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9032 Retro Court Las Vegas, NV 89149

4 Beds 3 Baths 2,484 sqft Built 2006

INVESTimate

$325,000

List Price

$1,630

$1,467 - $1,793

Rent Est.

$358,540  ( +10.32%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $130.84
  • 7 Days on Market
  • MLS # : 2223207
  • Updated Date : 08/24/2020 at 13:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,484 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Beautiful 4 bedroom home located in the Northwest subdivision of Tapestry with easy access to shopping, restaurants, highways. This gorgeous home has a den down stairs & a cozy loft area upstairs. Huge master bedroom with separate sitting area , outside patio, warm & inviting two way fireplaces & large & luxurious bathroom boosting separate shower & large tub. The kitchen has granite counter tops & large Island plus plenty of kitchen cabinets. Blinds on all windows. The community has swimming pools park & play areas for kids & families. Walking trails leading to nearby schools & shopping centers. This home could be sold with all the existing furniture and make a possibly great investment property. Call your agent today for a private showing.

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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: 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
Sandra L. Thompson Elementary School Primary Regular 798 39 8
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Arbor View High School High Regular 2,878 116 9

Sandra L. Thompson Elementary School

  • Education Level: Primary
  • # of students: 798
  • # of teachers: 39
8
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Arbor View High School

  • Education Level: High
  • # of students: 2,878
  • # of teachers: 116
9
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,199
Property Tax -$293
Property Insurance -$75
HOA -$77
Property Management Fees -$119
CASH FLOW
-$134

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.

$325,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.32%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,476

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $1,652

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6003$1,6304$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 9032 Retro Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.66
    •  
  • 9033 Attractive Court #0 Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 2006
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.60
    •  
  • 8939 Snowtrack Avenue Las Vegas, NV 2
    • 5 beds 2 baths ∙ 2,419 Sqft ∙ Built 2005 5 beds 2 baths ∙ 2,419 Sqft ∙ Built 2005
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.66
    •  
  • 8952 Snowtrack Avenue Las Vegas, NV 4
    • 5 beds 3 baths ∙ 2,419 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,419 Sqft ∙ Built 2005
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.70
    •  
  • 9056 Rich Amethyst Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 2007
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.70
    •  
PROPERTY LISTING DETAILS
Charles W Hall
1.702.419.2728
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223207
Last Updated: 08/24/2020
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