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8295 Charleston Peak Street Las Vegas, NV 89166

5 Beds 4 Baths 3,190 sqft Built 2017

$550,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $172.41
  • 3 Days on Market
  • MLS # : 2263344
  • Updated Date : 01/23/2021 at 03:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,190 sqft
  • Baths : 3 full , 1 half
Listing Agent

Nexthome Community Real Estate

Listing Agent's Description

WELCOME TO A PREMIER PROPERTY IN THE HEART OF THE COVETED SKYE CANYON MASTER PLAN COMMUNITY*HERE YOU WILL FIND A MODERN 2 STORY DESIGN & INNOVATIVE FLOOR PLAN BY PARDEE w/ 3 CAR GARAGE SITUATED ON PREMIER CORNER LOT*THIS POPULAR FLOORPLAN HAS THE PERFECT BLEND OF FUNCTION & COMFORT THROUGHOUT NEARLY 3,200sqft ~ 5 BEDROOMS + LOFT & 5 BATHROOMS*THE MAIN LEVEL IS HOST TO AN OVER-SIZED GUEST SUITE, UPGRADED KITCHEN & LARGE DINING AREA ADJACENT TO A SPACIOUS GREAT ROOM*ENJOY GREAT INDOOR/OUTDOOR LIVING, MADE POSSIBLE BY A MULTI-SLIDE DOOR LEADING OUT TO A NICELY DESIGNED BACKYARD RETREAT FEATURING A FULL SIZE COVERED PATIO, SYNTHETIC GRASS, PUTTING GREEN & FOUNTAIN*THE SECOND LEVEL PRESENTS 4 OTHER BEDROOMS, INCLUDING A LUXE PRIMARY SUITE, SPACIOUS LOFT & UPSTAIRS LAUNDRY ROOM*DON’T MISS THE TOP RATED COMMUNITY AMENITIES & PARKS INCLUDING POOL, FITNESS CENTER, BASKETBALL COURTS, PLAYGROUNDS, SPLASH PADS, CLUBHOUSE w/ CAFE & MORE!*ALL OF THIS PLUS GATED COMMUNITY, PARK, NO SID BALANCE!

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: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

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
Kenneth Divich Elementary Primary Unknown NA
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Arbor View High School High Regular 2,878 116 9

Kenneth Divich Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Arbor View High School

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

$495,000$605,000$550,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$1,910
Property Tax -$455
Property Insurance -$89
Property Management Fees -$119
CASH FLOW
-$43

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.

$550,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$31,157

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,624

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5303$2,5954$2,7005$2,700
$2,700
RENT COMPS ANALYSIS
  • 8295 Charleston Peak Street Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,190 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,190 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $0.79
    •  
  • 7721 Native Winds Court Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,087 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,087 Sqft ∙ Built 2005
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.78
    •  
  • 8139 Pinetop Crest Street Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.81
    •  
  • 8120 Pinetop Crest Street Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.85
    •  
  • 8121 Pinetop Crest Street Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.85
    •  
PROPERTY LISTING DETAILS
Peter Torsiello
1.702.743.2333
Nexthome Community Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263344
Last Updated: 01/23/2021
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