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8935 Gagnier Boulevard Las Vegas, NV 89113

4 Beds 2 Baths 3,438 sqft Built 2012

INVESTimate

$799,000

List Price

$2,940

$2,690 - $3,190

Rent Est.

$877,222  ( +9.79%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $232.40
  • 7 Days on Market
  • MLS # : 2222715
  • Updated Date : 08/21/2020 at 14:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,438 sqft
  • Baths : 2 full
Listing Agent

Xpand Realty & Property Manage

Listing Agent's Description

Look No Further! Wow Found! Enjoy this beautiful SW Single Story Home located on a 17,424 sq ft corner lot! Offers 4 bed, 3 bath open floor-plan w/ 4 car drive through garage ($10k)! Original Owners! Features: gourmet kitchen w/ island, premium granite countertops, custom extended cabinets, tile back-splash, recessed / pendant lighting, water filtration, & stainless steel appliances. Additional upgrades: custom 20" diagonal tile floors ($25K), crown molding, wrought iron entry gate & side security door, shades ($7,800)(great room, kitchen, patio motorized), laundry room w/ sink, wet bar pre-plumb ($1,675), wifi equipped, 8 video cameras ($2,500) & doorbell, surround sound, alarm, covered patio epoxy garage floors ($1,500) w/ speakers. Over $100K in front / back yard: Michael Phelps Swim pool / spa ($35K+), 9' x 25' rock waterfall & pond, extended paver stone driveway and patio ($2K), built in gas / charcoal BBQ, shed, peach, plum, apricot, nectarine, orange trees & prof. landscape.

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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
Judi D. Steele Elementary School Primary Regular 858 43 8
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Sierra Vista High School High Regular 2,396 88 4

Judi D. Steele Elementary School

  • Education Level: Primary
  • # of students: 858
  • # of teachers: 43
8
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
 

$719,100$878,900$799,000

PURCHASE PRICE

$2,646$3,234$2,940

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,940
EXPENSES Loan Payment -$2,948
Property Tax -$512
Property Insurance -$94
HOA -$65
Property Management Fees -$119
CASH FLOW
-$798

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.

$799,000

PROJECTED PRICE

$2,940

PROJECTED RENT

0.37%

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$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,985

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,940

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,587

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,6003$2,8004$2,9405$3,100
$3,100
RENT COMPS ANALYSIS
  • 8935 Gagnier Boulevard Las Vegas, NV 4
    • 4 beds 2 baths ∙ 3,438 Sqft ∙ Built 2012 4 beds 2 baths ∙ 3,438 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,940
    • $0.86
    •  
  • 9516 Dawn Heights Court Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.66
    •  
  • 9545 Stonily Lane Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.72
    •  
  • 22 Sloping Green Drive Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,602 Sqft ∙ Built 2019 4 beds 3 baths ∙ 3,602 Sqft ∙ Built 2019
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.78
    •  
  • 7876 Sleeping Lily Drive Las Vegas, NV 5
    • 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2006
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.85
    •  
PROPERTY LISTING DETAILS
Randy K Hatada
1.702.289.1669
Xpand Realty & Property Manage
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222715
Last Updated: 08/21/2020
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