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8031 Carr Valley Street Las Vegas, NV 89131

4 Beds 3 Baths 2,763 sqft Built 2009

$389,990

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $141.15
  • 9 Days on Market
  • MLS # : 2279794
  • Updated Date : 03/25/2021 at 09:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,763 sqft
  • Baths : 2 full , 1 half
Listing Agent

Elite Realty

Listing Agent's Description

What a beauty! You get a bonus room on the third floor which is an awesome game room or office. All bedrooms are on the second floor with the master at the back of the house. Laundry room is conveniently located on the second floor so the chores are easier. Upgraded wood laminate flooring throughout the home with tile floors in the laundry, bathrooms and kitchen. Backyard has plenty of space to entertain and have a cookout with family or friends.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Kitty Mcdonough Ward Elementary School Primary Regular 830 43 9
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Kitty Mcdonough Ward Elementary School

  • Education Level: Primary
  • # of students: 830
  • # of teachers: 43
9
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$350,991$428,989$389,990

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,355
Property Tax -$294
Property Insurance -$81
Property Management Fees -$119
CASH FLOW
$51

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.

$389,990

PROJECTED PRICE

$1,900

PROJECTED RENT

0.49%

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$1.6M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,097

INVESTMENT

$109,097

Down Payment
$97,498
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,498
Loan Amount $292,493
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$29,776

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,121

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0153$2,0254$2,1505$2,245
$2,245
RENT COMPS ANALYSIS
  • 8031 Carr Valley Street Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,763 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,763 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.69
    •  
  • 4714 Prairie Coach Avenue #0 North Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,757 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,757 Sqft ∙ Built 2012
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,015
    • $0.73
    •  
  • 4926 Chest Park Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,663 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,663 Sqft ∙ Built 2010
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.76
    •  
  • 8101 Calico Wind Street Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2003
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.77
    •  
  • 8039 Maple Park Street Las Vegas, NV 5
    • 5 beds 4 baths ∙ 2,763 Sqft ∙ Built 2009 5 beds 4 baths ∙ 2,763 Sqft ∙ Built 2009
    LEASED 02/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.81
    •  
PROPERTY LISTING DETAILS
Allison H Jung
1.702.608.5638
Elite Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279794
Last Updated: 03/25/2021
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