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8412 Oyster Drive Las Vegas, NV 89128

4 Beds 2 Baths 2,185 sqft Built 1989

$475,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $217.39
  • 3 Days on Market
  • MLS # : 2269581
  • Updated Date : 02/12/2021 at 20:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,185 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Comprehensive 3yr renovation offering rare combination of attributes found anywhere in Las Vegas: 10’ deep Pool, RV parking, new Kitchen, Bathrooms & enormous custom Primary Closet. Recent upgrades to this stunning 4 bed (3up/1dn) 3 bath Desert Shores Oasis; New ACs/Furnaces/WiFi Thermostats (under warranty until end 2028),H2O Tank & WiFi Irrigation. Pool & Spa recently re-plastered & tiled, new Kool deck,BBQ w/Refrigerator & covered Patio. New RV gate, main gate & concealed pool equipment storage. New sod & entire exterior repaint. All doors in & out replaced. New baseboards & trim. New faucets, sinks, toilets, lighting, ceiling fans, wall switches, receptacles & garage utility sink.Granite countertops in kitchen & bathrooms, engineered hardwood floors throughout, new tile in bathrooms & laundry. Black stainless kitchen appliance package + extra refrigerator in garage.Soft close kitchen cabinets & drawers. 2 fireplaces.Security film on dstrs windows, cameras, motion-detectors & alarm.

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MARKET HIGHLIGHTS

  • 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: Desert Shores

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Desert Shores

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761945

* 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
Dorothy Eisenberg Elementary School Primary Regular 609 33 6
Ernest Becker Middle School Middle Regular 1,392 56 NA
Cimarron Memorial High School High Regular 2,541 102 3

Dorothy Eisenberg Elementary School

  • Education Level: Primary
  • # of students: 609
  • # of teachers: 33
6
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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,650
Property Tax -$238
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
$84

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.

$475,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.5%
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$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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$40,405

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,021

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$2,0003$2,0954$2,1605$2,300
$2,300
RENT COMPS ANALYSIS
  • 8412 Oyster Drive Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,185 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,185 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.99
    •  
  • 3045 Marsh Court Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 1989
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
  • 8405 Justine Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1991
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
  • 2852 Soft Sun Circle Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 1990
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.97
    •  
  • 8408 Dry Cliff Circle Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,269 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,269 Sqft ∙ Built 1990
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.01
    •  
PROPERTY LISTING DETAILS
Adam S Golomb
1.702.752.1971
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269581
Last Updated: 02/12/2021
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