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8908 Egyptian Avenue Las Vegas, NV 89143

4 Beds 2 Baths 2,387 sqft Built 2004

$460,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $192.71
  • 10 Days on Market
  • MLS # : 2244080
  • Updated Date : 11/03/2020 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,387 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Spectacular 1 story home in a gorgeous gated neighborhood. The home has an incredible open floorplan and is wonderful for entertaining! In 2017 the kitchen was fully remodeled--including new appliances! In 2017 the bathrooms were also renovated, the floors were re-done, and the home was freshly painted. It is turn key!! Additional upgrades include shutters, solar screens, granite counter tops, RO water, soft water system, ceiling fans, gas BBQ stub, and many more! Refrigerator, washer, and dryer included! Come enjoy!!

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: Quarterhorse Falls

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k471k

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

Neighborhood: Quarterhorse Falls

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761958

* 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
James Bilbray Elementary School Primary Regular 763 39 9
Ralph Cadwallader Middle School Middle Regular 1,480 63 NA
Arbor View High School High Regular 2,878 116 9

James Bilbray Elementary School

  • Education Level: Primary
  • # of students: 763
  • # of teachers: 39
9
GreatSchools Rating

Ralph Cadwallader Middle School

  • Education Level: Middle
  • # of students: 1,480
  • # of teachers: 63
NA
GreatSchools Rating

Arbor View High School

  • Education Level: High
  • # of students: 2,878
  • # of teachers: 116
9
GreatSchools Rating
 

$414,000$506,000$460,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,697
Property Tax -$336
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
-$476

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.

$460,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.7%
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-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,254

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,820

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,7504$1,7505$1,875
$1,875
RENT COMPS ANALYSIS
  • 8908 Egyptian Avenue Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,387 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,387 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.73
    •  
  • 9060 Teetering Rock Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,316 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,316 Sqft ∙ Built 2004
    property image
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.76
    •  
  • 9020 Wolf Dancer Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,316 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,316 Sqft ∙ Built 2004
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.76
    •  
  • 8829 Reining Spur Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,378 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,378 Sqft ∙ Built 2003
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 8928 Saddle Red Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2003
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.79
    •  
PROPERTY LISTING DETAILS
Shauna Earl
1.702.283.0881
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244080
Last Updated: 11/03/2020
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