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8825 Rozetta Court Las Vegas, NV 89134

4 Beds 3 Baths 4,034 sqft Built 1996

$934,000

List Price

$4,120

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $231.53
  • 4 Days on Market
  • MLS # : 2256116
  • Updated Date : 12/19/2020 at 13:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,034 sqft
  • Baths : 2 full , 1 half
Listing Agent

Wardley Real Estate

Listing Agent's Description

Spectacular entertainer's dream! This stunning 4-bedroom turnkey home has been beautifully updated w/plantation shutters throughout. The open floorplan includes a sunken living room w/soaring cathedral ceilings & windows galore. The sellers have updated the home w/plush new carpets, fresh paint, brand-new flooring throughout. It sports 2 dens with beautiful built-in shelves/cabinetry. Prepare meals in the spacious kitchen w/stainless steel appliances (inc. new Thermador fridge & new oven/microwave), custom cabinets, granite counters & huge kitchen island. The master bedroom includes a tranquil balcony, cozy fireplace, dual walk-in closets & the spectacular master bath, complete w/dual-head shower, jetted tub & dramatic underlighting. Enjoy cocktails in the backyard w/resort-style in-ground spa that seats 5-6 people, firepit & wall-mounted heater for dining al fresco amongst the designer landscaping. This guard-gated community is in the heart of Summerlin close to shops, schools & more!

SEE MORE

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: Corta Bella

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100k1200k1300kPrice in $119k1310k

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

Neighborhood: Corta Bella

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10764887

* 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
William Lummis Elementary School Primary Regular 555 27 7
Ernest Becker Middle School Middle Regular 1,392 56 NA
Palo Verde High School High Regular 3,024 114 9

William Lummis Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 27
7
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$840,600$1,027,400$934,000

PURCHASE PRICE

$3,708$4,532$4,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,120
EXPENSES Loan Payment -$3,446
Property Tax -$571
Property Insurance -$105
Property Management Fees -$119
CASH FLOW
-$121

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.

$934,000

PROJECTED PRICE

$4,120

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.75%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.56%
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$40k$50k

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$253,260

INVESTMENT

$253,260

Down Payment
$233,500
Rehab Estimate
$5,750
Closing Costs
$14,010

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,446

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $233,500
Loan Amount $700,500
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$75,175

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,120

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $3,281

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$3,1003$3,5004$4,120
$4,120
RENT COMPS ANALYSIS
  • 8825 Rozetta Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 4,034 Sqft ∙ Built 1996 4 beds 3 baths ∙ 4,034 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $4,120
    • $1.02
    •  
  • 8329 Swan Lake Avenue Las Vegas, NV 1
    • 5 beds 2 baths ∙ 3,698 Sqft ∙ Built 1990 5 beds 2 baths ∙ 3,698 Sqft ∙ Built 1990
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.72
    •  
  • 2001 Amber Stone Court Las Vegas, NV 2
    • 3 beds 4 baths ∙ 3,823 Sqft ∙ Built 1997 3 beds 4 baths ∙ 3,823 Sqft ∙ Built 1997
    LEASED 06/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.81
    •  
  • 9417 Garnet Crown Avenue Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,855 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,855 Sqft ∙ Built 2000
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.91
    •  
PROPERTY LISTING DETAILS
Eiwin Mark
1.415.971.3379
Wardley Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256116
Last Updated: 12/19/2020
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