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7609 Marluna Court Las Vegas, NV 89128

5 Beds 2 Baths 3,157 sqft Built 1991

$539,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $170.73
  • 6 Days on Market
  • MLS # : 2257161
  • Updated Date : 12/26/2020 at 10:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,157 sqft
  • Baths : 2 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

72-HR home sale. New listing- inquire immediately. The sellers have packed and are ready to down-size. They are buyer-$ensitive and have priced home below comparables. Desert Shores is a is unique and highly sought-after recreation-oriented, resort-style community. It offers miles of walking, running & biking trails. It features four lakes, a lagoon, a clubhouse, and a business plaza. It's also home to the highly acclaimed-Marche Bacchus French Bistro & Wine Market. No other community in Vegas is quite like this one! This beautiful Richmond American home sits on a huge lot, is surrounded by mature landscaping and has no (east) side or rear neighbors. Home has been newly renovated with high-end touches - Custom-Customs entry gate, Pergo LVP, custom lighting, California Closets walk-in pantry, Renewal by Andersen Patio Doors, ThermaSpa hot tub, quartz epoxy in garage-and much more! Call today to schedule a viewing* of this one-of-a-kind. *Special COVID viewing protocols apply.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Desert Shores

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Desert Shores

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761945

* 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
Dorothy Eisenberg Elementary School Primary Regular 609 33 6
Ernest Becker Middle School Middle Regular 1,392 56 NA
Cimarron Memorial High School High Regular 2,541 102 3

Dorothy Eisenberg Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 33
6
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Cimarron Memorial High School

  • Education Level: High
  • # of students: 2,541
  • # of teachers: 102
3
GreatSchools Rating
 

$485,100$592,900$539,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$1,989
Property Tax -$307
Property Insurance -$88
Property Management Fees -$119
CASH FLOW
$97

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.

$539,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$148,585

INVESTMENT

$148,585

Down Payment
$134,750
Rehab Estimate
$5,750
Closing Costs
$8,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,750
Loan Amount $404,250
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$54,792

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,620

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3503$2,6004$2,8005$3,100
$3,100
RENT COMPS ANALYSIS
  • 7609 Marluna Court Las Vegas, NV 3
    • 5 beds 2 baths ∙ 3,157 Sqft ∙ Built 1991 5 beds 2 baths ∙ 3,157 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.82
    •  
  • 2636 Ohio Las Vegas, NV 1
    • 4 beds 2 baths ∙ 3,245 Sqft ∙ Built 1989 4 beds 2 baths ∙ 3,245 Sqft ∙ Built 1989
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.69
    •  
  • 8224 Ocean Terrace Way Las Vegas, NV 2
    • 4 beds 2 baths ∙ 3,099 Sqft ∙ Built 1990 4 beds 2 baths ∙ 3,099 Sqft ∙ Built 1990
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.76
    •  
  • 7636 Genesis Court #0 Las Vegas, NV 4
    • 4 beds 2 baths ∙ 3,157 Sqft ∙ Built 1990 4 beds 2 baths ∙ 3,157 Sqft ∙ Built 1990
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.89
    •  
  • 2708 Green Bay Drive Las Vegas, NV 5
    • 5 beds 2 baths ∙ 3,157 Sqft ∙ Built 1989 5 beds 2 baths ∙ 3,157 Sqft ∙ Built 1989
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Deshaun D Tellez
1.702.885.4383
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257161
Last Updated: 12/26/2020
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