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7723 Calm Waters Street Las Vegas, NV 89131

4 Beds 2 Baths 2,846 sqft Built 2004

$615,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $216.09
  • 2 Days on Market
  • MLS # : 2277942
  • Updated Date : 03/13/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,846 sqft
  • Baths : 2 full
Listing Agent

Simply Vegas

Listing Agent's Description

Gorgeous single-story nearly 3000 sq ft , 3 car garage on a corner lot with four bedrooms three bathrooms beautiful wood like floors, upgraded kitchen with white cabinets, stainless steel appliances, granite countertops, custom backsplash, dual pantry’s, custom paint throughout. Beautiful family room with roaring fireplace with custom hearth, mantle and shiplap. Formal living room and formal dining room with wainscoting. Every bathroom has been upgraded with white cabinets and upgraded flooring and countertops. Huge primary suite, With gorgeous on suite bathroom and walking closet. Dual ACs have recently been replaced and you can see the ceiling fans in every room. This home is a dream. Welcome home

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: 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
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
 

$553,500$676,500$615,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$2,136
Property Tax -$396
Property Insurance -$82
Property Management Fees -$119
CASH FLOW
-$813

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.

$615,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.31%

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$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$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,136

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$296

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,992

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8953$1,9204$1,9525$2,245
$2,245
RENT COMPS ANALYSIS
  • 7723 Calm Waters Street Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,846 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,846 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.67
    •  
  • 5041 Wild Buffalo Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2002
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.64
    •  
  • 5048 Indigo Gorge Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2002
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.68
    •  
  • 5773 Cowboy Fiddle Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 2003
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,952
    • $0.67
    •  
  • 8039 Maple Park Street Las Vegas, NV 5
    • 5 beds 4 baths ∙ 2,763 Sqft ∙ Built 2009 5 beds 4 baths ∙ 2,763 Sqft ∙ Built 2009
    property image
    LEASED 02/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.81
    •  
PROPERTY LISTING DETAILS
Jillian M Batchelor
1.702.595.8036
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2277942
Last Updated: 03/13/2021
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