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8928 Skyline Peak Court Las Vegas, NV 89148

4 Beds 3 Baths 2,019 sqft Built 2006

INVESTimate

$328,000

List Price

$1,410

$1,269 - $1,551

Rent Est.

$360,111  ( +9.79%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $162.46
  • 7 Days on Market
  • MLS # : 2223520
  • Updated Date : 08/20/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,019 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jason's Realty

Listing Agent's Description

South west area, easy to access to all areas. Master bedroom downstairs, all bedrooms have walking closet. Huge loft upstairs with ceiling fans. Private spa and Storage room at back yard.

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

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
 

$295,200$360,800$328,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,210
Property Tax -$236
Property Insurance -$66
HOA -$70
Property Management Fees -$119
CASH FLOW
-$291

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.

$328,000

PROJECTED PRICE

$1,410

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.79%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,670

INVESTMENT

$92,670

Down Payment
$82,000
Rehab Estimate
$5,750
Closing Costs
$4,920

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,000
Loan Amount $246,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,908

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,454

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,410
1$1,4102$1,4503$1,4504$1,5005$1,500
$1,500
RENT COMPS ANALYSIS
  • 8928 Skyline Peak Court Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.70
    •  
  • 8977 Lily Touchstone Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2007
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.66
    •  
  • 8836 Whitewater Autumn Court Las Vegas, NV 3
    • 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
    •  
  • 8982 Lily Touchstone Court Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,205 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,205 Sqft ∙ Built 2007
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.68
    •  
  • 9053 Torino Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,019 Sqft ∙ Built 2007
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.74
    •  
PROPERTY LISTING DETAILS
Yida Li
1.725.266.0966
Jason's Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223520
Last Updated: 08/20/2020
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