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8516 Copper Mountain Avenue Las Vegas, NV 89129

4 Beds 3 Baths 2,653 sqft Built 1997

$415,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $156.43
  • 3 Days on Market
  • MLS # : 2249821
  • Updated Date : 11/21/2020 at 11:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,653 sqft
  • Baths : 2 full , 1 half
Listing Agent

Vegas One Realty

Listing Agent's Description

Freshly painted 4 bedroom in El Capitan Ranch. Walk in to the living room featuring vaulted ceilings, upgraded porcelin flooring throughout the downstairs. The kitchen has been recently remodeled with stainless steel appliaices. The back slider exits under a nice covered padio, and to green grass lawn and raised garden. The house is in popular grey neutrals and has been well cared for by the owners. Solar Electric 2 years new. All appliances included. Bonus or office area next to the Master bedroom. Come and see! Ready for a Christmas move in. Pictures by tomorrow. SOLAR information to follow.

SEE MORE

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: El Capitan Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k408k

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

Neighborhood: El Capitan Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761942

* 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
Edith Garehime Elementary School Primary Regular 631 32 7
Irwin And Susan Molasky Junior High School Middle Regular 1,131 50 NA
Centennial High School High Regular 3,055 124 6

Edith Garehime Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 32
7
GreatSchools Rating

Irwin And Susan Molasky Junior High School

  • Education Level: Middle
  • # of students: 1,131
  • # of teachers: 50
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,531
Property Tax -$291
Property Insurance -$79
Property Management Fees -$119
CASH FLOW
$21

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.

$415,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.1%
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$1.2M$1.4M$1.6M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$34,461

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,030

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,845
1$1,8452$1,9753$1,9954$2,0405$2,099
$2,099
RENT COMPS ANALYSIS
  • 8516 Copper Mountain Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.77
    •  
  • 8548 Last Point Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 1999
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.72
    •  
  • 8560 Gold Flash Las Vegas, NV 2
    • 3 beds 2 baths ∙ 2,549 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,549 Sqft ∙ Built 2000
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.77
    •  
  • 3805 Cool Meadows Drive Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 1996
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.77
    •  
  • 8629 Copper Falls Avenue #n/a Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 1998
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.80
    •  
PROPERTY LISTING DETAILS
Peggy A Easton-smith
1.702.592.0604
Vegas One Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249821
Last Updated: 11/21/2020
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