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8048 Hackberry Drive Las Vegas, NV 89123

3 Beds 2 Baths 1,424 sqft Built 1989

$289,500

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $203.30
  • 22 Days on Market
  • MLS # : 2263482
  • Updated Date : 02/06/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,424 sqft
  • Baths : 2 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Single story home in a very desirable location. Huge front lawn. 3bed 2bath. Double door front entry to a vaulted ceiling living room with a fireplace. All bedrooms are on one side separated from the kitchen, dining & family room side. Ceiling fans and ceiling lights with dimmer. Granite countertop. SS appliances. Window in the kitchen area. Covered patio. Good size backyard. Storage shed conveys with the sale. 2 car garage with exterior access door. NO HOA!!!! Close to shopping areas, 215 access, Las Vegas airport. NO SHOWINGS UNTIL OPEN HOUSE SUNDAY FEB 7th 11am to 2pm.

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: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $112k296k

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

Neighborhood: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
Louis Wiener Jr Elementary School Primary Regular 701 39 7
Jack L. Schofield Middle School Middle Regular 1,332 51 NA
Silverado High School High Regular 2,263 94 5

Louis Wiener Jr Elementary School

  • Education Level: Primary
  • # of students: 701
  • # of teachers: 39
7
GreatSchools Rating

Jack L. Schofield Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 51
NA
GreatSchools Rating

Silverado High School

  • Education Level: High
  • # of students: 2,263
  • # of teachers: 94
5
GreatSchools Rating
 

$260,550$318,450$289,500

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,006
Property Tax -$164
Property Insurance -$55
Property Management Fees -$119
CASH FLOW
$146

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.

$289,500

PROJECTED PRICE

$1,490

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,468

INVESTMENT

$82,468

Down Payment
$72,375
Rehab Estimate
$5,750
Closing Costs
$4,343

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,006

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,375
Loan Amount $217,125
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$33,034

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,488

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4753$1,4904$1,6005$1,690
$1,690
RENT COMPS ANALYSIS
  • 8048 Hackberry Drive Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.05
    •  
  • 8009 Counterpoint Lane Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,278 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,278 Sqft ∙ Built 1990
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.08
    •  
  • 1181 Concertino Avenue Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1992
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.93
    •  
  • 7675 Borealis Street Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 2003
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 163 Cascade Drive Henderson, NV 5
    • 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 1988
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.17
    •  
PROPERTY LISTING DETAILS
Sherwyn B Mangila-flores
1.702.234.5985
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263482
Last Updated: 02/06/2021
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