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

812 Great Sky Court North Las Vegas, NV 89084

4 Beds 4 Baths 2,934 sqft Built 2017

$429,900

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $146.52
  • 5 Days on Market
  • MLS # : 2280190
  • Updated Date : 03/24/2021 at 16:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,934 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

Beautiful!!!! Your new 4 bedroom home located in a gated community includes 1 bedroom downstairs!! Lovely backyard includes covered patio, desert landscaping and separate pavered social area. Kitchen includes all appliances, full backsplash and large island..Upstairs includes oversized laundry room with an abundance of extra storage.. Loft separates the 2 secondary bedrooms upstairs.....WELCOME HOME!!!!!

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: El Dorado

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $110k347k

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

Neighborhood: El Dorado

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9671606

* 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
Don E. Hayden Elementary School Primary Regular 702 38 6
Brian And Teri Cram Middle School Middle Regular 1,568 65 NA
Legacy High School High Regular 2,819 119 3

Don E. Hayden Elementary School

  • Education Level: Primary
  • # of students: 702
  • # of teachers: 38
6
GreatSchools Rating

Brian And Teri Cram Middle School

  • Education Level: Middle
  • # of students: 1,568
  • # of teachers: 65
NA
GreatSchools Rating

Legacy High School

  • Education Level: High
  • # of students: 2,819
  • # of teachers: 119
3
GreatSchools Rating
 

$386,910$472,890$429,900

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,493
Property Tax -$367
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.

$429,900

PROJECTED PRICE

$2,180

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,493

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$37,378

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,333

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,180
1$2,1802$2,2003$2,2854$2,4505$2,485
$2,485
RENT COMPS ANALYSIS
  • 812 Great Sky Court North Las Vegas, NV 1
    • 4 beds 4 baths ∙ 2,934 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,934 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.74
    •  
  • 6733 Towerstone Street North Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 2017
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.75
    •  
  • 6437 Diamond Point Court North Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,092 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,092 Sqft ∙ Built 2005
    property image
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,285
    • $0.74
    •  
  • 6608 Towerstone Street North Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 2016
    property image
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.84
    •  
  • 1003 Dover Glen Drive Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,931 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,931 Sqft ∙ Built 1997
    property image
    LEASED 03/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,485
    • $0.85
    •  
PROPERTY LISTING DETAILS
Nanette J Verdin
1.702.595.4844
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2280190
Last Updated: 03/24/2021
BESbswy