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8527 Lost Pony Street Las Vegas, NV 89148

2 Beds 3 Baths 2,207 sqft Built 2020

$609,900

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $276.35
  • 3 Days on Market
  • MLS # : 2249575
  • Updated Date : 11/20/2020 at 21:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,207 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nexthome Community Real Estate

Listing Agent's Description

STEP INTO THIS MODERN MASTERPIECE IN SOUGHT AFTER GATED COMMUNITY OF EDGEVIEW. 14 FOOT CEILINGS GREET YOU AS YOU ENTER THE HOME. A FLOWING GREAT ROOM LAYOUT IS ANCHORED BY A TRUE CULINARY INSPIRED KITCHEN. UPGRADED GRAY CABINETS, 42" UPPERS, MASSIVE ISLAND W/QUARTZ COUNTERTOPS, WATERFALL EDGE & FULL HEIGHT QUARTZ BACKSPLASH. PENDANT LIGHTS, BEVERAGE CENTER, 5 BURNER COOKTOP, CANOPY HOOD, & STATE OF THE ART FRENCH DOOR FRIDGE ALL GIVE THE KITCHEN AN UP MARKET FEEL. 16' STACKED SLIDING DOORS LURE YOU OUT TO THE REMARKABLY DESIGNED BACKYARD OASIS COMPLETE W/FLOATING CONCRETE FLATWORK + TONGUE & GROOVE REAR WALL. A LARGE COVERED PATIO W/OVERSIZED CEILING FAN MAKE THE SPACE TRULY A RETREAT FOR ALL 4 SEASONS. A PRIVATE OWNER SUITE BOASTS A SPA LIKE SHOWER W/FULL QUARTZ SURROUND, SEPARATE DUAL VANITIES, LARGE WALK IN CLOSET LEADING DIRECTLY TO LAUNDRY. ADD'L FEATURES INCLUDE: TOP OF THE LINE H2O SOFTENER, 10FT CEILINGS, UPGRADED 6 PANEL INTERIOR DOORS, WINDOW SHADES, & CERAMIC TILE THROUGHOUT

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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: 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
Robert L. Forbuss Elementary School Primary Regular 1,163 56 7
Wilbue And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Robert L. Forbuss Elementary School

  • Education Level: Primary
  • # of students: 1,163
  • # of teachers: 56
7
GreatSchools Rating

Wilbue And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$548,910$670,890$609,900

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 -$2,250
Property Tax -$379
Property Insurance -$70
Property Management Fees -$119
CASH FLOW
-$778

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$609,900

PROJECTED PRICE

$2,040

PROJECTED RENT

0.33%

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,624

INVESTMENT

$163,624

Down Payment
$152,475
Rehab Estimate
$2,000
Closing Costs
$9,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,250

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $152,475
Loan Amount $457,425
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,092

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
  • $0.92

    LIST RENT PER SQFT
  • $1,861

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7503$2,0004$2,040
$2,040
RENT COMPS ANALYSIS
  • 8527 Lost Pony Street Las Vegas, NV 4
    • 2 beds 3 baths ∙ 2,207 Sqft ∙ Built 2020 2 beds 3 baths ∙ 2,207 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.92
    •  
  • 9378 Hosner Street Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,879 Sqft ∙ Built 2010 2 beds 2 baths ∙ 1,879 Sqft ∙ Built 2010
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 83 Cora Hills Court #0 Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,967 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,967 Sqft ∙ Built 2001
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.89
    •  
  • 7486 Camero Las Vegas, NV 3
    • 2 beds 3 baths ∙ 2,520 Sqft ∙ Built 2011 2 beds 3 baths ∙ 2,520 Sqft ∙ Built 2011
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
PROPERTY LISTING DETAILS
Peter Torsiello
1.702.335.7550
Nexthome Community Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249575
Last Updated: 11/20/2020
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