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8078 Villa Del Viento Drive Las Vegas, NV 89131

5 Beds 4 Baths 2,917 sqft Built 2003

$569,900

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $195.37
  • 3 Days on Market
  • MLS # : 2259943
  • Updated Date : 01/09/2021 at 03:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,917 sqft
  • Baths : 3 full , 1 half
Listing Agent

Hudson Real Estate

Listing Agent's Description

IF YOUR LOOKING FOR A HIGHLY UPGRADED HOME LOCATED IN A GATED NW COMMUNITY THAT HAS FULL ACCESS R/V/BOAT PARKING WITH AMAZING HUGE POOL/SPA/WATER-SLIDE, FIRE PIT, OUTDOOR KITCHEN, HIGHLY UPGRADED T/O W NEWER CARPET, TWO TONE PAINT UPGRADED FLOORING, THAT HAS EXTENSIVE USE OF STONE & GRANITE THROUGH OUT WITH DOWN STAIRS MASTER + PLUS ADDITIONAL DOWN STAIRS BEDROOM + BONUS ROOM/DEN WITH ADDITIONAL ON SUITE BEDROOM & 3 CAR GARAGE + ISLAND KITCHEN THEN LOOK NO FURTHER! THIS ONE CHECKS ALL THE BOXES! WON'T LAST!

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: Stone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $119k589k

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

Neighborhood: Stone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10762375

* 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
Thomas O'roarke Elementary School Primary Regular 817 42 9
Ralph Cadwallader Middle School Middle Regular 1,480 63 NA
Arbor View High School High Regular 2,878 116 9

Thomas O'roarke Elementary School

  • Education Level: Primary
  • # of students: 817
  • # of teachers: 42
9
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
 

$512,910$626,890$569,900

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,979
Property Tax -$445
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
-$117

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.

$569,900

PROJECTED PRICE

$2,510

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,774

INVESTMENT

$156,774

Down Payment
$142,475
Rehab Estimate
$5,750
Closing Costs
$8,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,979

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,475
Loan Amount $427,425
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$25,899

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,078

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$1,9904$2,1005$2,510
$2,510
RENT COMPS ANALYSIS
  • 8078 Villa Del Viento Drive Las Vegas, NV 5
    • 5 beds 4 baths ∙ 2,917 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,917 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.86
    •  
  • 7813 Natures Song Street Las Vegas, NV 1
    • 4 beds 4 baths ∙ 2,610 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,610 Sqft ∙ Built 2004
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.73
    •  
  • 7925 Brookfield Cove Avenue Las Vegas, NV 2
    • 6 beds 3 baths ∙ 2,912 Sqft ∙ Built 2002 6 beds 3 baths ∙ 2,912 Sqft ∙ Built 2002
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.67
    •  
  • 8163 Deer Clan Court #0 Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,971 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,971 Sqft ∙ Built 2001
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.67
    •  
  • 7947 Quail Harbor Street Las Vegas, NV 4
    • 5 beds 3 baths ∙ 2,694 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,694 Sqft ∙ Built 2001
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
PROPERTY LISTING DETAILS
Roger L Stein
1.702.871.9339
Hudson Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259943
Last Updated: 01/09/2021
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