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9105 Iron Cactus Avenue Las Vegas, NV 89148

5 Beds 3 Baths 3,140 sqft Built 2007

$401,799

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 08, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $127.96
  • 7 Days on Market
  • MLS # : 2254156
  • Updated Date : 12/08/2020 at 00:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,140 sqft
  • Baths : 3 full
Listing Agent

Re/max Central

Listing Agent's Description

WHAT A BEAUTY! Situated in lovely southwest Las Vegas this grand 3-Story home with over 3,100 Sq ft, 5 Bedrooms, 4 bathroom, 2 lofts and more. Adjacent to the living room sits the sizable family room with custom gas fireplace. The eat-in kitchen is adorned with stainless-steel appliances, lots of countertop space, and tons of storage. Large owner’s suite with ensuite bath featuring premium flooring, deep soaking tub, separate shower, dual sinks, and a large walk-in closet. The low maintenance yard features wood-look stamped concrete patio, low-maintenance artificial turf and river rock is ready for your enjoyment. Other elegant upgrades throughout makes this home a MUST SEE. DON'T MISS OUT!

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: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Don And Dee Snyder Elementary School Primary Unknown NA
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Sierra Vista High School High Regular 2,396 88 4

Don And Dee Snyder Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Sierra Vista High School

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

$361,619$441,979$401,799

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,482
Property Tax -$306
Property Insurance -$88
Property Management Fees -$119
CASH FLOW
-$105

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.

$401,799

PROJECTED PRICE

$1,890

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$112,227

INVESTMENT

$112,227

Down Payment
$100,450
Rehab Estimate
$5,750
Closing Costs
$6,027

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,482

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,450
Loan Amount $301,349
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$21,624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $2,072

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,8903$2,0504$2,1505$2,235
$2,235
RENT COMPS ANALYSIS
  • 9105 Iron Cactus Avenue Las Vegas, NV 2
    • 5 beds 3 baths ∙ 3,140 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,140 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.60
    •  
  • 9127 Cedar Door Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,140 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,140 Sqft ∙ Built 2007
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.57
    •  
  • 9119 Torino Avenue Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,140 Sqft ∙ Built 2008 5 beds 3 baths ∙ 3,140 Sqft ∙ Built 2008
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.65
    •  
  • 8921 Bonneville Peak Court #0 Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,140 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,140 Sqft ∙ Built 2006
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.68
    •  
  • 174 White Mule Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,015 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,015 Sqft ∙ Built 2014
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,235
    • $0.74
    •  
PROPERTY LISTING DETAILS
Lejon Jenkins
1.702.843.4760
Re/max Central
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2254156
Last Updated: 12/08/2020
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