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7848 Trophy Run Avenue Las Vegas, NV 89113

5 Beds 3 Baths 2,127 sqft Built 2005

$354,900

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $166.85
  • 3 Days on Market
  • MLS # : 2255000
  • Updated Date : 12/12/2020 at 01:35
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,127 sqft
  • Baths : 3 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Fully remodeled within the last 18 mos, this charming home features 5 bedrooms including full bath & bedrm downstairs & located in a cozy, gated community w/private park complete w/walking trail, built-in tables & barbecue pits. Nice foyer leads to the Great Room w/unobstructed views as no neighbor behind! Custom Baseboards, Wood Laminated floors down, like-new carpet up. Spacious Kitchen w/Quartz counters, Stainless appliances & lg island overlooking Dining & Great Room. Tall slider leads to finished backyard complete w/covered patio & artificial turf. Ceiling fans, 2" blinds thru-out. Big upstairs Master Suite has vaulted ceiling & Single French Door leading to the balcony to enjoy city & mountain views. Master Bath is spacious too w/dual sinks, separate tub & shower, plus walk-in closet. Bedrm #4 upstairs is huge--could be 2nd Family Rm or divided into 6th bedrm. Separate upstairs Laundry Room. New water heater 6/2020, HVAC serviced & ducts cleaned 5/2020. Turn Key & Move-in Ready!!

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: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10381606

* 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
Lucille Rogers Elementary School Primary Regular 775 43 9
Grant Sawyer Middle School Middle Regular 1,308 52 NA
Durango High School High Regular 2,302 95 5

Lucille Rogers Elementary School

  • Education Level: Primary
  • # of students: 775
  • # of teachers: 43
9
GreatSchools Rating

Grant Sawyer Middle School

  • Education Level: Middle
  • # of students: 1,308
  • # of teachers: 52
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$319,410$390,390$354,900

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,309
Property Tax -$222
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
$1

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.

$354,900

PROJECTED PRICE

$1,720

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,799

INVESTMENT

$99,799

Down Payment
$88,725
Rehab Estimate
$5,750
Closing Costs
$5,324

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,309

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,725
Loan Amount $266,175
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$28,178

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,744

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7204$1,7505$1,900
$1,900
RENT COMPS ANALYSIS
  • 7848 Trophy Run Avenue Las Vegas, NV 3
    • 5 beds 3 baths ∙ 2,127 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,127 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.81
    •  
  • 5346 Rapunzel Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,089 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,089 Sqft ∙ Built 2012
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.79
    •  
  • 7435 Standing Timber Way Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,031 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,031 Sqft ∙ Built 2000
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 7668 Montefrio Avenue Las Vegas, NV 4
    • 5 beds 2 baths ∙ 2,121 Sqft ∙ Built 2005 5 beds 2 baths ∙ 2,121 Sqft ∙ Built 2005
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 5715 Port Douglas Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,321 Sqft ∙ Built 2013
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
PROPERTY LISTING DETAILS
Heather Kuenzi
1.702.354.2020
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255000
Last Updated: 12/12/2020
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