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

8145 Lake Geneva Court Las Vegas, NV 89113

2 Beds 3 Baths 1,308 sqft Built 2007

$265,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $202.60
  • 3 Days on Market
  • MLS # : 2248062
  • Updated Date : 11/14/2020 at 10:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,308 sqft
  • Baths : 2 full , 1 half
Listing Agent

Signature Real Estate Group

Listing Agent's Description

FANTASTIC STARTER HOME*2 BEDROOMS*2.5 BATHS*OVERSIZED LOFT UPSTAIRS PERFECT FOR HOME OFFICE*OVER 1,300 SQFT*CEILING FANS THROUGHOUT*KITCHEN HAS GRANITE COUNTER TOPS & BUILT-IN PANTRY*UPGRADED SHUTTERS*COVERED PATIO WITH ROOM FOR BBQ*MASTER SUITE WITH FULL BATH & DUAL SINKS*PROPERTY IS LOCATED AT END OF CUL DE SAC ACROSS FROM COMMUNITY POOL & ADDITIONAL PARKING

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: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Judi D. Steele Elementary School Primary Regular 858 43 8
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Sierra Vista High School High Regular 2,396 88 4

Judi D. Steele Elementary School

  • Education Level: Primary
  • # of students: 858
  • # of teachers: 43
8
GreatSchools Rating

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$978
Property Tax -$170
Property Insurance -$53
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.

$265,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$26,883

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,364

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2853$1,3004$1,3205$1,370
$1,370
RENT COMPS ANALYSIS
  • 8145 Lake Geneva Court Las Vegas, NV 5
    • 2 beds 3 baths ∙ 1,308 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,308 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.05
    •  
  • 7089 Oberling Bay Avenue Las Vegas, NV 1
    • 2 beds 3 baths ∙ 1,237 Sqft ∙ Built 2010 2 beds 3 baths ∙ 1,237 Sqft ∙ Built 2010
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.01
    •  
  • 8139 Lake Chippewa Street Las Vegas, NV 2
    • 2 beds 3 baths ∙ 1,237 Sqft ∙ Built 2011 2 beds 3 baths ∙ 1,237 Sqft ∙ Built 2011
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,285
    • $1.04
    •  
  • 8115 Amy Springs Street Las Vegas, NV 3
    • 2 beds 3 baths ∙ 1,237 Sqft ∙ Built 2008 2 beds 3 baths ∙ 1,237 Sqft ∙ Built 2008
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.05
    •  
  • 8165 Lake Chippewa Street Las Vegas, NV 4
    • 2 beds 3 baths ∙ 1,237 Sqft ∙ Built 2010 2 beds 3 baths ∙ 1,237 Sqft ∙ Built 2010
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $1.07
    •  
PROPERTY LISTING DETAILS
Christopher Bishop
1.702.205.5252
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248062
Last Updated: 11/14/2020
BESbswy