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8485 Del Vista Court Las Vegas, NV 89113

4 Beds 2 Baths 3,783 sqft Built 1995

$739,900

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $195.59
  • 6 Days on Market
  • MLS # : 2259277
  • Updated Date : 01/07/2021 at 23:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,783 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Realty Las Vegas

Listing Agent's Description

Custom home*1/2 acre*Original Owners*Single-story*4 bdrm*Den*3 1/2 bath*4 car-3 bay, 1 tandem*RV parking*3,783 sq.ft.*Corner lot, one neighbor*Soaring 20' rotunda entry w/leaded glass door*Formal living room w/bay window & dining room*Gourmet kitchen w/SS appliances, island, granite, 11' walk-in pantry, cooktop w/custom hood, dbl convection ovens, hardwood floors, brkfst bar & brkfst nook, instant hot water @ sink, backsplash, coffered ceiling*Great room w/fireplace*10' ceilings & shutters*Mstr bdrm w/ceiling fan & 2 closets*Mstr spa bath w/dbl sinks, custom tile, jetted tub & walk-in shower*Guest bdrm 2 & 3 share Jack n' Jill bath*Guest bdrm #4 next to hall bath*Den/office*Utility room & 1/2 bath*Covered patio*Paver patio & extended patio area*Firepit*13/14 SEER A/C 2015*Solar Screens*Security Doors*2X6 construction*Stuccoed Eves & Gutters*Outside lighting*Alarm*Ceiling fans*80 gallon hot water*Garage cabinets*Central Vac*Water Softener* 3D Virtual Tour available for viewing*

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
 

$665,910$813,890$739,900

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$2,570
Property Tax -$464
Property Insurance -$100
Property Management Fees -$119
CASH FLOW
-$903

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.

$739,900

PROJECTED PRICE

$2,350

PROJECTED RENT

0.32%

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

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$201,824

INVESTMENT

$201,824

Down Payment
$184,975
Rehab Estimate
$5,750
Closing Costs
$11,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,570

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $184,975
Loan Amount $554,925
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$841

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $2,667

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,7453$2,7954$2,8505$3,000
$3,000
RENT COMPS ANALYSIS
  • 8485 Del Vista Court Las Vegas, NV 1
    • 4 beds 2 baths ∙ 3,783 Sqft ∙ Built 1995 4 beds 2 baths ∙ 3,783 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.62
    •  
  • 301 Arbour Garden Avenue Las Vegas, NV 2
    • 5 beds 3 baths ∙ 4,108 Sqft ∙ Built 2001 5 beds 3 baths ∙ 4,108 Sqft ∙ Built 2001
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,745
    • $0.67
    •  
  • 9042 Cedar Fort Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,888 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,888 Sqft ∙ Built 2012
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.72
    •  
  • 93 Chateau Whistler Court Las Vegas, NV 4
    • 5 beds 3 baths ∙ 4,108 Sqft ∙ Built 2001 5 beds 3 baths ∙ 4,108 Sqft ∙ Built 2001
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.69
    •  
  • 24 Chateau Whistler Court Las Vegas, NV 5
    • 5 beds 3 baths ∙ 4,066 Sqft ∙ Built 1998 5 beds 3 baths ∙ 4,066 Sqft ∙ Built 1998
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.74
    •  
PROPERTY LISTING DETAILS
Robin I Smith
1.702.460.5080
Keller Williams Realty Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259277
Last Updated: 01/07/2021
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