Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8528 Twinkling Topaz Avenue Las Vegas, NV 89143

3 Beds 3 Baths 2,156 sqft Built 2000

$360,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $166.98
  • 3 Days on Market
  • MLS # : 2246472
  • Updated Date : 11/06/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,156 sqft
  • Baths : 2 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

Recently updated in a gated NW Las Vegas neighborhood, This split level home is located in a cul-de-sac and has 3 beds, 2.5 baths, upstairs features a great room, dining room, kitchen and deck with mountain views, master separate from other bedrooms and is upgraded with a beautiful California Closet, garden tub and separate shower, downstairs has two bedrooms, bath, laundry and a family room with new french doors to pool and spa and is just a short walk to the community park. This beautiful home has many upgrades including new flooring, kitchen appliances, paint, pool pump, french doors to upper and lower patios, upper deck has new granite spray coating, new rain water softener and existing home warranty to transfer in sale. This home is in move-in condition and won't last.

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: 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
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,328
Property Tax -$283
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
-$179

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.

$360,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$12,811

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,649

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6204$1,6955$1,795
$1,795
RENT COMPS ANALYSIS
  • 8528 Twinkling Topaz Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,156 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.75
    •  
  • 8020 Glowing Water Street Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,118 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,118 Sqft ∙ Built 2004
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.73
    •  
  • 8432 Cheerful Brook Avenue #- Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,118 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,118 Sqft ∙ Built 2005
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.75
    •  
  • 8505 Brody Marsh Avenue #0 Las Vegas, NV 4
    • 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2001
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.80
    •  
  • 8617 Butterchurn Avenue #0 Las Vegas, NV 5
    • 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
    •  
PROPERTY LISTING DETAILS
Robert C Danner
1.702.813.0884
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246472
Last Updated: 11/06/2020
BESbswy