driveway. This is a 3 bedroom and loft, which could be converted into a 4th bedroom. There is a Balcony off the Master bedroom that you can get some strip and city views as well as the beautifully designed backyard with an upgraded Pebble Tec Pool and Spa. The garage is a 3 car Tandem garage which is great for storage. The house has shutters, a kitchen with lots of upgraded cabinets, upgraded granite counter tops and back splash, stainless appliances, and Island. The laundry room has custom cabinets and a deep sink, lots of storage closets, Work bench in the garage, Speakers in Great room, loft and patio, Nice dog run at side of house, Built-in BBQ with Granite top, Only one HOA fee and SID almost paid off. Enjoy all that Summerlin has to offer with Shopping, Restaurants, gaming as well as sporting events.

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: The Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k457k

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

Neighborhood: The Vistas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10762145

* 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
Linda Rankin Givens Elementary School Primary Regular 1,100 52 9
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Linda Rankin Givens Elementary School

  • Education Level: Primary
  • # of students: 1,100
  • # of teachers: 52
9
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$539,999$659,999$599,999

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$2,214
Property Tax -$424
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$353

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.

$599,999

PROJECTED PRICE

$2,480

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.9%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $150,000
Loan Amount $449,999
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$17,249

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,525

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,4503$2,4804$2,5005$2,800
$2,800
RENT COMPS ANALYSIS
  • 760 San Jacoma Place Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,538 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,538 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.98
    •  
  • 768 Viscanio Place Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,542 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,542 Sqft ∙ Built 2005
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.89
    •  
  • 753 Viscanio Place Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 2005
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.97
    •  
  • 11440 Via Spiga Drive #0 Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,448 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,448 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.02
    •  
  • 11424 West Valentino Lane Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,538 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.10
    •  
PROPERTY LISTING DETAILS
Glenn J Vogel
1.702.510.8781
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2242290
Last Updated: 11/12/2020
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