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8752 Shady Pines Drive Las Vegas, NV 89143

4 Beds 3 Baths 2,547 sqft Built 2000

$420,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $164.90
  • 4 Days on Market
  • MLS # : 2273040
  • Updated Date : 02/26/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,547 sqft
  • Baths : 2 full , 1 half
Listing Agent

Large Vision Property Manageme

Listing Agent's Description

This stunning homes shows pride of ownership & an interior designers touch~From polished Marble entry, custom paint & window coverings to beautiful kitchen & baths this home is ready for you to move in~Formal living room w/ vaulted ceiling~Formal dining room~1st floor den can be easily converted to a bedroom as the space is there to install a closet~Half bath is already plumbed for a shower if needed downstairs~Separate family room w/ cozy fireplace~Island kitchen w/ Granite counters, breakfast bar, nook, pantry, stainless steel appliances including refrigerator & microwave~Primary suite w/ ceiling fan & light, walk in closet w/ mirror doors, double sink, deep soaking tub & separate shower~Each guest bedroom has ceiling fan & light~Spacious laundry room w/ cabinets, washer & dryer~All window coverings, pendants, light fixtures, garage refrigerator, wine refrigerator, backyard wall decor & fire kiva, backyard grill, spa, fountains in front & back yards & much more will stay w/ the 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: 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
James Bilbray Elementary School Primary Regular 763 39 9
Ralph Cadwallader Middle School Middle Regular 1,480 63 NA
Arbor View High School High Regular 2,878 116 9

James Bilbray Elementary School

  • Education Level: Primary
  • # of students: 763
  • # of teachers: 39
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
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,459
Property Tax -$259
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
-$43

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.

$420,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.45%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$24,060

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,025

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8703$1,9004$1,9705$1,995
$1,995
RENT COMPS ANALYSIS
  • 8752 Shady Pines Drive Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.73
    •  
  • 8108 Bronze Treasure Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,405 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,405 Sqft ∙ Built 2001
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.77
    •  
  • 8101 Sienna Hollow Court Las Vegas, NV 3
    • 5 beds 3 baths ∙ 2,405 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,405 Sqft ∙ Built 2001
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.79
    •  
  • 8645 Radiant Ruby Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,489 Sqft ∙ Built 2001
    LEASED 02/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.79
    •  
  • 8428 Twinkling Topaz Avenue Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,405 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,405 Sqft ∙ Built 2000
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.83
    •  
PROPERTY LISTING DETAILS
Keith S Thomsen
1.702.612.6003
Large Vision Property Manageme
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2273040
Last Updated: 02/26/2021
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