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8028 Anasazi Ranch Avenue Las Vegas, NV 89131

4 Beds 3 Baths 2,083 sqft Built 2007

$370,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $177.63
  • 14 Days on Market
  • MLS # : 2265659
  • Updated Date : 02/12/2021 at 19:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,083 sqft
  • Baths : 2 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

Beautifully upgraded pool home in the heart of Centennial Hills. This home features a gorgeous kitchen with upgraded cabinetry, granite countertops, an island & a sink in front of a window that looks right into the backyard where your pool is awaiting you on those hot Las Vegas summer days. Upstairs you will find 4 bedrooms and a loft along with an ensuite bathroom in the primary bedroom and a second bathroom for the additional bedrooms. Downstairs boasts even more areas to spread out, including a den, which could be an office, playroom, or anything you can dream up. Need more space? There is a formal dining space, a large family room, and then there's outside. This pool home has become available at the perfect time before summer arrives. There is more but you'll have to come see it for yourself.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (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
Betsey Rhodes Elementary School Primary Regular 664 36 8
Ralph Cadwallader Middle School Middle Regular 1,480 63 NA
Arbor View High School High Regular 2,878 116 9

Betsey Rhodes Elementary School

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 36
8
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
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,285
Property Tax -$293
Property Insurance -$68
Property Management Fees -$119
CASH FLOW
-$135

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.

$370,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

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

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$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$13,255

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,698

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,5953$1,5994$1,6305$1,850
$1,850
RENT COMPS ANALYSIS
  • 8028 Anasazi Ranch Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,083 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,083 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.78
    •  
  • 8280 Southern Cross Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,887 Sqft ∙ Built 2017
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.83
    •  
  • 8024 Anasazi Ranch Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,083 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,083 Sqft ∙ Built 2008
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.77
    •  
  • 8271 Nebula Cloud Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 2017
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.82
    •  
  • 6820 Rosinwood Street Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,203 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,203 Sqft ∙ Built 2000
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
PROPERTY LISTING DETAILS
Eileen M Guilbeault
1.702.290.3329
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265659
Last Updated: 02/12/2021
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