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8213 Dusty Valley Court Las Vegas, NV 89131

4 Beds 2 Baths 2,884 sqft Built 2001

$508,900

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $176.46
  • 10 Days on Market
  • MLS # : 2243407
  • Updated Date : 11/04/2020 at 08:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,884 sqft
  • Baths : 2 full
Listing Agent

Redfin

Listing Agent's Description

Gorgeous home !! in the charming gated Four Winds community. Large single story home on an oversized lot with 4 bedrooms plus den and also a sunroom.!Many upgrades throughout incl.beautiful granite countertops,hard surface flooring and huge island kitchen.Home has high volume ceilings and upgraded appliances and designer paint.Find tranquility in the professionally landscaped rear yard.Large patio and gazebo areas. come see this home it has true pride in ownership.Good freeway access and close to everything.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Four Winds

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k396k

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

Neighborhood: Four Winds

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Thomas O'roarke Elementary School Primary Regular 817 42 9
Ralph Cadwallader Middle School Middle Regular 1,480 63 NA
Arbor View High School High Regular 2,878 116 9

Thomas O'roarke Elementary School

  • Education Level: Primary
  • # of students: 817
  • # of teachers: 42
9
GreatSchools Rating

Ralph Cadwallader Middle School

  • Education Level: Middle
  • # of students: 1,480
  • # of teachers: 63
NA
GreatSchools Rating

Arbor View High School

  • Education Level: High
  • # of students: 2,878
  • # of teachers: 116
9
GreatSchools Rating
 

$458,010$559,790$508,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,878
Property Tax -$332
Property Insurance -$83
Property Management Fees -$119
CASH FLOW
-$622

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.

$508,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.1%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,609

INVESTMENT

$140,609

Down Payment
$127,225
Rehab Estimate
$5,750
Closing Costs
$7,634

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,225
Loan Amount $381,675
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,359

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $1,954

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,7904$1,9905$2,100
$2,100
RENT COMPS ANALYSIS
  • 8213 Dusty Valley Court Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,884 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,884 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.62
    •  
  • 8208 Cabin Springs Avenue #- Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,684 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,684 Sqft ∙ Built 2001
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.63
    •  
  • 8304 Lambtin Quay Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,763 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,763 Sqft ∙ Built 2009
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.63
    •  
  • 8163 Deer Clan Court #0 Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,971 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,971 Sqft ∙ Built 2001
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.67
    •  
  • 7947 Quail Harbor Street Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,694 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,694 Sqft ∙ Built 2001
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
PROPERTY LISTING DETAILS
Marco J Di Pasqualucci
1.702.461.3024
Redfin
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243407
Last Updated: 11/04/2020
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