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8702 Amber Autumn Street Las Vegas, NV 89131

4 Beds 3 Baths 2,948 sqft Built 2011

$599,999

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $203.53
  • 7 Days on Market
  • MLS # : 2250278
  • Updated Date : 11/25/2020 at 14:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,948 sqft
  • Baths : 2 full , 1 half
Listing Agent

Vegas Dream Homes Inc

Listing Agent's Description

Immaculate single story 4 bedroom home in the Northwest! Large Kitchen with granite counter tops, tile floors, and island with breakfast bar, custom stone decorator accents in the kitchen, master suite is separate from others with walk-in closet. The front Bedroom has its own 3/4 bath, huge pool sized backyard with large covered patio and custom fireplace area, and large RV parking area.

SEE MORE

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: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

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
Kitty Mcdonough Ward Elementary School Primary Regular 830 43 9
Anthony Saville Middle School Middle Regular 1,494 58 NA
Shadow Ridge High School High Regular 2,697 105 6

Kitty Mcdonough Ward Elementary School

  • Education Level: Primary
  • # of students: 830
  • # of teachers: 43
9
GreatSchools Rating

Anthony Saville Middle School

  • Education Level: Middle
  • # of students: 1,494
  • # of teachers: 58
NA
GreatSchools Rating

Shadow Ridge High School

  • Education Level: High
  • # of students: 2,697
  • # of teachers: 105
6
GreatSchools Rating
 

$539,999$659,999$599,999

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$2,214
Property Tax -$452
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
-$719

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.

$599,999

PROJECTED PRICE

$2,150

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,750

INVESTMENT

$164,750

Down Payment
$150,000
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $150,000
Loan Amount $449,999
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,629

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,255

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1503$2,2004$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 8702 Amber Autumn Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,948 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,948 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.73
    •  
  • 6804 Shalimar Pointe Court Las Vegas, NV 1
    • 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2005
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.69
    •  
  • 8965 Monte Oro Drive Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,010 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,010 Sqft ∙ Built 2006
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
  • 8250 Point Given Street Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,824 Sqft ∙ Built 2005
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.81
    •  
  • 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
    LEASED 09/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
PROPERTY LISTING DETAILS
John J Faulis
1.702.265.1067
Vegas Dream Homes Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250278
Last Updated: 11/25/2020
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