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8018 Carson Creek Street Las Vegas, NV 89113

4 Beds 4 Baths 4,581 sqft Built 2004

$620,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $135.34
  • 7 Days on Market
  • MLS # : 2256627
  • Updated Date : 12/21/2020 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,581 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

Stunning 4 Bedroom, 3.5 Bath, Spacious Open-Concept Home in the desirable Gated Saddle Peak Community at Nevada Trails! Gorgeous front Courtyard entry with custom-made iron doors and a private balcony overlooking. Home boasts newer wood laminate flooring throughout, vaulted ceilings, designer custom fit Chandelier, built in closets including custom closet in primary bedroom, extra cabinet storage, and an amazing open Loft! Kitchen has an oversized island with plenty of cabinets, and an abundance of granite countertop space! Expansive Backyard includes New Covered Back Patio and equipped with Hot Tub Spa & Electric Hook Ups! Office furniture in this home is included!

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: 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
 

$558,000$682,000$620,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$2,288
Property Tax -$481
Property Insurance -$116
Property Management Fees -$119
CASH FLOW
$286

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.

$620,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.53%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,050

INVESTMENT

$170,050

Down Payment
$155,000
Rehab Estimate
$5,750
Closing Costs
$9,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,288

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $155,000
Loan Amount $465,000
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$80,910

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $3,768

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$3,290
1$3,2902$3,4993$3,5004$3,5005$4,500
$4,500
RENT COMPS ANALYSIS
  • 8018 Carson Creek Street Las Vegas, NV 1
    • 4 beds 4 baths ∙ 4,581 Sqft ∙ Built 2004 4 beds 4 baths ∙ 4,581 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $0.72
    •  
  • 7547 Salvadora Place Las Vegas, NV 2
    • 5 beds 4 baths ∙ 4,707 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,707 Sqft ∙ Built 2006
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,499
    • $0.74
    •  
  • 8090 Carson Creek Street Las Vegas, NV 3
    • 4 beds 4 baths ∙ 4,707 Sqft ∙ Built 2004 4 beds 4 baths ∙ 4,707 Sqft ∙ Built 2004
    LEASED 09/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.74
    •  
  • 7702 Bear Ridge Street Las Vegas, NV 4
    • 4 beds 4 baths ∙ 4,413 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,413 Sqft ∙ Built 2006
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.79
    •  
  • 7762 Bear Ridge Street Las Vegas, NV 5
    • 4 beds 4 baths ∙ 4,413 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,413 Sqft ∙ Built 2006
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jay J Cooper
1.702.726.1592
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256627
Last Updated: 12/21/2020
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