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7637 Lani Dawn Street Las Vegas, NV 89149

3 Beds 3 Baths 2,422 sqft Built 2006

$399,999

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $165.15
  • 4 Days on Market
  • MLS # : 2272558
  • Updated Date : 02/25/2021 at 10:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,422 sqft
  • Baths : 2 full , 1 half
Listing Agent

Simply Vegas

Listing Agent's Description

This exquisite 2,422 sq. ft. property nestled in the Northwest side of town is sure to delight! This Open Concept Floor Plan features Plantation Shutters, Porcelain Tile, Crown Moulding on Kitchen Cabinets, Granite Countertops, Granite Island w/extra Cabinets, Fireplace, Recessed Lighting, Ceiling Fans throughout and much more!!! As you approach your new home you'll be greeted by a Paved Driveway, Covered Porch, and Decorative Front Security Door leading you into the Formal Living Area! Follow the Wrought Iron Banister upstairs to the Loft, Laundry Room, or any of 3 Bedrooms! Primary Bedroom with En Suite, Double Vanity Sinks, Mirrored Walk-In Closet, Separate Shower and Tub for ultimate relaxation! Low Maintenance Backyard featuring Covered Patio with Ceiling Fan and Recessed Lights, Boulder Rock Retaining Wall, and Desert Landscaping. Walk your dogs and/or enjoy some outdoor fun with your family at one of the two Community Parks! Included Fridge, Washer & Dryer make this turn-key!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Sandra L. Thompson Elementary School Primary Regular 798 39 8
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Arbor View High School High Regular 2,878 116 9

Sandra L. Thompson Elementary School

  • Education Level: Primary
  • # of students: 798
  • # of teachers: 39
8
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Arbor View High School

  • Education Level: High
  • # of students: 2,878
  • # of teachers: 116
9
GreatSchools Rating
 

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

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,389
Property Tax -$295
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
-$78

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

$1,800

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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

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$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.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $299,999
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$19,387

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,877

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7953$1,7954$1,8005$1,895
$1,895
RENT COMPS ANALYSIS
  • 7637 Lani Dawn Street Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,422 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,422 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.74
    •  
  • 9124 Palatial Palette Court Las Vegas, NV 1
    • 4 beds 4 baths ∙ 2,222 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,222 Sqft ∙ Built 2006
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
  • 7661 Woven Sands Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2006
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.81
    •  
  • 9528 Victory Garden Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,405 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,405 Sqft ∙ Built 2006
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.75
    •  
  • 7637 Sonora View Street Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 2005
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.78
    •  
PROPERTY LISTING DETAILS
Joe Kennedy
1.702.370.8168
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2272558
Last Updated: 02/25/2021
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