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911 Whispering Grove Avenue Las Vegas, NV 89123

2 Beds 2 Baths 936 sqft Built 1998

$245,000

List Price

$1,180

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $261.75
  • 3 Days on Market
  • MLS # : 2248233
  • Updated Date : 11/14/2020 at 13:26
CONSTRUCTION
  • Beds : 2
  • Floor Size : 936 sqft
  • Baths : 2 full
Listing Agent

Blue Diamond Realty Llc

Listing Agent's Description

Charming 2 bedroom 2 bath single-story home with 2 car garage in a gated community with pool, park and BBQ area. Featuring woodlike flooring thought, granite countertops in kitchen with stainless steel appliances.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Silverado High School High Regular 2,263 94 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

Silverado High School

  • Education Level: High
  • # of students: 2,263
  • # of teachers: 94
5
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,062$1,298$1,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,180
EXPENSES Loan Payment -$904
Property Tax -$142
Property Insurance -$45
Property Management Fees -$119
CASH FLOW
-$30

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.

$245,000

PROJECTED PRICE

$1,180

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$16,918

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,180

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,177

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$1,180
1$1,1802$1,2503$1,3504$1,4005$1,420
$1,420
RENT COMPS ANALYSIS
  • 911 Whispering Grove Avenue Las Vegas, NV 1
    • 2 beds 2 baths ∙ 936 Sqft ∙ Built 1998 2 beds 2 baths ∙ 936 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,180
    • $1.26
    •  
  • 8611 Manalang Road Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1990 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1990
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.19
    •  
  • 922 Nellie Jo Drive Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,088 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,088 Sqft ∙ Built 1993
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.24
    •  
  • 8409 Yamhill Street Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,088 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,088 Sqft ∙ Built 1994
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.29
    •  
  • 8459 Lodge Haven Street Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,088 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,088 Sqft ∙ Built 1994
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.31
    •  
PROPERTY LISTING DETAILS
Reyna Cruz
1.702.354.7828
Blue Diamond Realty Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248233
Last Updated: 11/14/2020
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