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8201 Swan Lake Avenue Las Vegas, NV 89128

6 Beds 2 Baths 3,698 sqft Built 1989

$550,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $148.73
  • 7 Days on Market
  • MLS # : 2250312
  • Updated Date : 11/28/2020 at 12:35
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,698 sqft
  • Baths : 2 full
Listing Agent

Home365 Las Vegas

Listing Agent's Description

Ready for move in by first of 2021! Gorgeous corner lot home offers everything pride of ownership everywhere!! Six bedrooms WITH a bedroom downstairs, spacious kitchen with granite countertops, mosaic backsplash and custom cabinets. Home has ceiling fans throughout, master with massive walk in closets, on a huge lot in Desert Shores, must see home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: South Shores

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k384k

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

Neighborhood: South Shores

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10762136

* 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
Richard H Bryan Elementary School Primary Regular 617 32 8
Ernest Becker Middle School Middle Regular 1,392 56 NA
Cimarron Memorial High School High Regular 2,541 102 3

Richard H Bryan Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 32
8
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Cimarron Memorial High School

  • Education Level: High
  • # of students: 2,541
  • # of teachers: 102
3
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,029
Property Tax -$327
Property Insurance -$99
Property Management Fees -$119
CASH FLOW
$126

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.

$550,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$58,594

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,718

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,5953$2,6504$2,7005$2,895
$2,895
RENT COMPS ANALYSIS
  • 8201 Swan Lake Avenue Las Vegas, NV 4
    • 6 beds 2 baths ∙ 3,698 Sqft ∙ Built 1989 6 beds 2 baths ∙ 3,698 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.73
    •  
  • 1701 Double Arrow Place Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,538 Sqft ∙ Built 1995 5 beds 4 baths ∙ 3,538 Sqft ∙ Built 1995
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.65
    •  
  • 8300 Tivoli Cove Drive Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,490 Sqft ∙ Built 1990 5 beds 3 baths ∙ 3,490 Sqft ∙ Built 1990
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.74
    •  
  • 8329 Swan Lake Avenue Las Vegas, NV 3
    • 5 beds 2 baths ∙ 3,698 Sqft ∙ Built 1990 5 beds 2 baths ∙ 3,698 Sqft ∙ Built 1990
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.72
    •  
  • 8237 Tivoli Cove Drive Las Vegas, NV 5
    • 5 beds 2 baths ∙ 3,490 Sqft ∙ Built 1990 5 beds 2 baths ∙ 3,490 Sqft ∙ Built 1990
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.83
    •  
PROPERTY LISTING DETAILS
Haley J Faucette
1.725.251.7815
Home365 Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250312
Last Updated: 11/28/2020
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