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7662 Starshell Point Court Las Vegas, NV 89139

4 Beds 2 Baths 1,668 sqft Built 2001

$315,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $188.85
  • 2 Days on Market
  • MLS # : 2268216
  • Updated Date : 02/06/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,668 sqft
  • Baths : 1 full , 1 half
Listing Agent

Jason's Realty

Listing Agent's Description

Convenience Location in Southwest Area, Close to Market, School, Restaurant, Freeway Etc. New Paint Throughout the Whole House. New Kitchen Granite Countertops with Under Mount Sink. Brand New Stainless Refrigerator, Gas Stove, Microwave and Dishwasher. New Laminate Hardwood Flooring for Stairs and the All Bedrooms Upstairs. New Tiles for the Both Bathroom Upstairs. New Toilet in Guest Bathroom. Must See!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Dr. Beverly S. Mathis Elementary School Primary Unknown NA
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Desert Oasis High School High Regular 2,417 102 5

Dr. Beverly S. Mathis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,094
Property Tax -$192
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$5

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.

$315,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$20,571

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,443

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4603$1,4754$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 7662 Starshell Point Court Las Vegas, NV 2
    • 4 beds 2 baths ∙ 1,668 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,668 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.88
    •  
  • 7641 Glorietta Bay Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 2002
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
  • 5785 Enchanted Palms Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,668 Sqft ∙ Built 2002
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.88
    •  
  • 5830 Willow Trace Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,805 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,805 Sqft ∙ Built 2004
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.83
    •  
  • 7574 Tuckaway Harbor Street Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,669 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,669 Sqft ∙ Built 2004
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
PROPERTY LISTING DETAILS
Jason D Wang
1.702.586.0333
Jason's Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268216
Last Updated: 02/06/2021
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