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8465 Skye Walk Court Las Vegas, NV 89166

5 Beds 5 Baths 3,905 sqft Built 2017

$710,000

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $181.82
  • 7 Days on Market
  • MLS # : 2272452
  • Updated Date : 02/27/2021 at 17:12
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,905 sqft
  • Baths : 4 full , 1 half
Listing Agent

Elite Home Finders

Listing Agent's Description

This Upgraded modern farmhouse with 3 bay garage sits on a private lot tucked in a cul-de-sac inside Keystone. This spacious home in Skye Canyon boasts vaulted ceilings with over 3900 sqft of living space. Open concept living dazzles with 12x24 tiled floor, bamboo & shiplap accent walls & a bonus room that gives you the add'l space you need! Choose downstairs multi-gen living or a generous guest room en suite w level-access shower. Gourmet kitchen boasts 42" white cabinets, soft close drawers, modern gray quartz counters, custom backsplash, single-basin sink & island that comfortably sits 4. Lg Stacking Slider to bkyd where you'll enjoy complete PRIVACY when relaxing in your built in spa. Grand entrance to huge Primary bdrm plus sep shower & soaking tub. Added luxuries: Balcony at landing, 8' doors, built-in cov'd patio, Lg rooms+closets+baths, Laundry Rm sink & cabs. Energy efficient with inclusive solar system. Includes 75" Sony TV, Soft Water & Rev Osmosis, Security Equip, No SIDS!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

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
Kenneth Divich Elementary Primary Unknown NA
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Arbor View High School High Regular 2,878 116 9

Kenneth Divich Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Arbor View High School

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

$639,000$781,000$710,000

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$2,466
Property Tax -$553
Property Insurance -$103
Property Management Fees -$119
CASH FLOW
-$561

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.

$710,000

PROJECTED PRICE

$2,680

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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

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$193,900

INVESTMENT

$193,900

Down Payment
$177,500
Rehab Estimate
$5,750
Closing Costs
$10,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,466

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $177,500
Loan Amount $532,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,617

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,685

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,4953$2,6454$2,6805$2,800
$2,800
RENT COMPS ANALYSIS
  • 8465 Skye Walk Court Las Vegas, NV 4
    • 5 beds 5 baths ∙ 3,905 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,905 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $0.69
    •  
  • 9949 Madison Walk Avenue Las Vegas, NV 1
    • 4 beds 4 baths ∙ 3,730 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,730 Sqft ∙ Built 2005
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.62
    •  
  • 9353 Thunder Basin Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,748 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,748 Sqft ∙ Built 2005
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.67
    •  
  • 9961 Madison Walk Avenue Las Vegas, NV 3
    • 5 beds 5 baths ∙ 3,730 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,730 Sqft ∙ Built 2005
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,645
    • $0.71
    •  
  • 7901 Farralon Ridge Court Las Vegas, NV 5
    • 5 beds 4 baths ∙ 3,730 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,730 Sqft ∙ Built 2005
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.75
    •  
PROPERTY LISTING DETAILS
Shauna R Gut
1.702.785.4255
Elite Home Finders
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2272452
Last Updated: 02/27/2021
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