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8924 Jaquita Avenue Las Vegas, NV 89149

3 Beds 3 Baths 1,352 sqft Built 2006

$269,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $198.96
  • 3 Days on Market
  • MLS # : 2276514
  • Updated Date : 03/06/2021 at 03:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,352 sqft
  • Baths : 3 full
Listing Agent

Brady Realty Group, Llc

Listing Agent's Description

WONDERFUL 3 STORY HOME IN NORTHWEST LAS VEGAS. 3 STORY HOME WITH ATTACHED 2 CAR GARAGE. BEDROOM AND FULL BATH ON FIRST FLOOR. LARGE FAMILY ROOM OPEN TO KITCHEN WITH ISLAND. ALL APPLIANCES INCLUDED. WASHER AND DRYER ON 3RD FLOOR. TONS OF LIGHTS, AMAZING LOCATION. BEAUTIFUL COMMUNITY POOL A MUST SEE.

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: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Marshall C. Darnell Elementary School Primary Regular 793 40 6
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Centennial High School High Regular 3,055 124 6

Marshall C. Darnell Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 40
6
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$934
Property Tax -$198
Property Insurance -$53
Property Management Fees -$119
CASH FLOW
$25

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.

$269,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$19,868

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,315

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,330
1$1,3302$1,3503$1,3954$1,4005$1,400
$1,400
RENT COMPS ANALYSIS
  • 8924 Jaquita Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,352 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,352 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.98
    •  
  • 8936 Jaquita Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,353 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,353 Sqft ∙ Built 2006
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.00
    •  
  • 9049 Walker Lake Court Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,446 Sqft ∙ Built 2011
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.96
    •  
  • 8909 Trickling Springs Court Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,491 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,491 Sqft ∙ Built 2007
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.94
    •  
  • 9107 Bushy Tail Avenue #102 Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,417 Sqft ∙ Built 2005
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.99
    •  
PROPERTY LISTING DETAILS
Heather M Yuman Bowes
1.702.588.1183
Brady Realty Group, Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2276514
Last Updated: 03/06/2021
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