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8004 Marbella Circle Las Vegas, NV 89128

4 Beds 2 Baths 3,941 sqft Built 1995

$899,000

List Price

$3,300

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1995
  • Price/Sqft : $228.11
  • 19 Days on Market
  • MLS # : 2240235
  • Updated Date : 10/31/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,941 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Market Place

Listing Agent's Description

*AMAZING TWO STORY HOME IN DESERT SHORES GATED COMMUNITY*PROPERTY IS LOCATED ON LARGE LOT WITH LAKE FRONT VIEW*LOCATED NEAR SHOPPING, DINING & AMAZING VIEWS*COMMUNITY WILDLIFE- GEESE, DUCKS, FISH & TURTLES*LOW MAINTENANCE WELL MAINTAINED LANDSCAPING*SPACIOUS TWO CAR GARAGE WITH AMPLE STORAGE*SPACIOUS OPEN FLOOR PLAN WITH TONS OF NATURAL LIGHTING*KITCHEN WITH BREAKFAST NOOK, GRANITE, ISLAND, LIGHTING RECESSED, MARBLE/STONE & WALK-IN PANTRY*LARGE BEDROOMS ALL SEPARATE*MASTER BATHROOM WITH DOUBLE SINKS, MAKEUP- TABLE, SEPARATE SHOWER/ TUB, TUB WITH JETS*INTERCOM THROUGHOUT*AMPLE STORAGE*SEPARATE DINING & LIVING ROOM*NEW POLISHED PORCELAIN FLOORING*EXPANDED SPARKLING POOL IN BACKYARD*FINISH BBQ*REMODELED BATH/SHOWER IN GUEST*UPGRADED LANDSCAPING*ALL NEW EXTERIOR LIGHTING*

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: 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
 

$809,100$988,900$899,000

PURCHASE PRICE

$2,970$3,630$3,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,300
EXPENSES Loan Payment -$3,317
Property Tax -$564
Property Insurance -$103
Property Management Fees -$119
CASH FLOW
-$804

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.

$899,000

PROJECTED PRICE

$3,300

PROJECTED RENT

0.37%

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-$10k$0.0$10k$20k

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$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$10,484

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,300

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,857

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7003$3,300
$3,300
RENT COMPS ANALYSIS
  • 8004 Marbella Circle Las Vegas, NV 3
    • 4 beds 2 baths ∙ 3,941 Sqft ∙ Built 1995 4 beds 2 baths ∙ 3,941 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.84
    •  
  • 8329 Swan Lake Avenue Las Vegas, NV 1
    • 5 beds 2 baths ∙ 3,698 Sqft ∙ Built 1990 5 beds 2 baths ∙ 3,698 Sqft ∙ Built 1990
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.72
    •  
  • 8216 Tivoli Cove Drive Las Vegas, NV 2
    • 4 beds 2 baths ∙ 3,698 Sqft ∙ Built 1990 4 beds 2 baths ∙ 3,698 Sqft ∙ Built 1990
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.73
    •  
PROPERTY LISTING DETAILS
Richard J Brenkus
1.702.456.5959
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2240235
Last Updated: 10/31/2020
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