Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7710 Blue Whirlpool Street Las Vegas, NV 89131

4 Beds 3 Baths 2,545 sqft Built 2001

$649,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $255.01
  • 6 Days on Market
  • MLS # : 2279245
  • Updated Date : 03/20/2021 at 19:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,545 sqft
  • Baths : 3 full
Listing Agent

Royal Diamond Realty

Listing Agent's Description

Beautiful pool home with lots of room to roam inside and out in a Gated community. This beauty has 4 bedrooms, 2 of the bedrooms are master bedrooms with en suite and walk in closets. It has a total of 3 bathrooms. You will have no fear of your air conditioning system breaking down this summer because the sytem is only 2 years old, and so is the furnace! The home has upgraded laminate floors through out except the bedrooms which have carpet. The interior of the home was recently painted in the last 2 years. The side yard is big enough for an RV, Boat or big toys. This fantastic huge backyard has an inviting pool with mature palm trees and vegetation. Original owner and everything has been well taken care of.

SEE MORE

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: Lynbrook

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $119k341k

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

Neighborhood: Lynbrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10441606

* 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
Howard Heckethorn Elementary School Primary Regular 657 35 7
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Howard Heckethorn Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 35
7
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$584,100$713,900$649,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$2,254
Property Tax -$368
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$858

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.

$649,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.30%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,735

INVESTMENT

$177,735

Down Payment
$162,250
Rehab Estimate
$5,750
Closing Costs
$9,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,254

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,250
Loan Amount $486,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$298

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,890

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7753$1,9604$2,0255$2,300
$2,300
RENT COMPS ANALYSIS
  • 7710 Blue Whirlpool Street Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.77
    •  
  • 5025 Granite Creek Court Las Vegas, NV 1
    • 3 beds 2 baths ∙ 2,492 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,492 Sqft ∙ Built 2004
    LEASED 03/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.68
    •  
  • 8321 Vickers Canyon Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2004
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.71
    •  
  • 4926 Chest Park Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,663 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,663 Sqft ∙ Built 2010
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.76
    •  
  • 5873 Wildhorse Ledge Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,791 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,791 Sqft ∙ Built 2002
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.82
    •  
PROPERTY LISTING DETAILS
Irma Duafala
1.702.308.6432
Royal Diamond Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279245
Last Updated: 03/20/2021
BESbswy