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7848 Running Doe Court Las Vegas, NV 89149

3 Beds 3 Baths 1,302 sqft Built 2005

$250,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $192.01
  • 3 Days on Market
  • MLS # : 2263348
  • Updated Date : 01/23/2021 at 04:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,302 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Located in a gated community, this cute home has it all! A cozy front porch welcomes you into this home which features a large living area with ceramic tile flooring throughout the downstairs. Great kitchen with granite counter tops, glass tile back-splash, lots of cabinet space, pantry and pendant lighting over the breakfast bar. The dining area has a sliding glass door that leads to the backyard with a patio and low maintenance landscaping with synthetic grass. The primary bedroom is upstairs with ceiling fan and huge walk in closet. Brand new upgraded AC/Heating unit with all new duct work too. Bring your fussiest buyer, they will not be disappointed! This fantastic gated neighborhood has a park and community pool. This home will not last long!

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: Antelope

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $105k362k

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

Neighborhood: Antelope

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9671875

* 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
Kenneth Divich Elementary Primary Unknown NA
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Arbor View High School High Regular 2,878 116 9

Kenneth Divich Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Arbor View High School

  • Education Level: High
  • # of students: 2,878
  • # of teachers: 116
9
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$868
Property Tax -$196
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
$4

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.

$250,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 11.7%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$16,553

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,237

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,240
1$1,2402$1,2953$1,3004$1,3005$1,450
$1,450
RENT COMPS ANALYSIS
  • 7848 Running Doe Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,302 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,302 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.95
    •  
  • 9285 Lopseed Court #0 Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 2008
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.92
    •  
  • 7948 Violet Sky Street #n/a Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,342 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,342 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.97
    •  
  • 9303 Gilcrease Avenue #1162 Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,389 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,389 Sqft ∙ Built 2004
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.94
    •  
  • 8140 Caspian Moon Drive #n/a Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2004
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
PROPERTY LISTING DETAILS
Frank Napoli
1.702.405.3080
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263348
Last Updated: 01/23/2021
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