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8776 Lufield Ridge Court Las Vegas, NV 89149

4 Beds 4 Baths 3,939 sqft Built 2004

$749,900

List Price

$3,270

$3K - $3.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $190.38
  • 9 Days on Market
  • MLS # : 2257714
  • Updated Date : 12/30/2020 at 14:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,939 sqft
  • Baths : 4 full
Listing Agent

Principle Realty Advisors

Listing Agent's Description

Welcome to this Stunning single story, semi-custom Pinnacle home with upgrades galore! This NW beauty boasts gleaming hardwood floors, 10-12' ceilings, tasteful finishes & gorgeous built-ins. An entertainer's kitchen with all the bells & whistles includes upgraded appliances, built-in double ovens, a butler's pantry and an enormous island overlooking the family room & large (additional) dining area. The attached casita/4th bedroom/multi-gen suite is a real bonus. Relax in your private, fully landscaped backyard featuring a large covered patio, gazebo, synthetic grass, a hot tub, waterfall & a fire pit on almost a half acre lot. Plenty of room for a pool! Additional features include: ample RV parking & an oversize 3 car garage with plenty of storage. Even the laundry room is beautiful! With built in cabinets, a utility sink & shelves. *3D Matterport Virtual Tour*

SEE MORE

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: 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
Dean Lamar Allen Elementary School Primary Regular 660 32 6
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Dean Lamar Allen Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Justice M E Leavitt Middle School

  • Education Level: Middle
  • # of students: 1,496
  • # of teachers: 64
NA
GreatSchools Rating

Centennial High School

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

$674,910$824,890$749,900

PURCHASE PRICE

$2,943$3,597$3,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,270
EXPENSES Loan Payment -$2,767
Property Tax -$433
Property Insurance -$103
Property Management Fees -$119
CASH FLOW
-$153

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.

$749,900

PROJECTED PRICE

$3,270

PROJECTED RENT

0.44%

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$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$46,019

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,270

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $3,269

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2003$3,2004$3,2705$3,300
$3,300
RENT COMPS ANALYSIS
  • 8776 Lufield Ridge Court Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,939 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,939 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,270
    • $0.83
    •  
  • 6210 Calm Brook Court Las Vegas, NV 1
    • 4 beds 5 baths ∙ 4,104 Sqft ∙ Built 2001 4 beds 5 baths ∙ 4,104 Sqft ∙ Built 2001
    LEASED 07/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.78
    •  
  • 5645 North Chieftain Street Las Vegas, NV 2
    • 4 beds 6 baths ∙ 3,940 Sqft ∙ Built 2007 4 beds 6 baths ∙ 3,940 Sqft ∙ Built 2007
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.81
    •  
  • 9455 Centennial Parkway Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,703 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,703 Sqft ∙ Built 2019
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.86
    •  
  • 4724 El Presidente Drive Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,781 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,781 Sqft ∙ Built 2004
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.87
    •  
PROPERTY LISTING DETAILS
Kathryn Hunt
1.702.340.7916
Principle Realty Advisors
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257714
Last Updated: 12/30/2020
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