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8509 Lansdale Road Las Vegas, NV 89123

2 Beds 2 Baths 984 sqft Built 1989

$262,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $266.26
  • 18 Days on Market
  • MLS # : 2261829
  • Updated Date : 01/29/2021 at 22:13
CONSTRUCTION
  • Beds : 2
  • Floor Size : 984 sqft
  • Baths : 2 full
Listing Agent

Century 21 Americana

Listing Agent's Description

GORGEOUS HOME ON A MAGNIFICENT COMMUNITY...FEATURING 2 BEDROOMS, 2 FULL BATHS, AMPLE LIVING ROOM, FORMAL DINNER ROOM AT ENTRANCE, AMPLE KITCHEN WITH ALL THE APPLIANCES INCLUDED, NICELY LANDSCAPED, FULLY FENCED BACK YARD, 2 CAR GARAGE...VERY LOW HOA FEE...COMMUNITY POOL!!!! PLUS MUCH MORE!!! THIS ONE WILL NOT LAST...BRING YOUR BUYERS AND LET'S GET IT SOLD!!!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k305k

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

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
John R. Beatty Elementary School Primary Regular 601 29 8
Jack L. Schofield Middle School Middle Regular 1,332 51 NA
Silverado High School High Regular 2,263 94 5

John R. Beatty Elementary School

  • Education Level: Primary
  • # of students: 601
  • # of teachers: 29
8
GreatSchools Rating

Jack L. Schofield Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 51
NA
GreatSchools Rating

Silverado High School

  • Education Level: High
  • # of students: 2,263
  • # of teachers: 94
5
GreatSchools Rating
 

$235,800$288,200$262,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$910
Property Tax -$133
Property Insurance -$46
Property Management Fees -$119
CASH FLOW
$72

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.

$262,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,180

INVESTMENT

$75,180

Down Payment
$65,500
Rehab Estimate
$5,750
Closing Costs
$3,930

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,500
Loan Amount $196,500
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$24,153

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $1,279

    COMP ESTIMATED VALUE
  • $1.3

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,3503$1,3954$1,4005$1,420
$1,420
RENT COMPS ANALYSIS
  • 8509 Lansdale Road Las Vegas, NV 1
    • 2 beds 2 baths ∙ 984 Sqft ∙ Built 1989 2 beds 2 baths ∙ 984 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $1.30
    •  
  • 8611 Manalang Road Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1990 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1990
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.28
    •  
  • 615 Paulson Drive #0 Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1990 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1990
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.32
    •  
  • 8409 Yamhill Street Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,088 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,088 Sqft ∙ Built 1994
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.29
    •  
  • 8459 Lodge Haven Street Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,088 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,088 Sqft ∙ Built 1994
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.31
    •  
PROPERTY LISTING DETAILS
Yasmin E Smith
1.702.815.6011
Century 21 Americana
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261829
Last Updated: 01/29/2021
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