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7911 Evening Shadows Avenue Las Vegas, NV 89131

5 Beds 3 Baths 3,223 sqft Built 2003

$419,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $130.00
  • 8 Days on Market
  • MLS # : 2256879
  • Updated Date : 12/20/2020 at 13:02
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,223 sqft
  • Baths : 3 full
Listing Agent

Help U Sell Integrity Re

Listing Agent's Description

What an incredible home in Lamplight Village and it has been customized to make it the largest home in this fabulous neighborhood. Their way to many upgrades to mention but I will start with their is a detached garage in the backyard and accessible by pathway. the home has 3,233 square feet with 5 bedrooms and 3 baths. One of the bedrooms is downstairs as well as a delightful kitchen with granite counters, lovely living room and dining room. The owner has added a added a 3rd car garage in the back with RV Parking and RV Gate Access!!! Photos and more comments are being posted very soon!

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: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Thomas O'roarke Elementary School Primary Regular 817 42 9
Ralph Cadwallader Middle School Middle Regular 1,480 63 NA
Arbor View High School High Regular 2,878 116 9

Thomas O'roarke Elementary School

  • Education Level: Primary
  • # of students: 817
  • # of teachers: 42
9
GreatSchools Rating

Ralph Cadwallader Middle School

  • Education Level: Middle
  • # of students: 1,480
  • # of teachers: 63
NA
GreatSchools Rating

Arbor View High School

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

$377,100$460,900$419,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,546
Property Tax -$340
Property Insurance -$90
Property Management Fees -$119
CASH FLOW
$46

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.

$419,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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$1.6M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

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
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$37,462

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,119

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9903$2,0004$2,1005$2,140
$2,140
RENT COMPS ANALYSIS
  • 7911 Evening Shadows Avenue Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,223 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,223 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.66
    •  
  • 7925 Brookfield Cove Avenue Las Vegas, NV 1
    • 6 beds 3 baths ∙ 2,912 Sqft ∙ Built 2002 6 beds 3 baths ∙ 2,912 Sqft ∙ Built 2002
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.67
    •  
  • 8163 Deer Clan Court #0 Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,971 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,971 Sqft ∙ Built 2001
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.67
    •  
  • 8155 Deer Clan Court Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,330 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,330 Sqft ∙ Built 2001
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.60
    •  
  • 8305 Chapelle Court Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,063 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,063 Sqft ∙ Built 2004
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.69
    •  
PROPERTY LISTING DETAILS
Kelly Kuntz
1.702.531.4430
Help U Sell Integrity Re
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256879
Last Updated: 12/20/2020
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