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8644 Mayport Drive Las Vegas, NV 89131

5 Beds 5 Baths 3,304 sqft Built 2007

INVESTimate

$699,888

List Price

$2,680

$2,430 - $2,930

Rent Est.

$757,209  ( +8.19%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $211.83
  • 9 Days on Market
  • MLS # : 2222731
  • Updated Date : 08/18/2020 at 18:42
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,304 sqft
  • Baths : 4 full , 1 half
Listing Agent

Wardley Real Estate

Listing Agent's Description

Single Story Silverstone Stunner! Guard Gated amazing 5 bed/5 bath home, with salt water pool/spa, in an Oasis backyard with no neighbors behind you, and oh those Mountain views! Open floor plan, neutral tile and travertine, plantation shutters throughout. Kitchen features upgraded cabinets, appliances, granite counters. Country living though close to all, recreation near with Mountain biking, hiking, horseback riding and more, welcome home

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Silverstone Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k387k

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

Neighborhood: Silverstone Ranch

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
Thomas O'roarke Elementary School Primary Regular 817 42 9
Ralph Cadwallader Middle School Middle Regular 1,480 63 NA
Arbor View High School High Regular 2,878 116 9

Thomas O'roarke Elementary School

  • Education Level: Primary
  • # of students: 817
  • # of teachers: 42
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
 

$629,899$769,877$699,888

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$2,582
Property Tax -$490
Property Insurance -$91
HOA -$260
Property Management Fees -$119
CASH FLOW
-$863

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.

$699,888

PROJECTED PRICE

$2,680

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.19%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,220

INVESTMENT

$191,220

Down Payment
$174,972
Rehab Estimate
$5,750
Closing Costs
$10,498

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,582

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,972
Loan Amount $524,916
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,061

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,709

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,7004$2,8985$3,000
$3,000
RENT COMPS ANALYSIS
  • 8644 Mayport Drive Las Vegas, NV 1
    • 5 beds 5 baths ∙ 3,304 Sqft ∙ Built 2007 5 beds 5 baths ∙ 3,304 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8313 Chapelle Court Las Vegas, NV 2
    • 4 beds 4 baths ∙ 3,417 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,417 Sqft ∙ Built 2004
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.70
    •  
  • 8528 Grand Palms Circle Las Vegas, NV 3
    • 5 beds 5 baths ∙ 3,304 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,304 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.82
    •  
  • 8225 Broad Peak Drive Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,417 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,417 Sqft ∙ Built 2009
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,898
    • $0.85
    •  
  • 8655 Killians Greens Drive Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,296 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,296 Sqft ∙ Built 2007
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.91
    •  
PROPERTY LISTING DETAILS
Tracy Winkelman
1.831.430.6005
Wardley Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222731
Last Updated: 08/18/2020
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