Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8732 Gilmore Avenue Las Vegas, NV 89129

5 Beds 3 Baths 4,861 sqft Built 1999

$675,000

List Price

$2,820

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $138.86
  • 3 Days on Market
  • MLS # : 2263607
  • Updated Date : 01/23/2021 at 17:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,861 sqft
  • Baths : 3 full
Listing Agent

Signature Real Estate Group

Listing Agent's Description

No expense spared on this gorgeous TOP TO BOTTOM remodel. From kitchen to baths, flooring to lighting - everything has been done. Fresh paint, high ceilings & numerous large windows for incredible light throughout. Beautiful ceramic tile, brand new carpet & high end flooring. All new completely remodeled chefs kitchen w/white quartz countertops, designer backsplash, new SS oven/microwave & 5 burner stove. Substantial kitchen storage w/new white cabinets, large kitchen island & walk-in pantry. Multi-level gathering space includes fireplace & large eating area overlooks spacious pool-sized backyard. Separate laundry w/garage entry. Basement bonus space for your own personal gym, theater or extra bedroom. Upstairs includes a generous loft & incredibly large main BR w/spacious walk-in closet. Lovely ensuite bath w/dual sinks, separate shower & large soaker tub. Home includes 4 guest bedrooms, one w/Juliet balcony & 2 add'l BA's. JUST TOO GORGEOUS TO PASS UP!

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: El Capitan Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k408k

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

Neighborhood: El Capitan Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761942

* 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
Edith Garehime Elementary School Primary Regular 631 32 7
Irwin And Susan Molasky Junior High School Middle Regular 1,131 50 NA
Centennial High School High Regular 3,055 124 6

Edith Garehime Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 32
7
GreatSchools Rating

Irwin And Susan Molasky Junior High School

  • Education Level: Middle
  • # of students: 1,131
  • # of teachers: 50
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$607,500$742,500$675,000

PURCHASE PRICE

$2,538$3,102$2,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,820
EXPENSES Loan Payment -$2,345
Property Tax -$461
Property Insurance -$121
Property Management Fees -$119
CASH FLOW
-$226

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.

$675,000

PROJECTED PRICE

$2,820

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$24,566

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,820

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $3,160

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,820
1$2,8202$2,995
$2,995
RENT COMPS ANALYSIS
  • 8732 Gilmore Avenue Las Vegas, NV 1
    • 5 beds 3 baths ∙ 4,861 Sqft ∙ Built 1999 5 beds 3 baths ∙ 4,861 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,820
    • $0.58
    •  
  • 8724 Gilmore Avenue Las Vegas, NV 2
    • 6 beds 3 baths ∙ 4,643 Sqft ∙ Built 1999 6 beds 3 baths ∙ 4,643 Sqft ∙ Built 1999
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.65
    •  
PROPERTY LISTING DETAILS
Christopher Patrick
1.702.372.8844
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263607
Last Updated: 01/23/2021
BESbswy