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

7903 Mohican Canyon Street Las Vegas, NV 89113

4 Beds 2 Baths 2,427 sqft Built 2002

$445,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $183.35
  • 4 Days on Market
  • MLS # : 2259099
  • Updated Date : 01/08/2021 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,427 sqft
  • Baths : 2 full
Listing Agent

Epronet Realty

Listing Agent's Description

IMMACULATE HOME W/ A HEATED POOL IN THE HIGHLY SOUGHT-AFTER NEVADA TRAILS COMMUNITY. COMES WITH A BEDROOM AND 3/4 BATH DOWNSTAIRS; MASTER BEDROOM AND TWO MORE BEDROOMS WITH A LOFT UPSTAIRS. TILE FLOORING DOWNSTAIRS AND LAMINATE WOOD FLOORS UPSTAIRS. COMES WITH A 3 CAR GARAGE. BEAUTIFUL KITCHEN WITH GRANITE COUNTERTOPS AND STAINLESS STEEL APPLIANCES. DESSERT LANDSCAPING FRONT AND BACK. 5 MINUTE DRIVE TO SHOPPING CENTERS AND FOOD ESTABLISHMENTS.

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: Nevada Trails

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $119k520k

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

Neighborhood: Nevada Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10762069

* 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
Judi D. Steele Elementary School Primary Regular 858 43 8
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Sierra Vista High School High Regular 2,396 88 4

Judi D. Steele Elementary School

  • Education Level: Primary
  • # of students: 858
  • # of teachers: 43
8
GreatSchools Rating

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$400,500$489,500$445,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,546
Property Tax -$272
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
$89

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.

$445,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 5.5%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$38,104

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,130

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,0114$2,1005$2,195
$2,195
RENT COMPS ANALYSIS
  • 7903 Mohican Canyon Street Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,427 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,427 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 7327 Laramie Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,302 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,302 Sqft ∙ Built 2004
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
  • 7220 Daintree Court Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,304 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,304 Sqft ∙ Built 2008
    property image
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 8348 Spanish Creek Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2017
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,011
    • $0.89
    •  
  • 8045 Everett Basin Court Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,435 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,435 Sqft ∙ Built 2005
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.90
    •  
PROPERTY LISTING DETAILS
Dennis M Sullivan
1.702.743.7765
Epronet Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259099
Last Updated: 01/08/2021
BESbswy