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8254 Old Creek Ranch Street Las Vegas, NV 89139

5 Beds 4 Baths 4,371 sqft Built 2013

$535,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

$147,525

Investment Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $122.40
  • 10 Days on Market
  • MLS # : 2254447
  • Updated Date : 12/14/2020 at 10:23
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,371 sqft
  • Baths : 3 full , 1 half
Listing Agent

Milestone Realty

Listing Agent's Description

Immaculate, Stunning, Huge Home in Coronado Ranch with 5 Bedrooms, 4.5 Bath, Dual Master Bedroom: Master Bedroom downstairs with Double Sink Bathroom and Master Bedroom upstairs with Double Sink Bathroom, Guest Bedroom upstairs with Direct Access to 4th Bathroom, 3rd Bathroom upstairs has Double Sink, Huge Loft upstairs with 2 Ceiling Fans, Fanco Ceiling Fan in every room & some fans have Remote Control, Wrought Iron Stairs, Sunburst Plantation Shutters, Stainless Steel appliances, LG Washer/Dryer, LG Fridge, Granite Kitchen Countertop, Microwave included, ADT System, Water Softener, Sprinkler System, Paved Backyard with Plum, Fig & Dragon Fruit Trees. Tile and Carpet have been Professionally Deep Cleaned and Steamed.

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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: Coronado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $119k352k

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

Neighborhood: Coronado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000105011001150120012501300135014001450150015501600Rent in $9561622

* 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
Mark L. Fine Elementary School Primary Regular 1,001 51 6
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Sierra Vista High School High Regular 2,396 88 4

Mark L. Fine Elementary School

  • Education Level: Primary
  • # of students: 1,001
  • # of teachers: 51
6
GreatSchools Rating

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

FINANCIALS

Learn how to read this

$481,500$588,500$535,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$1,974
Property Tax -$434
Property Insurance -$112
Property Management Fees -$119
CASH FLOW
$272

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.

$535,000

PROJECTED PRICE

$2,910

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.3%
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$35k

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$147,525

INVESTMENT

$147,525

Down Payment		 $133,750
Rehab Estimate		 $5,750
Closing Costs		 $8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$70,743

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT

  • $0.67

    LIST RENT PER SQFT

  • $3,158

    COMP ESTIMATED VALUE

  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7503$2,9004$2,9105$4,250
$4,250
RENT COMPS ANALYSIS
  • 8254 Old Creek Ranch Street Las Vegas, NV 4
    • 5 beds 4 baths ∙ 4,371 Sqft ∙ Built 2013 5 beds 4 baths ∙ 4,371 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $0.67
    •  
  • 6335 Mount Eden Las Vegas, NV 1
    • 5 beds 2 baths ∙ 4,340 Sqft ∙ Built 2015 5 beds 2 baths ∙ 4,340 Sqft ∙ Built 2015
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.61
    •  
  • 6375 Mount Eden Avenue Las Vegas, NV 2
    • 5 beds 2 baths ∙ 4,355 Sqft ∙ Built 2015 5 beds 2 baths ∙ 4,355 Sqft ∙ Built 2015
    property image
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.63
    •  
  • 8534 Alpine Vineyards Court Las Vegas, NV 3
    • 6 beds 3 baths ∙ 4,355 Sqft ∙ Built 2018 6 beds 3 baths ∙ 4,355 Sqft ∙ Built 2018
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.67
    •  
  • 8281 Young Ridge Court Las Vegas, NV 5
    • 5 beds 4 baths ∙ 4,340 Sqft ∙ Built 2011 5 beds 4 baths ∙ 4,340 Sqft ∙ Built 2011
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $0.98
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
John Paul Cruz David
1.702.800.9222
Milestone Realty
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2254447
Last Updated: 12/14/2020

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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