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8711 James Raul Avenue Las Vegas, NV 89143

6 Beds 6 Baths 4,194 sqft Built 2005

$699,900

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $166.88
  • 5 Days on Market
  • MLS # : 2244956
  • Updated Date : 11/05/2020 at 22:20
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,194 sqft
  • Baths : 5 full , 1 half
Listing Agent

Wynn Realty Group

Listing Agent's Description

This gorgeous northwest home in highly desirable gated neighborhood has it all! Over 4,600 sf with separate casita-6 bedrooms and 6 bathrooms! The main house has two masters, one up and one down! The gated courtyard entry has fabulous mountain views! Dramatic vaulted ceilings upon entry! Chef's kitchen has a breakfast bar island with granite counters, double ovens, separate cooktop, and microwave! Plenty of storage and upgraded cabinetry with glass inserts! Another prep "wok" kitchen off the main kitchen can be used to serve casita! The master suite downstairs has walk-in closet, oversized vanity, and tub/shower. The upstairs master suite has a balcony off the back of the home, two walk-in closets, garden tub, separate shower, and two vanities! All bedrooms are generously sized. Backyard Oasis has plenty of space for outdoor entertaining, a sparkling pool/spa, real grass, and patio space off family room and casita! The theater room upstairs has a balcony that overlooks sheep mountains!

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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: Tule Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $119k391k

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

Neighborhood: Tule Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761890

* 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
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$2,582
Property Tax -$614
Property Insurance -$108
Property Management Fees -$119
CASH FLOW
-$113

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.

$699,900

PROJECTED PRICE

$3,310

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.7%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% 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 $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$42,953

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,310

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,698

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,5003$3,2004$3,310
$3,310
RENT COMPS ANALYSIS
  • 8711 James Raul Avenue Las Vegas, NV 4
    • 6 beds 6 baths ∙ 4,194 Sqft ∙ Built 2005 6 beds 6 baths ∙ 4,194 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $3,310
    • $0.79
    •  
  • 7728 Villa De La Paz Avenue Las Vegas, NV 1
    • 6 beds 6 baths ∙ 4,062 Sqft ∙ Built 2004 6 beds 6 baths ∙ 4,062 Sqft ∙ Built 2004
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.54
    •  
  • 7575 Lassen Peak Circle Las Vegas, NV 2
    • 5 beds 4 baths ∙ 4,374 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,374 Sqft ∙ Built 2007
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.57
    •  
  • 8318 Beldina Street Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,905 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,905 Sqft ∙ Built 2017
    LEASED 05/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.82
    •  
PROPERTY LISTING DETAILS
Michelle D Stiles
1.702.250.7224
Wynn Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244956
Last Updated: 11/05/2020
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