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8810 Winter Sky Avenue Las Vegas, NV 89148

2 Beds 3 Baths 1,288 sqft Built 2002

$314,999

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $244.56
  • 7 Days on Market
  • MLS # : 2256973
  • Updated Date : 12/22/2020 at 00:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,288 sqft
  • Baths : 2 full , 1 half
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Beautiful One Level Corner Lot! Bamboo Floor throughout, Ceramic Tile Floor In Baths, Laundry & Kitchen, Crown Molding. NEW 2017 Dual Sinks, Countertop, Vanity, Walk-in Shower Glass Enclosure In Master-New 2017 Sink, Countertop, Vanity, Walk-in Shower Glass Enclosure In 2nd Bathroom. New 2017 Entire Kitchen Professionally Remodeled (Stainless Steel Appliances) With The Bathrooms New 2017 Covered Patio approx. 12x42.** DBL French Doors to Den. Separate Master. Low Maintenance Yards. Vivant Security System. Solar Panels. Must See!

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: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Lucille Rogers Elementary School Primary Regular 775 43 9
Grant Sawyer Middle School Middle Regular 1,308 52 NA
Durango High School High Regular 2,302 95 5

Lucille Rogers Elementary School

  • Education Level: Primary
  • # of students: 775
  • # of teachers: 43
9
GreatSchools Rating

Grant Sawyer Middle School

  • Education Level: Middle
  • # of students: 1,308
  • # of teachers: 52
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$283,499$346,499$314,999

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,162
Property Tax -$186
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
-$180

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.

$314,999

PROJECTED PRICE

$1,340

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,249
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,989

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,323

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,2503$1,3404$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 8810 Winter Sky Avenue Las Vegas, NV 3
    • 2 beds 3 baths ∙ 1,288 Sqft ∙ Built 2002 2 beds 3 baths ∙ 1,288 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.04
    •  
  • 8070 Russell Road #1008 Las Vegas, NV 1
    • 2 beds 1 baths ∙ 948 Sqft ∙ Built 1994 2 beds 1 baths ∙ 948 Sqft ∙ Built 1994
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $1.00
    •  
  • 6160 Rumrill Street #225 Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,191 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,191 Sqft ∙ Built 2006
    property image
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.05
    •  
  • 9272 Mandeville Bay Avenue #n/a Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,435 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,435 Sqft ∙ Built 2003
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.01
    •  
  • 5967 Buff Bay Street #0 Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,435 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,435 Sqft ∙ Built 2003
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.05
    •  
PROPERTY LISTING DETAILS
Marianne Paglia
1.702.496.1573
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256973
Last Updated: 12/22/2020
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