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7785 Lovely Squaw Court Las Vegas, NV 89179

3 Beds 3 Baths 2,979 sqft Built 2015

INVESTimate

$580,000

List Price

$2,010

$1,809 - $2,211

Rent Est.

$628,952  ( +8.44%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2015
  • Price/Sqft : $194.70
  • 9 Days on Market
  • MLS # : 2221138
  • Updated Date : 08/21/2020 at 10:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,979 sqft
  • Baths : 2 full , 1 half
Listing Agent

Char Luxury Real Estate

Listing Agent's Description

Beautiful highly upgraded 1 story home with mountain views * 3 large bedrooms, 2.5 bathrooms and 3 car oversized garage with storage * Upgraded chefs kitchen with granite counter tops, breakfast bar/island, all stainless steel appliances, butlers pantry & big walk in pantry, breakfast nook with sliding door to patio, private office with built in desk * Formal dining room * Huge great room pre-wired for surround sound with huge 4 panel sliding door that opens to covered patio * Coffered ceilings in living areas * Extended covered patio with pavers in back with unobstructed view of the mountains!! * Motorized blinds in living areas and master bedroom * Large master bedroom with ceiling lighting and huge master bath * 2nd and 3rd bedrooms are joined with Jack and Jill bathroom with custom shower built in * All bedrooms have custom cabinets in closets * Recessed lighting and polished concrete in both garages * 10 foot ceilings throughout * Upgraded baseboards * A must see!!!!!

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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: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10391875

* 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
Carolyn Reedom Elementary School Primary Regular 1,097 58 6
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Carolyn Reedom Elementary School

  • Education Level: Primary
  • # of students: 1,097
  • # of teachers: 58
6
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

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

$522,000$638,000$580,000

PURCHASE PRICE

$1,809$2,211$2,010

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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$2,140
Property Tax -$405
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
-$739

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.

$580,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.44%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,450

INVESTMENT

$159,450

Down Payment
$145,000
Rehab Estimate
$5,750
Closing Costs
$8,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,140

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $145,000
Loan Amount $435,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$971

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,056

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8003$1,8004$2,0105$2,250
$2,250
RENT COMPS ANALYSIS
  • 7785 Lovely Squaw Court Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,979 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,979 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.67
    •  
  • 7667 Dewy Falls Avenue Las Vegas, NV 1
    • 4 beds 1 baths ∙ 2,644 Sqft ∙ Built 2014 4 beds 1 baths ∙ 2,644 Sqft ∙ Built 2014
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.68
    •  
  • 11211 Meadow Cove Street Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,640 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,640 Sqft ∙ Built 2008
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.68
    •  
  • 7334 Caballo Range Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,785 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,785 Sqft ∙ Built 2008
    LEASED 05/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.65
    •  
  • 7312 Commanche Agate Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,012 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,012 Sqft ∙ Built 2007
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.75
    •  
PROPERTY LISTING DETAILS
Randall J Char
1.702.900.4441
Char Luxury Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2221138
Last Updated: 08/21/2020
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