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8929 Amy Olivia Avenue Las Vegas, NV 89149

3 Beds 4 Baths 1,670 sqft Built 2010

$279,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $167.60
  • 5 Days on Market
  • MLS # : 2254651
  • Updated Date : 12/12/2020 at 16:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,670 sqft
  • Baths : 3 full , 1 half
Listing Agent

Century 21 Consolidated

Listing Agent's Description

GORGEOUS 3 STORY HOME IN THE DESIRED NW AREA. PLENTY OF UPGRADES, WOOD TYPE FLOORS,STAINLESS STEEL APPLIANCES,WATER SOFTENER,GRANITE COUNTERTOPS,NEW CARPET, VERY NICE TILE FLOORS,NEW AC UNIT, ALL REMOLDED VERY NICE LIKE A NEW HOME, LOCATED ON A CUL -DE-SAC (CORNER LOT).MOVE IN READY! LIKE NEW CONDITION.AWESOME LOCATION!, BUYER AND BUYER AGENT TO VERIFY ALL INFO.PLEASE USE OLD REPUBLIC TITLE DAVID CASTILLO.

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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: 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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,033
Property Tax -$240
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$21

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.

$279,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.51%

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$19,832

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,420

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,3953$1,4004$1,4305$1,475
$1,475
RENT COMPS ANALYSIS
  • 8929 Amy Olivia Avenue Las Vegas, NV 4
    • 3 beds 4 baths ∙ 1,670 Sqft ∙ Built 2010 3 beds 4 baths ∙ 1,670 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.86
    •  
  • 8921 Emma Clare Court #0 Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 2010
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
  • 8920 James Carl Court #- Las Vegas, NV 2
    • 3 beds 4 baths ∙ 1,670 Sqft ∙ Built 2006 3 beds 4 baths ∙ 1,670 Sqft ∙ Built 2006
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
  • 8925 Jaquita Avenue Las Vegas, NV 3
    • 3 beds 4 baths ∙ 1,670 Sqft ∙ Built 2006 3 beds 4 baths ∙ 1,670 Sqft ∙ Built 2006
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.84
    •  
  • 8956 West Dorrell Lane #0 Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 2010
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.88
    •  
PROPERTY LISTING DETAILS
Gabriel Nevarez
1.702.498.3293
Century 21 Consolidated
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2254651
Last Updated: 12/12/2020
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