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8987 Via Bonita Circle Las Vegas, NV 89147

4 Beds 4 Baths 2,547 sqft Built 1995

$530,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $208.09
  • 5 Days on Market
  • MLS # : 2263070
  • Updated Date : 01/21/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,547 sqft
  • Baths : 3 full , 1 half
Listing Agent

Signature Real Estate Group

Listing Agent's Description

This house has all the upgrades and is maintained immaculately! Must see with its own private gated electronic entry, 1 bedroom apartment (rented) in lieu of garage, 3 spacious bedrooms and and upstairs loft. The master bathroom is a must see spa like bathroom, with free standing tub and serene shower. The downstairs boasts an open floor plan with separate living / family room / dining room. The backyard is a must see, with oasis like pool / spa combo, covered patio, spacious side yards, turf grass and many more bells and whistles. This home has no HOA and is situated at the end of a cul de sac. Turn key with built in rental unit!

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: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $119k296k

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

Neighborhood: Spring Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10381606

* 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
Patricia A Bendorf. Elementary School Primary Regular 707 36 9
Lawrence Junior High School Middle Regular 1,421 61 NA
Spring Valley High School High Regular 1,925 79 4

Patricia A Bendorf. Elementary School

  • Education Level: Primary
  • # of students: 707
  • # of teachers: 36
9
GreatSchools Rating

Lawrence Junior High School

  • Education Level: Middle
  • # of students: 1,421
  • # of teachers: 61
NA
GreatSchools Rating

Spring Valley High School

  • Education Level: High
  • # of students: 1,925
  • # of teachers: 79
4
GreatSchools Rating
 

$477,000$583,000$530,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,841
Property Tax -$259
Property Insurance -$77
Property Management Fees -$119
CASH FLOW
-$206

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.

$530,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$18,659

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,528

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,090
1$2,0902$2,3003$2,3004$2,4005$2,595
$2,595
RENT COMPS ANALYSIS
  • 8987 Via Bonita Circle Las Vegas, NV 1
    • 4 beds 4 baths ∙ 2,547 Sqft ∙ Built 1995 4 beds 4 baths ∙ 2,547 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.82
    •  
  • 8864 Daneri Place Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1995
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
  • 8946 Goddess Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1994
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
  • 3769 Erva Street Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 1998
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.91
    •  
  • 3466 Artemis Street Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1994
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.10
    •  
PROPERTY LISTING DETAILS
Todd Beeten
1.702.236.5345
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263070
Last Updated: 01/21/2021
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