Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8119 Vision Street Las Vegas, NV 89123

3 Beds 2 Baths 1,254 sqft Built 1991

$299,999

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $239.23
  • 3 Days on Market
  • MLS # : 2265390
  • Updated Date : 01/30/2021 at 02:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,254 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Market Place

Listing Agent's Description

*BEAUTIFUL HOME LOCATED IN WELL DESIRED AREA*HOME HAS 2 CAR GARAGE WITH TONS OF ROOM FOR PARKING*HOME HAS 3 BEDROOMS WITH 3 BATHROOMS*NO HOA IS A PLUS*LOW MAINTENANCE DESERT LANDSCAPING IN FRONT*LARGE OPEN FLOORPLAN WITH TONS OF NATURAL LIGHTING*TILE FLOORING THROUGHOUT*KITCHEN WITH GARDEN WINDOW, PANTRY, TILE COUNTERTOPS, TILE FLOORING AND BREAKFAST BAR/EATING NOOK*MASTER BED WITH BATH DOWNSTAIRS AND WALK IN CLOSET*MASTER BATH WITH DOUBLE SINKS & SEPARATE TUB & SHOWER*COZY GAS FIREPLACE IN FAMILY ROOM*LARGE COVERED PATIO BACKYARD AREA WITH TONS OF ROOM FOR ENTERTAINMENT*

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: 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
 

$269,999$329,999$299,999

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,042
Property Tax -$149
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
$209

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.

$299,999

PROJECTED PRICE

$1,570

PROJECTED RENT

0.52%

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$20k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$40,319

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $1,593

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,4953$1,5454$1,5705$1,700
$1,700
RENT COMPS ANALYSIS
  • 8119 Vision Street Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.25
    •  
  • 701 Irwindale Avenue #0 Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1986
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.29
    •  
  • 8229 Tone Street Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1990
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.19
    •  
  • 878 Carnival Avenue Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,192 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,192 Sqft ∙ Built 1990
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.30
    •  
  • 701 Hermosa Palms Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1988
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.30
    •  
PROPERTY LISTING DETAILS
Richard J Brenkus
1.702.456.5959
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2265390
Last Updated: 01/30/2021
BESbswy