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8580 Bobcat Valley Drive Las Vegas, NV 89148

4 Beds 2 Baths 2,727 sqft Built 2016

$449,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $164.65
  • 3 Days on Market
  • MLS # : 2250016
  • Updated Date : 11/21/2020 at 17:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,727 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Cozy 4 bedrooms home inside a gated community Steton Trails. Conveniently located, smart floor plan & natural lighting. The front entrance has a well designed desert landscape that ads a warmth to this wonderful Pied-à-Terre. As you entered the home you will see the upgraded floorings throughout, coat closet, a door that leads you to the 2 car garage w/tankless water heater, family room, kitchen w/tons of upgrades such as the extended cabinets, wine rack & the kitchen island & water softener. Dining area overlooking the garden, guest bedroom & the 3/4 bathroom down for your convenience. One of the best backyard in the community professionally designed & customized $31K invested, the landscape exudes tranquility as well is low maintenance. The stairway also upgraded, the upstairs showcase an extra-Large Den, a well equipped laundry room w/upgraded cabinets & window. The hallway bath has 2 sinks as another upgrade. Prime bedroom is enormous facing the backyard & has some mountain views.

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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
Don And Dee Snyder Elementary School Primary Unknown NA
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Sierra Vista High School High Regular 2,396 88 4

Don And Dee Snyder Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Sierra Vista High School

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

$404,100$493,900$449,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,657
Property Tax -$344
Property Insurance -$80
Property Management Fees -$119
CASH FLOW
-$299

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.

$449,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.42%

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) 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$1.6M

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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$10,447

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,909

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8623$1,9004$1,9005$1,925
$1,925
RENT COMPS ANALYSIS
  • 8580 Bobcat Valley Drive Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,727 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,727 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.70
    •  
  • 8685 Sparrow Desert Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2015
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.64
    •  
  • 752 Oak Hills Course Drive Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,668 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,668 Sqft ∙ Built 2010
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,862
    • $0.70
    •  
  • 8630 Tortoise Canyon Court Las Vegas, NV 3
    • 4 beds 4 baths ∙ 2,572 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,572 Sqft ∙ Built 2017
    LEASED 01/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.74
    •  
  • 51 Tall Ruff Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,667 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,667 Sqft ∙ Built 2005
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.72
    •  
PROPERTY LISTING DETAILS
Cristine Rosa Lefkowitz
1.702.595.8505
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250016
Last Updated: 11/21/2020
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