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8625 Apiary Wind Street 
Las Vegas, NV
89131
4 Beds 3 Baths 2,791 sqft
Built 2005
INVESTimate
$424,900
List Price
$118,349
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PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $152.24
- 3 Days on Market
- MLS # : 2224354
- Updated Date : 08/24/2020 at 14:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,791 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
Located in the NW community of Iron Mountain Ranch. A beautiful park/playground area is located in this subdivision at the entry of the community. 2 story 4 bedroom 2 1/2 bath with a loft and a 3 car garage. Huge yard with a private pool. A massive living/family room at the entry of the home. The kitchen with granite counters, a kitchen island and tile floors and dining nook. Huge master bedroom upstairs. The master bath has dual sinks and a separate tub and shower as well as a large walk in closet. There is a loft/bonus area plus 3 additional bedrooms upstairs separate from the master bedroom. Backyard with desert rock landscaping and a large pool. Dog run to the side of the home.
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,050 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$333 | |
| Property Insurance | -$81 | |
| HOA | -$45 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$96
|
||
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.
$424,900
PROJECTED PRICE
$2,050
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.32% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$118,349
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,225 |
| Loan Amount | $318,675 |
4.58
YEARS SAVED
$23,687
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,050
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,261
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
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8625 Apiary Wind Street Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,791 Sqft ∙ Built 2005
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- Rent
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- $2,050
- $0.73
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5819 Toofer Winds Court Las Vegas, NV 1
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LEASED 04/08/19- Rent
- Rent Per SQFT
- $1,860
- $0.71
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8250 Point Given Street Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 2005
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LEASED 04/01/20- Rent
- Rent Per SQFT
- $2,300
- $0.81
-
8300 Tursi Lodge Court Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 2004
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LEASED 09/27/19- Rent
- Rent Per SQFT
- $2,350
- $0.89
-
5760 Yellow Ridge Avenue Las Vegas, NV 5
- 3 beds 3 baths ∙ 3,010 Sqft ∙ Built 2018 3 beds 3 baths ∙ 3,010 Sqft ∙ Built 2018
![property image]()
LEASED 09/22/19- Rent
- Rent Per SQFT
- $2,500
- $0.83
PROPERTY LISTING DETAILS
1.702.491.9601
Exp Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224354
Last Updated: 08/24/2020
