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8920 Meisenheimer Avenue Las Vegas, NV 89143

2 Beds 2 Baths 1,515 sqft Built 2000

$314,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $207.85
  • 7 Days on Market
  • MLS # : 2251286
  • Updated Date : 12/01/2020 at 11:51
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,515 sqft
  • Baths : 2 full
Listing Agent

Henderson Valley Realty

Listing Agent's Description

TERRIFIC SINGLE STORY POOL HOME ON A CORNER LOT! OPEN FLOOR PLAN, 2BR/2BATHS, WITH DEN/OFFICE, SEPARATE LIVING AND FAMILY ROOM, CUSTOM EXTENDED KITCHEN CABINETS, EAT-IN KITCHEN WITH ISLAND, CEILING FANS THROUGHOUT, DOUBLE MIRROR CLOSETS IN PRIMARY BEDROOM, ALL APPLIANCES INCLUDING WASHER/DRYER, SPARKLING PRIVATE POOL/SPA WITH WATERFALL WATER FEATURE, WATER SOFTENER STAYS, COMMUNITY PARK, READY FOR NEW OWNERS!

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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: Spring Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Spring Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10661875

* 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
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,162
Property Tax -$242
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
-$190

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.

$314,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.44%

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

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$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% 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 $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$9,024

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,390

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,185
1$1,1852$1,1953$1,2504$1,3905$1,400
$1,400
RENT COMPS ANALYSIS
  • 8920 Meisenheimer Avenue Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,515 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,515 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.92
    •  
  • 9303 Gilcrease Avenue #2249 Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,268 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,268 Sqft ∙ Built 2005
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,185
    • $0.93
    •  
  • 8961 Careful Canvas Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,318 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,318 Sqft ∙ Built 2007
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.91
    •  
  • 7628 Bokhara Street Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,318 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,318 Sqft ∙ Built 2008
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.95
    •  
  • 9024 Good Humored Court Las Vegas, NV 5
    • 2 beds 3 baths ∙ 1,593 Sqft ∙ Built 2016 2 beds 3 baths ∙ 1,593 Sqft ∙ Built 2016
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.88
    •  
PROPERTY LISTING DETAILS
Michael C Bartok
1.702.580.7550
Henderson Valley Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2251286
Last Updated: 12/01/2020
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