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7735 Hampton Cove Lane Las Vegas, NV 89113

2 Beds 3 Baths 1,237 sqft Built 2006

$254,995

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $206.14
  • 2 Days on Market
  • MLS # : 2243875
  • Updated Date : 11/02/2020 at 06:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,237 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Tucked away in Nevada Trails find a Quaint Two Story Stunner with Dual Master Suites. Washer & Dryer Conveniently Located between Dual Masters on Second Story!! The Main Master features Dual Sinks and Oversized Walk In Closet! From Granite Countertops to Wide Open Floor Plan and Maintained with Pride!!! This Home has it ALL!!! The Community Amenities include a Serene Park & Sparkling Pool! Location! Location! Located Near Dining, Entertainment and More! Only miles from World Famous Las Vegas Strip!

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: 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
Judi D. Steele Elementary School Primary Regular 858 43 8
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Sierra Vista High School High Regular 2,396 88 4

Judi D. Steele Elementary School

  • Education Level: Primary
  • # of students: 858
  • # of teachers: 43
8
GreatSchools Rating

Lawrence And Heidi Canarelli Middle School

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

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$229,496$280,495$254,995

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$941
Property Tax -$161
Property Insurance -$51
Property Management Fees -$119
CASH FLOW
$68

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.

$254,995

PROJECTED PRICE

$1,340

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,324

INVESTMENT

$73,324

Down Payment
$63,749
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,749
Loan Amount $191,246
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$28,090

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,342

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3003$1,3004$1,3405$1,350
$1,350
RENT COMPS ANALYSIS
  • 7735 Hampton Cove Lane Las Vegas, NV 4
    • 2 beds 3 baths ∙ 1,237 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,237 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.08
    •  
  • 7754 Hampton Cove Lane Las Vegas, NV 1
    • 2 beds 3 baths ∙ 1,186 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,186 Sqft ∙ Built 2006
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.10
    •  
  • 7723 Hampton Cove Lane Las Vegas, NV 2
    • 2 beds 3 baths ∙ 1,237 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,237 Sqft ∙ Built 2006
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.05
    •  
  • 7741 Hampton Cove Lane Las Vegas, NV 3
    • 2 beds 3 baths ∙ 1,186 Sqft ∙ Built 2006 2 beds 3 baths ∙ 1,186 Sqft ∙ Built 2006
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.10
    •  
  • 7711 Hampton Cove Lane Las Vegas, NV 5
    • 2 beds 3 baths ∙ 1,237 Sqft ∙ Built 2005 2 beds 3 baths ∙ 1,237 Sqft ∙ Built 2005
    property image
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.09
    •  
PROPERTY LISTING DETAILS
Blaise Dvorsky
1.702.370.1330
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243875
Last Updated: 11/02/2020
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