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7637 Peaceful Trellis Drive Las Vegas, NV 89179

3 Beds 3 Baths 1,740 sqft Built 2013

$319,999

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $183.91
  • 6 Days on Market
  • MLS # : 2247242
  • Updated Date : 11/10/2020 at 14:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,740 sqft
  • Baths : 2 full , 1 half
Listing Agent

Congress Realty

Listing Agent's Description

Move-in ready 3bd, 3 ba in a great Las Vegas neighborhood! Open floor plan, spacious bdrms & low maintenance landscaping! Notice the wood laminate flooring & bright natural/recessed lighting. LR sits ahead of the foyer w ceiling fan & glass door leading to the backyard. It connects to the chandelier lit dining space & lg KIT equipped w granite countertops, dark wood cabinets, black GE appliances & center island w bar seating! 1 bath is located downstairs for guests. Head to the carpeted second floor to reach the primary suite, offering a walk-in closet, dual sink vanity, marble tub & glass door tiled shower! 2 bedrooms have access to hallway bath, w marble countertop & tiled shower/tub. A laundry room & hallway office space complete the interior! Enjoy a BBQ outside on the covered patio! The rest of the walled-in yard incl artificial grass & pavers. Central A/C and Forced Air. 2 car garage. Located near parks, shops, restaurants & casinos! Easy access to 160 fwy, I-15/215 & downtown.

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: 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
 

$287,999$351,999$319,999

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,181
Property Tax -$236
Property Insurance -$61
Property Management Fees -$119
CASH FLOW
$24

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.

$319,999

PROJECTED PRICE

$1,620

PROJECTED RENT

0.51%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $239,999
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$28,016

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,618

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5503$1,6004$1,6205$1,725
$1,725
RENT COMPS ANALYSIS
  • 7637 Peaceful Trellis Drive Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.93
    •  
  • 7699 Lots Hills Drive Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,685 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,685 Sqft ∙ Built 2014
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.89
    •  
  • 7671 Jasmine Falls Drive Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,685 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,685 Sqft ∙ Built 2012
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
  • 7766 Flowering Quince Drive Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,740 Sqft ∙ Built 2014
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
  • 7629 Jasmine Falls Drive Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,741 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,741 Sqft ∙ Built 2013
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.99
    •  
PROPERTY LISTING DETAILS
Jared A English
1.888.229.2009
Congress Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247242
Last Updated: 11/10/2020
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