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8625 Robinson Ridge Drive Las Vegas, NV 89117

4 Beds 4 Baths 3,167 sqft Built 2001

$739,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $233.34
  • 3 Days on Market
  • MLS # : 2271412
  • Updated Date : 02/20/2021 at 22:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,167 sqft
  • Baths : 3 full , 1 half
Listing Agent

Luxury Homes Of Las Vegas

Listing Agent's Description

Beautiful one story home on the golf course! Make this gem your own with personalized updates. Four large bedrooms, three and half bathrooms, and 3,167 square feet. Light and bright with large rooms throughout. Separate living room and family room areas plus a formal dining room. Spacious primary bedroom, separate from the other rooms, featuring sliders to the backyard, plush carpet flooring, and large walk-in closet. Primary bath has a large tub and separate walk-in shower. The backyard is unbeatable! Gorgeous pool with golf course frontage, mature landscaping, and a lush grass lawn. Schedule a tour today! Buyer to verify all information in MLS.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Canyon Gate Master

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $69k362k

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

Neighborhood: Canyon Gate Master

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10763795

* 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
D'voree And Hall Ober Elementary School Primary Regular 669 39 8
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Bonanza High School High Regular 2,003 83 3

D'voree And Hall Ober Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 39
8
GreatSchools Rating

Walter Johnson Junior High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 50
NA
GreatSchools Rating

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

$665,100$812,900$739,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$2,567
Property Tax -$560
Property Insurance -$89
Property Management Fees -$119
CASH FLOW
-$844

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.

$739,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 3.7%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$201,585

INVESTMENT

$201,585

Down Payment
$184,750
Rehab Estimate
$5,750
Closing Costs
$11,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,567

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $184,750
Loan Amount $554,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,353

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,447

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,099
1$2,0992$2,3753$2,4904$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 8625 Robinson Ridge Drive Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,167 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,167 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.79
    •  
  • 1412 Sunblush Lane #0 Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,994 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,994 Sqft ∙ Built 1992
    property image
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.70
    •  
  • 1400 Sun Copper Drive Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,994 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,994 Sqft ∙ Built 1992
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.79
    •  
  • 2010 Alberti Court #0 Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,379 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,379 Sqft ∙ Built 1993
    property image
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.74
    •  
  • 9029 Robinson Ridge Drive Las Vegas, NV 5
    • 3 beds 3 baths ∙ 3,029 Sqft ∙ Built 1996 3 beds 3 baths ∙ 3,029 Sqft ∙ Built 1996
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.86
    •  
PROPERTY LISTING DETAILS
Kenneth H Lowman
1.702.216.4663
Luxury Homes Of Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2271412
Last Updated: 02/20/2021
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