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8825 West Torino Avenue Las Vegas, NV 89148

3 Beds 3 Baths 1,819 sqft Built 2010

$347,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $190.76
  • 4 Days on Market
  • MLS # : 2262684
  • Updated Date : 01/23/2021 at 15:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,819 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Love at first sight! This elegant, modern, 3-bedroom home with loft features an 8’ leaded glass front door leading into a bright, open floorplan. You’ll enjoy the 9’ ceilings, ceramic tile floors, tasteful blinds, and stylish fans and fixtures. Your beautiful kitchen has stainless steel appliances, granite counters, maple cabinets, undermount sink, and a generous pantry. Enjoy the fresh air under your 25’ covered patio with struts for outdoor fans. Washer, dryer, fridge, outdoor grill, water softener, RO water filters, and all other appliances included. Storage closets in garage included. Living room is wired for surround sound. Lots of storage, including Harry Potter closet under stairs. You’re going to love your new home, come see it today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Don And Dee Snyder Elementary School Primary Unknown NA
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Sierra Vista High School High Regular 2,396 88 4

Don And Dee Snyder Elementary School

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

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$312,300$381,700$347,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,205
Property Tax -$239
Property Insurance -$62
Property Management Fees -$119
CASH FLOW
-$146

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.

$347,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.43%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,705

INVESTMENT

$97,705

Down Payment
$86,750
Rehab Estimate
$5,750
Closing Costs
$5,205

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,205

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,750
Loan Amount $260,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,444

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,505

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4803$1,4954$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 8825 West Torino Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.81
    •  
  • 8836 Whitewater Autumn Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2010
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.80
    •  
  • 8796 Ashley Park Avenue #0 Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 2007
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.77
    •  
  • 8869 Skyline Peak Las Vegas, NV 4
    • 4 beds 3 baths ∙ 1,746 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,746 Sqft ∙ Built 2006
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.92
    •  
  • 8856 Ashley Park Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2006
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.82
    •  
PROPERTY LISTING DETAILS
Chad J Roberts
1.702.579.5677
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262684
Last Updated: 01/23/2021
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