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8850 Kulka Road Las Vegas, NV 89161

4 Beds 3 Baths 2,922 sqft Built 2000

$748,000

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $255.99
  • 3 Days on Market
  • MLS # : 2269975
  • Updated Date : 02/13/2021 at 20:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,922 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Consolidated

Listing Agent's Description

The best of rural living but close enough to enjoy the city. You will love the gorgeous desert landscapes, surrounded by BLM land and scenic mountain views. This 4 bedroom, 2 1/2 bath home was fully renovated in 2017, upgraded kitchen with granite counters, island, stainless steel appliances including refrigerator, microwave & separate built in ice maker. Bonus room can be used for mud room or office off finished 3 car garage. RV parking.46 acre, fully fenced, wonderful pool and spa, wood look tile flooring, carpet, Huge 20X20 master bedroom. Two covered patios, putting area. and a pergula. Both air conditioners and water heater recently replaced. Elevation certificate may be available for purchase separately.

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

Zip Code: 89161

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $119k661k

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

Zip Code: 89161

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10762595

* 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
Blue Diamond Elementary School Primary Regular 29 3 NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Blue Diamond Elementary School

  • Education Level: Primary
  • # of students: 29
  • # of teachers: 3
NA
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

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

$673,200$822,800$748,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$2,598
Property Tax -$397
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
-$298

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.

$748,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.2%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$203,970

INVESTMENT

$203,970

Down Payment
$187,000
Rehab Estimate
$5,750
Closing Costs
$11,220

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,000
Loan Amount $561,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$26,199

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,900

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,250

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,4953$2,900
$2,900
RENT COMPS ANALYSIS
  • 8850 Kulka Road Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,922 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,922 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.99
    •  
  • 9958 Everlasting Avenue Las Vegas, NV 1
    • 5 beds 3 baths ∙ 2,983 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,983 Sqft ∙ Built 2017
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.70
    •  
  • 8611 Loretta Bay Street Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,983 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,983 Sqft ∙ Built 2017
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.84
    •  
PROPERTY LISTING DETAILS
Donna R Kelton
1.702.423.3331
Century 21 Consolidated
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269975
Last Updated: 02/13/2021
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