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
8325 Jeeves Circle 
Las Vegas, NV
89149
4 Beds 3 Baths 3,767 sqft
Built 2005
INVESTimate
$750,000
List Price
$204,500
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $199.10
- 2 Days on Market
- MLS # : 2224897
- Updated Date : 08/25/2020 at 17:59
CONSTRUCTION
- Beds : 4
- Floor Size : 3,767 sqft
- Baths : 3 full
Listing Agent
Era Brokers Consolidated
Listing Agent's Description
Wow fantastic price for this homesite on over a half an acre in a gated community! Great functional floor plan for any lifestyle. All rooms area large & open. Includes a multi gen space with wet bar and 3/4 bathroom & separate entrance or could be used for game room, media room, etc. Huge kitchen with plenty of cabinets & counter space. All stainless steel appliances, room for a built in refrigerator, full tumbled travertine back splashes for accents. Enjoy the tropical paradise backyard with spa, slide, grotto, waterfall, built in BBQ, covered patio, palapa, dog run, with plenty of trees & space to entertain. This property can has boat & rv parking plus a 15x26 free standing garage with a 10 foot high roll up door! Plenty of room for multiple vehicles or toys. Located near shopping centers, restaurants, golf, freeway access. Great location in the northwest valley in an 8 lot gated cul-d-sa ! Better think fast. You may sleep on it but you might not sleep in it! Check out the 3D Tour.
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: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Centennial Hills
* 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 | $3,700 |
| EXPENSES | Loan Payment | -$2,767 |
| Property Tax | -$591 | |
| Property Insurance | -$100 | |
| HOA | -$125 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$2
|
||
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.
$750,000
PROJECTED PRICE
$3,700
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.32% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$204,500
LOAN DETAILS
$2,767
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $187,500 |
| Loan Amount | $562,500 |
5.67
YEARS SAVED
$57,112
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,835
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
8325 Jeeves Circle Las Vegas, NV 1
- 4 beds 3 baths ∙ 3,767 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,767 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8073 Mackenzie Court Las Vegas, NV 2
- 5 beds 4 baths ∙ 3,494 Sqft ∙ Built 1991 5 beds 4 baths ∙ 3,494 Sqft ∙ Built 1991
LEASED 05/22/20- Rent
- Rent Per SQFT
- $2,650
- $0.76
-
6335 Juliano Road Las Vegas, NV 3
- 3 beds 2 baths ∙ 3,666 Sqft ∙ Built 1994 3 beds 2 baths ∙ 3,666 Sqft ∙ Built 1994
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,695
- $0.74
-
4741 Sand Hawk Court Las Vegas, NV 4
- 4 beds 2 baths ∙ 3,891 Sqft ∙ Built 1996 4 beds 2 baths ∙ 3,891 Sqft ∙ Built 1996
LEASED 08/06/19- Rent
- Rent Per SQFT
- $2,850
- $0.73
-
6210 Calm Brook Court Las Vegas, NV 5
- 4 beds 5 baths ∙ 4,104 Sqft ∙ Built 2001 4 beds 5 baths ∙ 4,104 Sqft ∙ Built 2001
LEASED 07/16/19- Rent
- Rent Per SQFT
- $3,200
- $0.78
PROPERTY LISTING DETAILS
1.702.525.9800
Era Brokers Consolidated
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224897
Last Updated: 08/25/2020
