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8353 Normandy Shores Street Las Vegas, NV 89131

4 Beds 4 Baths 3,091 sqft Built 2006

$539,500

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $174.54
  • 7 Days on Market
  • MLS # : 2248568
  • Updated Date : 11/16/2020 at 17:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,091 sqft
  • Baths : 3 full , 1 half
Listing Agent

Raintree Real Estate

Listing Agent's Description

Single story home, guard gated neighborhood, spectacular mountain scenery, and a greenbelt behind you! Enjoy spectacular views of Mt Charleston summit and the Spring Mountain range from your covered patio, or use the meandering paved paths directly behind your house! Quail, roadrunners & jackrabbits keep you company in the open space behind your yard! Relax in your courtyard with fireplace & separate access to guest rooms/office. Ceiling fans in every room help keep you cool, and all bedrooms have attached FULL bathrooms! Highly upgraded kitchen is generously-sized w/ plenty of cabinets, large island, pantry space & double ovens. All appliances included! Oversize lot with lots of side yard space; North side of house could possibly be boat/camper storage. One family has owned since NEW! Near groceries, restaurants and Floyd Lamb Park at Tule Springs! Seller has made numerous upgrades and repairs to make it easier for you. Come enjoy this quiet neighborhood in desirable 89131!

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: Silverstone Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k387k

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

Neighborhood: Silverstone Ranch

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
Thomas O'roarke Elementary School Primary Regular 817 42 9
Ralph Cadwallader Middle School Middle Regular 1,480 63 NA
Arbor View High School High Regular 2,878 116 9

Thomas O'roarke Elementary School

  • Education Level: Primary
  • # of students: 817
  • # of teachers: 42
9
GreatSchools Rating

Ralph Cadwallader Middle School

  • Education Level: Middle
  • # of students: 1,480
  • # of teachers: 63
NA
GreatSchools Rating

Arbor View High School

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

$485,550$593,450$539,500

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,991
Property Tax -$435
Property Insurance -$87
Property Management Fees -$119
CASH FLOW
-$162

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.

$539,500

PROJECTED PRICE

$2,470

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.2%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,718

INVESTMENT

$148,718

Down Payment
$134,875
Rehab Estimate
$5,750
Closing Costs
$8,093

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,991

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,875
Loan Amount $404,625
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$27,048

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,986

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7953$1,9004$1,9955$2,470
$2,470
RENT COMPS ANALYSIS
  • 8353 Normandy Shores Street Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,091 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,091 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.80
    •  
  • 6808 Tarpon Springs Court Las Vegas, NV 1
    • 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2005
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.60
    •  
  • 6836 Rolling Oaks Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,897 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,897 Sqft ∙ Built 2006
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.62
    •  
  • 7153 Bocaire Drive Las Vegas, NV 3
    • 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2004
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.66
    •  
  • 6804 Shalimar Pointe Court Las Vegas, NV 4
    • 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2005
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.69
    •  
PROPERTY LISTING DETAILS
Robert Andy Stahl
1.717.574.2719
Raintree Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248568
Last Updated: 11/16/2020
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