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9061 Heavenly Valley Avenue Las Vegas, NV 89147

5 Beds 5 Baths 4,001 sqft Built 1998

$669,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $167.21
  • 4 Days on Market
  • MLS # : 2249573
  • Updated Date : 11/21/2020 at 11:18
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,001 sqft
  • Baths : 4 full , 1 half
Listing Agent

Ahp Realty Llc

Listing Agent's Description

Buy Me and have an elegant new life ! Built incl. covered patio, pool/spa & landscaping. All rooms are gigantic, all bedrooms have own baths, all with ceiling fans, cable and phone. Spotlessly clean. Backyard is a gigantic paradise of palms, bushes, waterfalls and in pool bar stools. Upstairs family/play room.

SEE MORE

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: 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
 

$602,100$735,900$669,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$2,468
Property Tax -$402
Property Insurance -$105
Property Management Fees -$119
CASH FLOW
-$364

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.

$669,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.41%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$183,035

INVESTMENT

$183,035

Down Payment
$167,250
Rehab Estimate
$5,750
Closing Costs
$10,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,468

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $167,250
Loan Amount $501,750
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$21,022

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,871

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,6003$2,7304$2,8505$2,900
$2,900
RENT COMPS ANALYSIS
  • 9061 Heavenly Valley Avenue Las Vegas, NV 3
    • 5 beds 5 baths ∙ 4,001 Sqft ∙ Built 1998 5 beds 5 baths ∙ 4,001 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $0.68
    •  
  • 4882 Stavanger Lane Las Vegas, NV 1
    • 4 beds 4 baths ∙ 3,668 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,668 Sqft ∙ Built 1997
    property image
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.65
    •  
  • 4700 Laguna Vista Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,668 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,668 Sqft ∙ Built 1996
    property image
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.71
    •  
  • 9522 Gainey Ranch Avenue #. Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,758 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,758 Sqft ∙ Built 1998
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.76
    •  
  • 5512 Oakview Falls Court Las Vegas, NV 5
    • 5 beds 4 baths ∙ 3,862 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,862 Sqft ∙ Built 2002
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.75
    •  
PROPERTY LISTING DETAILS
Jen P Wang
1.702.496.4678
Ahp Realty Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249573
Last Updated: 11/21/2020
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