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7805 Sailboat Lane Las Vegas, NV 89145

2 Beds 1 Baths 1,511 sqft Built 1989

$325,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $215.09
  • 3 Days on Market
  • MLS # : 2258671
  • Updated Date : 01/02/2021 at 03:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,511 sqft
  • Baths : 1 full
Listing Agent

Re/max Reliance

Listing Agent's Description

COMPLETELY REMODELED with every detail! This AMAZING SINGLE STORY, CORNER LOT home is a true GEM! 2 BEDS/2BAHTS/2-Car GARAGE, OPEN-CONCEPT GREAT ROOM! CUSTOM CABINETS, quartz countertops, stainless steel appliances, kitchen island, & EXTRA cabinets for LOTS of STORAGE! LUXURY vinyl floors throughout. Mster bedroom w/ TWO walk-in closets! BRIGHT, OPEN, and airy home! Comes with ROLLADEN shutters for efficiency & security. Private patio! **NEW** paint, flooring, baseboards, lighting and light fixtures (both inside & out), ceiling fans, light switches, plugs, doorbell, smoke detectors, kitchen cabinets, appliance, garbage disposal, tile surround on fireplace, bathroom cabinets, shower tiles, faucets, sinks, doors, door hardware, and SO MUCH MORE!! A MUST SEE & a ONE OF A KIND in this quiet, gated, 55+ community! Community comes with community pool/spa, ponds, mature landscaping, and RV PARKING!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lakeside Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $84k296k

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

Neighborhood: Lakeside Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9651603

* 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
Walter Jacobson Elementary School Primary Regular 592 32 7
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Bonanza High School High Regular 2,003 83 3

Walter Jacobson Elementary School

  • Education Level: Primary
  • # of students: 592
  • # of teachers: 32
7
GreatSchools Rating

Walter Johnson Junior High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 50
NA
GreatSchools Rating

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,199
Property Tax -$162
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
-$97

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$325,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.75%
Appreciation Year (1-5) 10.1%
Maintenance Year (1-5) 8.00%
Vacancy 8.50%
Length of Stay Years 2

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$15,217

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,466

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2503$1,2504$1,3955$1,440
$1,440
RENT COMPS ANALYSIS
  • 7805 Sailboat Lane Las Vegas, NV 5
    • 2 beds 1 baths ∙ 1,511 Sqft ∙ Built 1989 2 beds 1 baths ∙ 1,511 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.95
    •  
  • 8017 Tulum Court Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,322 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,322 Sqft ∙ Built 1995
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.95
    •  
  • 7857 Mt Whitney #0 Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,423 Sqft ∙ Built 1990 2 beds 2 baths ∙ 1,423 Sqft ∙ Built 1990
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.88
    •  
  • 717 Wheat Ridge Lane #102 Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,266 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,266 Sqft ∙ Built 1995
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.99
    •  
  • 8207 Misty Island Circle #0 Las Vegas, NV 4
    • 2 beds 1 baths ∙ 1,322 Sqft ∙ Built 1992 2 beds 1 baths ∙ 1,322 Sqft ∙ Built 1992
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.06
    •  
PROPERTY LISTING DETAILS
Tia Roman
1.702.866.6610
Re/max Reliance
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258671
Last Updated: 01/02/2021
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