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8205 Todd Neil Court Las Vegas, NV 89117

3 Beds 1 Baths 3,195 sqft Built 2005

$589,000

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $184.35
  • 2 Days on Market
  • MLS # : 2262199
  • Updated Date : 01/17/2021 at 04:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,195 sqft
  • Baths : 1 full
Listing Agent

Vegas One Realty

Listing Agent's Description

Near Summerlin! No HOA! Unique loft-style home. Open great room floorplan w/exposed beam ceiling, ceiling fans, floor to ceiling giant windows w/remote controlled blinds. Dual air conditioners with Honeywell air cleaner systems. Upgraded smart thermostats for energy efficiency. Impressive master suite & bath with spa tub, fireplace, balcony & walk-in shower. Spacious 16x18 walk-in closet. Washer/Dryer hook ups both upstairs & garage makes laundry a breeze! Gourmet Chefs Dream Kitchen features granite countertops, custom cabinets and stainless steel appliances including 48"inch Jenn-Air refrigerator & new whirlpool dishwasher. Under stairs area ready to install wet bar & plumbed for water & drain. Perfect for entertaining! Ring camera doorbell w/security gate. Wired for alarm. Huge pool sized backyard has firepit, & BBQ gas hookup. .22+/-acre lot with room for RV/Boat parking! 3 car garage w/ceiling mounted istorage racks. Covered backyard patio. Balcony wired for sound has city views!!

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: Canyon Gate

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k384k

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

Neighborhood: Canyon Gate

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10762045

* 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
Herbert A. Derfelt Elementary School Primary Regular 699 34 6
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Bonanza High School High Regular 2,003 83 3

Herbert A. Derfelt Elementary School

  • Education Level: Primary
  • # of students: 699
  • # of teachers: 34
6
GreatSchools Rating

Walter Johnson Junior High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 50
NA
GreatSchools Rating

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

$530,100$647,900$589,000

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$2,046
Property Tax -$413
Property Insurance -$89
Property Management Fees -$119
CASH FLOW
$84

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.

$589,000

PROJECTED PRICE

$2,750

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 7.4%
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$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$161,835

INVESTMENT

$161,835

Down Payment
$147,250
Rehab Estimate
$5,750
Closing Costs
$8,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,046

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,250
Loan Amount $441,750
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$45,204

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,907

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7503$2,7504$2,9465$3,200
$3,200
RENT COMPS ANALYSIS
  • 8205 Todd Neil Court Las Vegas, NV 3
    • 3 beds 1 baths ∙ 3,195 Sqft ∙ Built 2005 3 beds 1 baths ∙ 3,195 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.86
    •  
  • 2010 Alberti Court #0 Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,379 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,379 Sqft ∙ Built 1993
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.74
    •  
  • 313 Vista Glen Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,893 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,893 Sqft ∙ Built 1994
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.95
    •  
  • 1400 Castle Crest Drive Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,093 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,093 Sqft ∙ Built 1992
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,946
    • $0.95
    •  
  • 8209 Todd Neil Court Las Vegas, NV 5
    • 3 beds 2 baths ∙ 3,195 Sqft ∙ Built 2005 3 beds 2 baths ∙ 3,195 Sqft ∙ Built 2005
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.00
    •  
PROPERTY LISTING DETAILS
David B Dalton
1.702.713.9217
Vegas One Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262199
Last Updated: 01/17/2021
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