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8941 Pebble River Court Las Vegas, NV 89123

4 Beds 2 Baths 2,437 sqft Built 1997

$399,900

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $164.10
  • 6 Days on Market
  • MLS # : 2243068
  • Updated Date : 10/29/2020 at 14:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,437 sqft
  • Baths : 2 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

This home has it all! Silverado Ranch Location? Yes! Corner lot? Yes!, Master Bedroom Down?? Yes! NO HOA?, None!, RV Parking possible? Of course!, Cul-de-sac location? You know it! Covered Patio? Yes! New Carpet, Paint, Vaulted ceilings, quartz counters, Stainless appliances????...YES YES YES AND SO MUCH MORE!!! Remarkable home with 4 bedrooms, Loft area with the potential to be a 5th bedroom, 3 car garage, well maintained and cared for. Primary bedroom which is downstairs, has slider out to the covered patio, dual closets, Roman tub and shower. The other bedrooms upstairs are generous in size and lead to an oversized loft. Ceiling height is soaring, which makes this home feel even larger! The kitchen is modern complete w/ stainless appliances, quartz counters, Island with under-mount sink, recessed lighting, dining nook and backsplash. No shortage of cabinet space and no shortage of natural light! Laundry complete with utility sink. NO DISAPPOINTMENTS HERE!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
John R. Beatty Elementary School Primary Regular 601 29 8
Jack L. Schofield Middle School Middle Regular 1,332 51 NA
Liberty High School High Regular 2,496 105 5

John R. Beatty Elementary School

  • Education Level: Primary
  • # of students: 601
  • # of teachers: 29
8
GreatSchools Rating

Jack L. Schofield Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 51
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,475
Property Tax -$249
Property Insurance -$74
Property Management Fees -$119
CASH FLOW
$92

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.

$399,900

PROJECTED PRICE

$2,010

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$42,494

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,108

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9503$2,0104$2,1005$2,295
$2,295
RENT COMPS ANALYSIS
  • 8941 Pebble River Court Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,437 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,437 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.82
    •  
  • 9140 Manalang Las Vegas, NV 1
    • 3 beds 2 baths ∙ 2,436 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,436 Sqft ∙ Built 2002
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.78
    •  
  • 9139 Marlia Street Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,303 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,303 Sqft ∙ Built 2003
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
  • 8962 Haviland Road Las Vegas, NV 4
    • 5 beds 3 baths ∙ 2,414 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,414 Sqft ∙ Built 1999
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 159 Skipping Stone Lane Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1997
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.96
    •  
PROPERTY LISTING DETAILS
Mark M Minelli
1.702.683.2450
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243068
Last Updated: 10/29/2020
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