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8312 Desert Quail Drive Las Vegas, NV 89128

4 Beds 3 Baths 2,934 sqft Built 1997

$639,990

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $218.13
  • 4 Days on Market
  • MLS # : 2258546
  • Updated Date : 01/02/2021 at 18:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,934 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Market Place

Listing Agent's Description

Beautiful home in Summerlin! Location, location, location! Easy access to the Summerlin parkway and amenities. Spacious living/dining room with vaulted ceilings. Large kitchen with breakfast bar. Granite countertops surrounded by stainless steel appliances and cabinets you'll love. Huge master bedroom and bath. Fantastic backyard, with a large covered patio. Let's not forget that sparkling pool and spa. Pride of ownership exudes in this well-maintained home. If your buyers are looking for a home with nice size rooms, a pool, close to churches, schools and shopping then this is for them.

SEE MORE

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: The Pueblo

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k316k

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

Neighborhood: The Pueblo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761921

* 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
Richard H Bryan Elementary School Primary Regular 617 32 8
Ernest Becker Middle School Middle Regular 1,392 56 NA
Cimarron Memorial High School High Regular 2,541 102 3

Richard H Bryan Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 32
8
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Cimarron Memorial High School

  • Education Level: High
  • # of students: 2,541
  • # of teachers: 102
3
GreatSchools Rating
 

$575,991$703,989$639,990

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$2,361
Property Tax -$367
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
-$572

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.

$639,990

PROJECTED PRICE

$2,360

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$175,347

INVESTMENT

$175,347

Down Payment
$159,998
Rehab Estimate
$5,750
Closing Costs
$9,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $159,998
Loan Amount $479,993
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,540

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,347

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,3003$2,3604$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 8312 Desert Quail Drive Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,934 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.80
    •  
  • 8216 Cretan Blue Lane #- Las Vegas, NV 1
    • 5 beds 2 baths ∙ 2,782 Sqft ∙ Built 1992 5 beds 2 baths ∙ 2,782 Sqft ∙ Built 1992
    property image
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.75
    •  
  • 1713 Pink Cliff Court Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,073 Sqft ∙ Built 1997 5 beds 2 baths ∙ 3,073 Sqft ∙ Built 1997
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.75
    •  
  • 8525 Estrelita Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,949 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,949 Sqft ∙ Built 1995
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.81
    •  
  • 1808 Madera Canyon Place Las Vegas, NV 5
    • 3 beds 2 baths ∙ 2,806 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,806 Sqft ∙ Built 1994
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.89
    •  
PROPERTY LISTING DETAILS
Nancy Li
1.702.483.0653
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258546
Last Updated: 01/02/2021
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