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8205 Rocky Bluff Way Las Vegas, NV 89129

5 Beds 3 Baths 2,253 sqft Built 1997

INVESTimate

$369,000

List Price

$1,650

$1,485 - $1,815

Rent Est.

$407,044  ( +10.31%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $163.78
  • 5 Days on Market
  • MLS # : 2224072
  • Updated Date : 08/23/2020 at 09:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,253 sqft
  • Baths : 3 full
Listing Agent

Key Realty Southwest Llc

Listing Agent's Description

This beautiful home was just completely renovated and now on the market. A MUST SEE! Renovations include 2 new AC Units, complete kitchen remodel including all new appliances, countertops, backsplash and cabinetry. Installation of new downstairs flooring, 2 new french doors to patio, new blinds throughout, and new carpet on stairs and upstairs. The master bathroom includes a new stand alone tub, barn door, shower, cabinetry, fixtures and tile. Guest bathroom renovated with new cabinets, tub, tile, countertop and fixtures. Throughout the home inside and outside all new door handle and lighting fixtures. Front and backyard landscaping includes new sprinkler system, landscaping and plants. Even the garage was painted and the floor epoxied.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k326k

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

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10701616

* 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
Dorothy Eisenberg Elementary School Primary Regular 609 33 6
Irwin And Susan Molasky Junior High School Middle Regular 1,131 50 NA
Cimarron Memorial High School High Regular 2,541 102 3

Dorothy Eisenberg Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 33
6
GreatSchools Rating

Irwin And Susan Molasky Junior High School

  • Education Level: Middle
  • # of students: 1,131
  • # of teachers: 50
NA
GreatSchools Rating

Cimarron Memorial High School

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

$332,100$405,900$369,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,361
Property Tax -$232
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
-$134

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.

$369,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.31%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$17,022

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,729

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7004$1,8005$1,895
$1,895
RENT COMPS ANALYSIS
  • 8205 Rocky Bluff Way Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,253 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,253 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.73
    •  
  • 7941 Constantinople Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1995
    property image
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.71
    •  
  • 7948 Constantinople Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 1997
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
  • 3600 Porch Swings Way Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 2003
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
  • 3840 Warm Meadows Street Las Vegas, NV 5
    • 4 beds 4 baths ∙ 2,405 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,405 Sqft ∙ Built 2007
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.79
    •  
PROPERTY LISTING DETAILS
Christopher Sugden
1.702.802.9227
Key Realty Southwest Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2224072
Last Updated: 08/23/2020
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