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8365 Bucks Lake Street Las Vegas, NV 89123

3 Beds 3 Baths 1,846 sqft Built 1998

$369,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $200.38
  • 2 Days on Market
  • MLS # : 2249721
  • Updated Date : 11/21/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,846 sqft
  • Baths : 2 full , 1 half
Listing Agent

Elite Realty

Listing Agent's Description

Welcome to this charming single story home located within minutes to airport, strip, stadium, shopping & parks. Enjoy low maintenance front yard landscaping w/artificial grass, porch & security door entry. Walk into large living room w/vaulted ceilings, hardwood floors, Light fixtures & roll down shades. You'll be ready to cook in this kitchen w/ granite counters, SS LG appliances, some roll out shelves, a breakfast nook with lots of windows, & granite breakfast bar that flows into the family room-with fireplace, hardwood flooring and windows with roll down shades as well. The master bedroom has double doors to backyard, vaulted ceilings ,walk in closet, separate tub and shower, his/her sink vanity. Enjoy the backyard w/ covered patio, Gas BBQ hookup, shrubs, grass lawn & Tuff Shed for additional storage. Lots of extra upgrades *Water softener*Reverse Osmosis*Garage Hanging Shelves*Central Vacuum*HVAC replaced 4 1/2 years ago*Hot Water Heater replaced 6 months ago*No HOA*

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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: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $112k296k

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

Neighborhood: Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
Aggie Roberts Elementary School Primary Regular 805 39 7
Jack L. Schofield Middle School Middle Regular 1,332 51 NA
Silverado High School High Regular 2,263 94 5

Aggie Roberts Elementary School

  • Education Level: Primary
  • # of students: 805
  • # of teachers: 39
7
GreatSchools Rating

Jack L. Schofield Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 51
NA
GreatSchools Rating

Silverado High School

  • Education Level: High
  • # of students: 2,263
  • # of teachers: 94
5
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,365
Property Tax -$217
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
-$204

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.

$369,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.4%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$12,046

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,574

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,6003$1,6404$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 8365 Bucks Lake Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.85
    •  
  • 8465 Adams Valley Street #0 Las Vegas, NV 2
    • 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 2004
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.80
    •  
  • 8367 Charlton Valley Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,994 Sqft ∙ Built 2004
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.82
    •  
  • 1560 Dark Wolf Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,866 Sqft ∙ Built 2007
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 1712 Crystal Downs Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,034 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,034 Sqft ∙ Built 1998
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.88
    •  
PROPERTY LISTING DETAILS
Allison Holman
1.702.526.8289
Elite Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249721
Last Updated: 11/21/2020
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