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7620 Schuders Avenue Las Vegas, NV 89178

4 Beds 3 Baths 3,062 sqft Built 2010

$419,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $136.84
  • 2 Days on Market
  • MLS # : 2257631
  • Updated Date : 12/26/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,062 sqft
  • Baths : 2 full , 1 half
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

YOUR FUTURE DREAM HOME AWAITS! 2 STORY- 4 BED 2 1/2 BATH HOME LOCATED IN THE SOUTHWEST! UPGRADED KITCHEN FEATURING GRANITE C-TOPS AND SS APPLIANCES. FRESHLY PAINTED DOWSTAIRS. UPGRADED FLOORING- LARGE TILE/LAMINATE WOOD THROUGHOUT. CUSTOM WHITE WOOD SHUTTERS. STEP INTO THE MASSIVE MASTER BEDROOM OASIS COMPLETE WITH A SITTING ROOM AND FIREPLACE WITH SPECTACULAR MOUNTAIN VIEWS. LARGE CLOSET AND MASTER BATH THAT FEATURES DOUBLE VANITIES AND SEPERATE SHOWER/TUB. UPSTAIRS HAS AN EXTRA LARGE LOFT WITH WINDOW AND CUSTOM WALL. THE ORIGINAL STAIRCASE IS HIDDEN WITHIN THE WALL, NEW OWNER CAN OPEN IT OR KEEP AS IS. LARGE BEDROOMS. BACKYARD IS FULLY LANDSCAPED WITH TONS OF PRIVACY! GREAT FOR ENTERTAINING!! HOME IS MOVE IN READY- SO MANY FEATURES AND UPGRADES TO LIST- CALL TODAY TO SEE THIS BEAUTY- DON'T WAIT!

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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: 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
 

$377,100$460,900$419,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,546
Property Tax -$321
Property Insurance -$86
Property Management Fees -$119
CASH FLOW
-$3

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.

$419,000

PROJECTED PRICE

$2,070

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.4%
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

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$32,714

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,097

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0703$2,1004$2,2505$2,400
$2,400
RENT COMPS ANALYSIS
  • 7620 Schuders Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,062 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,062 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.68
    •  
  • 10280 Kadumba Street Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,238 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,238 Sqft ∙ Built 2008
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.62
    •  
  • 7743 Windy Meadow Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 3,145 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,145 Sqft ∙ Built 2006
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.67
    •  
  • 7253 Almerta Avenue Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,238 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,238 Sqft ∙ Built 2007
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.69
    •  
  • 10450 Val Piora Street Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,164 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,164 Sqft ∙ Built 2010
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
PROPERTY LISTING DETAILS
Andrew J Grasso
1.702.400.4782
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257631
Last Updated: 12/26/2020
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