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8508 Twinkling Topaz Avenue Las Vegas, NV 89143

4 Beds 1 Baths 2,405 sqft Built 2000

$358,888

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $149.23
  • 2 Days on Market
  • MLS # : 2260495
  • Updated Date : 01/09/2021 at 11:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,405 sqft
  • Baths : 1 full
Listing Agent

Croteau Real Estate Services

Listing Agent's Description

MUST SEE: 2 story elegance home in a great location easy access to 95, shopping areas, short walk to community park, Hospital. AMAZING ENTRANCE to foyer vault high ceiling to a split level ground floor, beautiful stairway to upper floor to a large loft (15X15) w/door to balcony. 3 bedrooms 3, walk-in closets, 2 large shower/bath. Master bedroom w/large shower room, separate toilet room, private door to balcony. Ground floor, living room. w/large built-in TV space & sound center. Lot of windows for natural lighting. Family room built-in book shelves & entertainment center. Dining area w/glass sliding door to large space concrete pad back yard, room to plant flowers or shrubs along the wall, covered patio. Kitchen, granite counter top, beautiful cabinet, water Reverse Osmosis system under the sink (stay), one bedroom , one full bath, laundry room, water Softener (stay) in 2 car garage w/ cabinet shelving (stay). Buyers and buyer's agent to verify all measurement and information

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: Astoria Trails South

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k373k

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

Neighborhood: Astoria Trails South

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
James Bilbray Elementary School Primary Regular 763 39 9
Ralph Cadwallader Middle School Middle Regular 1,480 63 NA
Arbor View High School High Regular 2,878 116 9

James Bilbray Elementary School

  • Education Level: Primary
  • # of students: 763
  • # of teachers: 39
9
GreatSchools Rating

Ralph Cadwallader Middle School

  • Education Level: Middle
  • # of students: 1,480
  • # of teachers: 63
NA
GreatSchools Rating

Arbor View High School

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

$322,999$394,777$358,888

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,247
Property Tax -$251
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
$79

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.

$358,888

PROJECTED PRICE

$1,770

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.5%
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

PROJECTED ANNUAL CASH FLOW

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

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$100,855

INVESTMENT

$100,855

Down Payment
$89,722
Rehab Estimate
$5,750
Closing Costs
$5,383

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,247

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,722
Loan Amount $269,166
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$30,854

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,972

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$1,7953$1,8004$1,9505$1,975
$1,975
RENT COMPS ANALYSIS
  • 8508 Twinkling Topaz Avenue Las Vegas, NV 1
    • 4 beds 1 baths ∙ 2,405 Sqft ∙ Built 2000 4 beds 1 baths ∙ 2,405 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.74
    •  
  • 8617 Butterchurn Avenue #0 Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,306 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,306 Sqft ∙ Built 2000
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.78
    •  
  • 8940 Happy Stream Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2003
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.82
    •  
  • 8629 Burning Hide Avenue Las Vegas, NV 4
    • 3 beds 2 baths ∙ 2,306 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,306 Sqft ∙ Built 2000
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
  • 7713 Kiowa Pointe Street Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2000
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.83
    •  
PROPERTY LISTING DETAILS
Sean Chindavat
1.702.724.3630
Croteau Real Estate Services
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2260495
Last Updated: 01/09/2021
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