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7717 Delhi Avenue Las Vegas, NV 89129

4 Beds 3 Baths 2,263 sqft Built 1995

INVESTimate

$364,000

List Price

$1,600

$1,440 - $1,760

Rent Est.

$401,528  ( +10.31%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1995
  • Price/Sqft : $160.85
  • 87 Days on Market
  • MLS # : 2201255
  • Updated Date : 08/21/2020 at 18:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,263 sqft
  • Baths : 2 full , 1 half
Listing Agent

Top Tier Realty

Listing Agent's Description

Lovely two story home! NO HOA! This 2263 sq ft home features 4 bedrooms, 3 bathrooms, with a POOL! Very spacious kitchen! Tile flooring throughout the house, with carpet on the second level. Spacious master bedroom with high ceilings and walking closet. The master bathroom features a large vanity with double sinks and make up station, shower and a tub. The backyard includes a large covered patio and a nice sized POOL to be enjoyed by the future owners.

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: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k326k

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

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10701616

* 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
Dorothy Eisenberg Elementary School Primary Regular 609 33 6
Irwin And Susan Molasky Junior High School Middle Regular 1,131 50 NA
Cimarron Memorial High School High Regular 2,541 102 3

Dorothy Eisenberg Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 33
6
GreatSchools Rating

Irwin And Susan Molasky Junior High School

  • Education Level: Middle
  • # of students: 1,131
  • # of teachers: 50
NA
GreatSchools Rating

Cimarron Memorial High School

  • Education Level: High
  • # of students: 2,541
  • # of teachers: 102
3
GreatSchools Rating
 

$327,600$400,400$364,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,343
Property Tax -$237
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
-$170

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.

$364,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.31%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,210

INVESTMENT

$102,210

Down Payment
$91,000
Rehab Estimate
$5,750
Closing Costs
$5,460

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,343

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,000
Loan Amount $273,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,722

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $1,754

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6453$1,6504$1,7955$1,845
$1,845
RENT COMPS ANALYSIS
  • 7717 Delhi Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.71
    •  
  • 7645 Delhi Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,263 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,263 Sqft ∙ Built 1994
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.73
    •  
  • 7616 Zermatt Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,087 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,087 Sqft ∙ Built 2004
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.79
    •  
  • 7636 Winterthur Court #0 Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,304 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,304 Sqft ∙ Built 2004
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.78
    •  
  • 7609 Winterthur Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 2005
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.80
    •  
PROPERTY LISTING DETAILS
Osmany Viera Rodriguez
1.702.235.7700
Top Tier Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2201255
Last Updated: 08/21/2020
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