Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

7901 Dover Shores Avenue Las Vegas, NV 89128

3 Beds 2 Baths 1,530 sqft Built 1991

$319,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $208.50
  • 4 Days on Market
  • MLS # : 2244836
  • Updated Date : 11/05/2020 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,530 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

BEAUTIFUL WELL KEPT HOME - ORIGINAL OWNERS. GREAT LOCATION IN SOUTH SHORES BETWEEN DESERT SHORES & SUMMERLIN, WITHOUT THE HIGH ASSOC FEES. PLANTATION SHUTTERS IN THE LIVING ROOM, FAMILY ROOM & BREAKFAST NOOK. ISLAND KITCHEN WITH GAS COOKTOP, BUILT IN OVEN & MICROWAVE. FAMILY ROOM IS OPEN TO THE KITCHEN & HAS A GAS FIREPLACE WITH STACKED STONE. VAULTED CEILINGS IN THE LIVING ROOM, FAMILY ROOM & PRIMARY BEDROOM. TILE FLOORING IN THE KITCHEN & ENTRY. WOOD LAMINATE FLOORS IN THE FAMILY ROOM & HALLWAY. CEILING FANS IN ALL 3 BEDROOMS. REFRIGERATOR, WASHER & DRYER ALL INCLUDED. LAUNDRY ROOM SINK. ALARM SYSTEM & SOLAR SCREENS. LOTS OF STORAGE CABINETS IN THE GARAGE. NICELY LANDSCAPED BACKYARD WITH SYNTHETIC GRASS, A COVERED PATIO & SOLAR SHADES.

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: South Shores

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k384k

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

Neighborhood: South Shores

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10762136

* 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
Richard H Bryan Elementary School Primary Regular 617 32 8
Ernest Becker Middle School Middle Regular 1,392 56 NA
Cimarron Memorial High School High Regular 2,541 102 3

Richard H Bryan Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 32
8
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Cimarron Memorial High School

  • Education Level: High
  • # of students: 2,541
  • # of teachers: 102
3
GreatSchools Rating
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,177
Property Tax -$194
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
-$127

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.

$319,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
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$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$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$14,547

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,465

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4203$1,4504$1,4505$1,650
$1,650
RENT COMPS ANALYSIS
  • 7901 Dover Shores Avenue Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.93
    •  
  • 7833 Dover Shores Avenue Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1991
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.88
    •  
  • 8013 Dover Shores Avenue #na Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 1991
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
  • 7721 Snow Shoe Way Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1990
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
  • 2428 Chatfield Drive Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,629 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,629 Sqft ∙ Built 1989
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.01
    •  
PROPERTY LISTING DETAILS
Jay D Bravin
1.702.376.8680
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244836
Last Updated: 11/05/2020
BESbswy