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9086 Hunting Arrow Street Las Vegas, NV 89123

6 Beds 2 Baths 3,274 sqft Built 2002

$475,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $145.08
  • 2 Days on Market
  • MLS # : 2257678
  • Updated Date : 12/26/2020 at 12:00
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,274 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Las Vegas

Listing Agent's Description

**FRESHLY PAINTED SIX BEDROOM STUNNER IN TERIFFIC AREA!!** This spacious home has 2 large bedrooms downstairs perfect for guestrooms or home-offices. Stainless Steel appliances all stay! Fresh paint and carpet throughout common areas. Extremely large 30ft kitchen features a 5 seat island with cabinetry, eating nook area & pantry. Solar panel system helps keep power bills low. Solar Screen covers on every window help keep house temperatures low and bills even lower! Primary bedroom has oversized walk-in closet, separate bath tub and shower, dual sinks and vaulted ceiling! Ceiling fans in every room. This home is a corner lot home with no direct neighbors to it's right. 3 car garage with water softener system and ample space to store things. Laundry room has wash sink and storage. Rear Yard contains a healthy grass lawn perfect for families or entertaining. Well manicured floral bushes and trees on lowmaintenance lanscaping timers surround the perimeter of the home and front yard!

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: 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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,753
Property Tax -$307
Property Insurance -$91
Property Management Fees -$119
CASH FLOW
-$109

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.

$475,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.45%

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$1.8M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$26,838

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,235

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1503$2,1604$2,1955$2,300
$2,300
RENT COMPS ANALYSIS
  • 9086 Hunting Arrow Street Las Vegas, NV 3
    • 6 beds 2 baths ∙ 3,274 Sqft ∙ Built 2002 6 beds 2 baths ∙ 3,274 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.66
    •  
  • 8791 Quintane Lane Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,032 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,032 Sqft ∙ Built 1997
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.66
    •  
  • 1485 Falling Snow Avenue Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,982 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,982 Sqft ∙ Built 2000
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.72
    •  
  • 9800 Ramhorn Canyon Street Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,247 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,247 Sqft ∙ Built 1999
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.68
    •  
  • 9040 Shear Cliffs Court Las Vegas, NV 5
    • 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
    •  
PROPERTY LISTING DETAILS
Kyle C Simmons
1.702.239.7509
Keller Williams Realty Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257678
Last Updated: 12/26/2020
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