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8430 Creekstone Court Las Vegas, NV 89113

4 Beds 2 Baths 3,438 sqft Built 2012

$800,000

List Price

$2,990

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $232.69
  • 5 Days on Market
  • MLS # : 2277676
  • Updated Date : 03/13/2021 at 18:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,438 sqft
  • Baths : 2 full
Listing Agent

Elite Realty

Listing Agent's Description

Perfect place to relax or entertain. Large .40 acre property. Huge solar pool, spa with waterfall. Tiki bar with built in bbq, brand new 16x10 tough shed, brand new concrete poured approx 80 by 12 for RV parking on one side and the other side is a garden paradise with fruit trees (lemon, cherry, orange, grapefruit, apple pear, peach and grape. Outdoor fireplace and firepit. 4 bedrooms 3 baths. Primary bath has a walk in deep soaking jetted tub with separate dual sinks and dual head large titled shower. Floorplan is very open and bright. Kitchen features granite, custom cabinets, stainless-steel appliances, large island, glass tile back splash, 2 built in ovens, built in stainless microwave and large pantry. Large secondary rooms. Formal living and formal dining. Separate family room. Finished epoxy floor garage with extra hanging storage. 9 camera system with monitor stays. Washer/dryer included and so much more. Won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Judi D. Steele Elementary School Primary Regular 858 43 8
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Sierra Vista High School High Regular 2,396 88 4

Judi D. Steele Elementary School

  • Education Level: Primary
  • # of students: 858
  • # of teachers: 43
8
GreatSchools Rating

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$720,000$880,000$800,000

PURCHASE PRICE

$2,691$3,289$2,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,990
EXPENSES Loan Payment -$2,779
Property Tax -$551
Property Insurance -$94
Property Management Fees -$119
CASH FLOW
-$552

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.

$800,000

PROJECTED PRICE

$2,990

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,750

INVESTMENT

$217,750

Down Payment
$200,000
Rehab Estimate
$5,750
Closing Costs
$12,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,779

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $200,000
Loan Amount $600,000
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$12,489

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,990

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $3,034

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,8503$2,9904$3,1005$3,450
$3,450
RENT COMPS ANALYSIS
  • 8430 Creekstone Court Las Vegas, NV 3
    • 4 beds 2 baths ∙ 3,438 Sqft ∙ Built 2012 4 beds 2 baths ∙ 3,438 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.87
    •  
  • 8442 Elche Court Las Vegas, NV 1
    • 4 beds 2 baths ∙ 3,293 Sqft ∙ Built 2006 4 beds 2 baths ∙ 3,293 Sqft ∙ Built 2006
    property image
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.87
    •  
  • 8426 Benicasim Court Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,495 Sqft ∙ Built 2006 5 beds 2 baths ∙ 3,495 Sqft ∙ Built 2006
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.82
    •  
  • 7876 Sleeping Lily Drive Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2006
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.85
    •  
  • 8486 Benicasim Court Las Vegas, NV 5
    • 5 beds 2 baths ∙ 3,496 Sqft ∙ Built 2006 5 beds 2 baths ∙ 3,496 Sqft ∙ Built 2006
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $0.99
    •  
PROPERTY LISTING DETAILS
Anna G Wilk
1.702.788.0019
Elite Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2277676
Last Updated: 03/13/2021
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