Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
8237 Lauderdale Court 
Las Vegas, NV
89128
3 Beds 2 Baths 1,669 sqft
Built 1988
INVESTimate
$335,000
List Price
$94,525
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1988
- Price/Sqft : $200.72
- 6 Days on Market
- MLS # : 2223151
- Updated Date : 08/24/2020 at 09:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,669 sqft
- Baths : 2 full
Listing Agent
Platinum R.e. Professionals
Listing Agent's Description
Gorgeous single story home in Desert Shores, a true STUNNER!!! This home is right around the corner from a sparkling lake. CUL-DE-SAC!! UPGRADES!!!! Tile flooring throughout, vaulted ceilings. Remodeled kitchen offers granite counter tops, top of the line appliances and custom cabinets! Huge great room. Garage with exterior door, R/O and softener. Master bedroom has sliding doors to backyard. Secluded private yard!
SEE MORE
- 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: Desert Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$197 | |
| Property Insurance | -$60 | |
| HOA | -$80 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$201
|
||
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.
$335,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.50% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$94,525
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
3.08
YEARS SAVED
$9,381
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,623
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
8237 Lauderdale Court Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $1,490
- $0.89
-
2508 Huber Heights Drive Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1994
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,550
- $1.01
-
8253 Hilton Head Court Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,663 Sqft ∙ Built 1990
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,595
- $0.96
-
8348 Shore Breeze Drive Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1989
LEASED 11/19/19- Rent
- Rent Per SQFT
- $1,600
- $1.00
-
8328 Dorado Bay Court Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1990
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,650
- $0.92
PROPERTY LISTING DETAILS
1.702.497.2665
Platinum R.e. Professionals
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2223151
Last Updated: 08/24/2020
