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7869 Wildebeest Court Las Vegas, NV 89149

3 Beds 3 Baths 1,560 sqft Built 2005

INVESTimate

$274,990

List Price

$1,270

$1,143 - $1,397

Rent Est.

$307,191  ( +11.71%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $176.28
  • 7 Days on Market
  • MLS # : 2222942
  • Updated Date : 08/20/2020 at 10:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,560 sqft
  • Baths : 2 full , 1 half
Listing Agent

Innovative Real Estate Strateg

Listing Agent's Description

**WOW** This is Show Stopper!!! Well Kept, ready to move in and Priced to sell!! Nice 2 story split level home with 3 bedrooms and 2.5 baths located in northwest Las Vegas, near shopping, restaurants, and the 95 freeway. Inviting floor plan with a living room and separate family room. The kitchen features an island, pantry, and solid counter tops. Show today! Buyer is to verify schools, HOA, measurements and utilities.

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (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
 

$247,491$302,489$274,990

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$1,015
Property Tax -$219
Property Insurance -$57
HOA -$54
Property Management Fees -$119
CASH FLOW
-$194

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.

$274,990

PROJECTED PRICE

$1,270

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 11.71%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,622

INVESTMENT

$78,622

Down Payment
$68,748
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,748
Loan Amount $206,243
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$5,749

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,404

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,2953$1,3954$1,4255$1,595
$1,595
RENT COMPS ANALYSIS
  • 7869 Wildebeest Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,560 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.81
    •  
  • 9833 Fountain Walk Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,453 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,453 Sqft ∙ Built 2005
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.89
    •  
  • 9933 Fountain Walk Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,608 Sqft ∙ Built 2005
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.87
    •  
  • 9545 Gibbon Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,541 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,541 Sqft ∙ Built 2005
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.92
    •  
  • 7916 Violet Dawn Street Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,739 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,739 Sqft ∙ Built 2005
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
PROPERTY LISTING DETAILS
Alex Kursman
1.702.882.6623
Innovative Real Estate Strateg
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222942
Last Updated: 08/20/2020
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