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7971 San Onofre Court Las Vegas, NV 89113

5 Beds 3 Baths 2,126 sqft Built 2012

$359,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $169.29
  • 10 Days on Market
  • MLS # : 2249768
  • Updated Date : 11/27/2020 at 12:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,126 sqft
  • Baths : 2 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

Beautiful 5 bedroom, 3 bath, one-owner home in Southwest Las Vegas! This house is actually 2310--the tax records are not updated. Granite counters, stainless steel appliances. Crimsafe security screens are an amazing upgrade to keep your home secure and your family safe. Desert landscaping and pavers..fruit tree. Located near 215 and shopping, restaurants, close proximity to Downtown Summerlin, Baseball stadium and more.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sovana

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k321k

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

Neighborhood: Sovana

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100115012001250130013501400145015001550160016501700Rent in $10701722

* 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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,328
Property Tax -$271
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
$54

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.

$359,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.6%
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$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$33,351

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,972

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8403$2,0004$2,1005$2,250
$2,250
RENT COMPS ANALYSIS
  • 7971 San Onofre Court Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,126 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,126 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.87
    •  
  • 7514 Crystal Clear Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,024 Sqft ∙ Built 1997
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.89
    •  
  • 8058 Encanterra Road Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 2015
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
  • 6131 Andover Wood Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,286 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,286 Sqft ∙ Built 2018
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 8132 Surrey Field Court Las Vegas, NV 5
    • 4 beds 4 baths ∙ 2,283 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,283 Sqft ∙ Built 2018
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.99
    •  
PROPERTY LISTING DETAILS
Suzett Hill
1.702.279.7199
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249768
Last Updated: 11/27/2020
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