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8806 Diamond Wood Court Las Vegas, NV 89139

4 Beds 2 Baths 2,647 sqft Built 2003

$398,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $150.36
  • 3 Days on Market
  • MLS # : 2268090
  • Updated Date : 02/06/2021 at 21:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,647 sqft
  • Baths : 2 full
Listing Agent

One Stop Realty

Listing Agent's Description

Location! Location! Location!! Near Blue Diamond & Decatur, Easy access to I-15, just minutes to Vegas Strip. Department & Grocery Store, brand name shops, and famous restaurants within half a mile. Gated community with a neighborhood park. Huge side yard on a corner lot with easy maintenance landscape and covered patio. High ceiling on living room and formal dining room area, sunken family room with prewiring for sounds system, an open den on 2nd fllorBedroom with bath downstairs. double door in the primary room. What a Comfortable home with all nice feature for you!

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Dennis Ortwein Elementary School Primary Unknown NA
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Dennis Ortwein Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$358,200$437,800$398,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,382
Property Tax -$268
Property Insurance -$78
Property Management Fees -$119
CASH FLOW
$62

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.

$398,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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$111,220

INVESTMENT

$111,220

Down Payment
$99,500
Rehab Estimate
$5,750
Closing Costs
$5,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,382

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,500
Loan Amount $298,500
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$31,851

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,025

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9104$2,0005$2,095
$2,095
RENT COMPS ANALYSIS
  • 8806 Diamond Wood Court Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,647 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,647 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.72
    •  
  • 4565 Maxwell Peak Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 2004
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.68
    •  
  • 4649 Sequoia Park Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,460 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,460 Sqft ∙ Built 2003
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.75
    •  
  • 4958 Caprock Canyon Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2005
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
  • 4561 Narra Wood Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,549 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,549 Sqft ∙ Built 2019
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.82
    •  
PROPERTY LISTING DETAILS
Zion Cin
1.702.292.9222
One Stop Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2268090
Last Updated: 02/06/2021
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