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8224 Ebony Peak Street Las Vegas, NV 89143

4 Beds 3 Baths 2,828 sqft Built 1999

$488,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $172.56
  • 4 Days on Market
  • MLS # : 2258733
  • Updated Date : 01/09/2021 at 18:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,828 sqft
  • Baths : 2 full , 1 half
Listing Agent

Monticello Realty Llc

Listing Agent's Description

THIS IS IT !!!!! **Lovely spacious single-story home with sparkling pool (solar heated) sitting on large corner lot in gated community** Perfect set up for multi-gen (separate entrance). **FORMER MODEL HOME** North yard is well manicured with artificial turf (and is large enough for RV parking). South yard perfect for dog run. Property sits next to community park/playground. All appliances stay, including water conditioner! Alarm system stays, including window & glass sensors, and cameras.

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: Astoria Trails North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $119k534k

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

Neighborhood: Astoria Trails North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10762457

* 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
James Bilbray Elementary School Primary Regular 763 39 9
Ralph Cadwallader Middle School Middle Regular 1,480 63 NA
Arbor View High School High Regular 2,878 116 9

James Bilbray Elementary School

  • Education Level: Primary
  • # of students: 763
  • # of teachers: 39
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
 

$439,200$536,800$488,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,695
Property Tax -$342
Property Insurance -$82
Property Management Fees -$119
CASH FLOW
-$178

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.

$488,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 5.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,070

INVESTMENT

$135,070

Down Payment
$122,000
Rehab Estimate
$5,750
Closing Costs
$7,320

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,695

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,000
Loan Amount $366,000
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$17,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,107

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,9003$2,0604$2,1505$2,399
$2,399
RENT COMPS ANALYSIS
  • 8224 Ebony Peak Street Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,828 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,828 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.73
    •  
  • 9141 Hines Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2004
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.71
    •  
  • 9113 Big Plantation Avenue Las Vegas, NV 2
    • 4 beds 4 baths ∙ 2,816 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,816 Sqft ∙ Built 2005
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.67
    •  
  • 8925 Teetering Rock Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,756 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,756 Sqft ∙ Built 2000
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.78
    •  
  • 8809 Glistening Pond Street Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,911 Sqft ∙ Built 2001
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $0.82
    •  
PROPERTY LISTING DETAILS
Beverlydiane Canada
1.702.277.5663
Monticello Realty Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258733
Last Updated: 01/09/2021
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