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9046 Field Maple Street Las Vegas, NV 89178

4 Beds 2 Baths 2,453 sqft Built 2020

$485,990

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $198.12
  • 7 Days on Market
  • MLS # : 2250282
  • Updated Date : 11/23/2020 at 18:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,453 sqft
  • Baths : 1 full , 1 half
Listing Agent

New Home Resource

Listing Agent's Description

Model for sale! A rare opportunity to own a beautifully upgraded and professionally decorated model. This popular Saffron model is perfect for buyers who demand quality and value. This open floorplan features downstairs owner's suite, a gathering room that connects to the café (nook) and kitchen with an island. The kitchen features stainless steel appliances with a refrigerator, cooktop, built-in microwave/oven and dishwasher. The upstairs laundry room is equipped with Whirlpool top-load washer and dryer. All attached light fixtures and ceiling fans will come with the model purchase. Large Covered Patio and fully landscaped backyard are perfect for outdoor gatherings. Industry-leading Pulte Home quality with blown-in insulation for superb energy efficiency. Home comes with a builder warranty for peace of mind. Ready for February 2021 occupancy.

SEE MORE

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

Zip Code: 89178

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Zip Code: 89178

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10291875

* 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
Robert L. Forbuss Elementary School Primary Regular 1,163 56 7
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Robert L. Forbuss Elementary School

  • Education Level: Primary
  • # of students: 1,163
  • # of teachers: 56
7
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$437,391$534,589$485,990

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,793
Property Tax -$312
Property Insurance -$75
Property Management Fees -$119
CASH FLOW
-$439

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.

$485,990

PROJECTED PRICE

$1,860

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 3.00%
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-$5.0k$0.0$5.0k$10k$15k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,787

INVESTMENT

$130,787

Down Payment
$121,498
Rehab Estimate
$2,000
Closing Costs
$7,290

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,498
Loan Amount $364,493
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,876

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,870

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,711
1$1,7112$1,7953$1,8604$1,9005$1,900
$1,900
RENT COMPS ANALYSIS
  • 9046 Field Maple Street Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,453 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,453 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.76
    •  
  • 9465 Alma Ridge Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 2012
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,711
    • $0.70
    •  
  • 968 Hidden Bull Street #0 Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,436 Sqft ∙ Built 2014
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.74
    •  
  • 9855 Oleta Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,299 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,299 Sqft ∙ Built 2019
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.83
    •  
  • 642 Crying Bird Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,431 Sqft ∙ Built 2015
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
PROPERTY LISTING DETAILS
Joanna Piette
1.702.365.1000
New Home Resource
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250282
Last Updated: 11/23/2020
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