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7976 Marbella Circle Las Vegas, NV 89128

4 Beds 3 Baths 2,915 sqft Built 1993

$899,900

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $308.71
  • 3 Days on Market
  • MLS # : 2249661
  • Updated Date : 11/20/2020 at 15:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,915 sqft
  • Baths : 3 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Rare opportunity to own a recently updated custom home on 1/4+ acre that backs to the water in the highly-desired Desert Shores community! Walking distance to Community Center, Top Restaurants and wine shops that are also lakeside! Contemporary kitchen features modern soft-close cabinets, black granite countertops and high-end appliances. Oversized backyard with large covered patio, pool and spa leads straight back to your own private lake access where you can dock your boat! Welcome to your dream home!

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: Pelican Point

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $119k625k

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

Neighborhood: Pelican Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10762860

* 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
Dorothy Eisenberg Elementary School Primary Regular 609 33 6
Ernest Becker Middle School Middle Regular 1,392 56 NA
Cimarron Memorial High School High Regular 2,541 102 3

Dorothy Eisenberg Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 33
6
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
 

$809,910$989,890$899,900

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$3,320
Property Tax -$442
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
-$1,594

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.

$899,900

PROJECTED PRICE

$2,370

PROJECTED RENT

0.26%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.2%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$244,224

INVESTMENT

$244,224

Down Payment
$224,975
Rehab Estimate
$5,750
Closing Costs
$13,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$3,320

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,975
Loan Amount $674,925
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$100

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,383

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,325
1$2,3252$2,3503$2,3704$2,5005$2,652
$2,652
RENT COMPS ANALYSIS
  • 7976 Marbella Circle Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,915 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.81
    •  
  • 7912 Marbella Circle Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 1995
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $0.80
    •  
  • 8224 Ocean Terrace Way Las Vegas, NV 2
    • 4 beds 2 baths ∙ 3,099 Sqft ∙ Built 1990 4 beds 2 baths ∙ 3,099 Sqft ∙ Built 1990
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.76
    •  
  • 2460 Monarch Bay Drive Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,924 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,924 Sqft ∙ Built 1989
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
  • 8221 Swan Lake Avenue Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,099 Sqft ∙ Built 1989 5 beds 3 baths ∙ 3,099 Sqft ∙ Built 1989
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,652
    • $0.86
    •  
PROPERTY LISTING DETAILS
Serena M Heuser
1.702.508.0996
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249661
Last Updated: 11/20/2020
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