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9055 Danesbury Court Las Vegas, NV 89123

4 Beds 2 Baths 3,274 sqft Built 2001

$398,950

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $121.85
  • 4 Days on Market
  • MLS # : 2249482
  • Updated Date : 11/21/2020 at 08:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,274 sqft
  • Baths : 2 full
Listing Agent

Whn Realty

Listing Agent's Description

A RARE FIND!!! THIS HOME BOASTS AN OPEN AND ENTERTAINING FLOOR PLAN, 4 BEDROOMS, 3 BATHROOMS, UPSTAIRS LOFT AREA AND OFFICE AREA, DOWNSTAIRS BED AND BATH, SEPARATE DINING, LAMINATE WOOD FLOORING, GRANITE COUNTERS, 3 CAR GARAGE AND SOLAR PANELS!!! THE MASTER BEDROOM IS OVERSIZED WITH WALK-IN CLOSET AND SEPARATE BATHROOM. THE BACKYARD IS AN ENTERTAINERS OASIS WITH COVERED PATIO. THIS IS A GREAT PLACE TO CALL HOME!!!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k305k

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

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
 

$359,055$438,845$398,950

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,472
Property Tax -$302
Property Insurance -$91
Property Management Fees -$119
CASH FLOW
$236

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.

$398,950

PROJECTED PRICE

$2,220

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
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$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$111,472

INVESTMENT

$111,472

Down Payment
$99,738
Rehab Estimate
$5,750
Closing Costs
$5,984

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,738
Loan Amount $299,213
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$56,911

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,513

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,220
1$2,2202$2,3003$2,3004$2,4955$3,050
$3,050
RENT COMPS ANALYSIS
  • 9055 Danesbury Court Las Vegas, NV 1
    • 4 beds 2 baths ∙ 3,274 Sqft ∙ Built 2001 4 beds 2 baths ∙ 3,274 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.68
    •  
  • 9040 Shear Cliffs Court Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,437 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,437 Sqft ∙ Built 1998
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.67
    •  
  • 319 Ravensmere Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,274 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,274 Sqft ∙ Built 2002
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.70
    •  
  • 9945 Gold Thorn Street Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,036 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,036 Sqft ∙ Built 2001
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.82
    •  
  • 296 Great Duke Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,459 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,459 Sqft ∙ Built 1999
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.88
    •  
PROPERTY LISTING DETAILS
Mark Hostetler
1.702.914.0925
Whn Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249482
Last Updated: 11/21/2020
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