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9116 Beacon Cove Court Las Vegas, NV 89117

4 Beds 3 Baths 3,091 sqft Built 1986

$539,900

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $174.67
  • 14 Days on Market
  • MLS # : 2247181
  • Updated Date : 11/20/2020 at 16:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,091 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Market Place I

Listing Agent's Description

Over 1/4 acre former model home in The Lakes! Luxurious updated home with custom onyx countertops in kitchen, wet bar, & bathrooms complete with under-counter, multi LED lighting that will blow your mind when the countertops glow. Retreat to the downstairs master ensuite with top tier tile in the shower, a double slipper freestanding tub, and new floors. Enjoy breakfast on your exclusive private patio off the master bathroom, which also boasts an outdoor shower. Fresh paint throughout the interior of the house. Stainless appliances. Travertine. Finished garage with an office and storage area- can be converted back. Private oasis backyard features 5 patios, a bocce ball/horseshoe pit, mature landscaping, a beautiful freeform pool & spa, & turf. New laundry sink in laundry room, newer main water line to house, new water softener, central vac system, 2 a/c units, granite, & paid off solar for pool/spa. Easy access to Downtown Summerlin, Aviators Stadium, & Golden Knights practice rinks.

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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: West Sahara

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k308k

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

Neighborhood: West Sahara

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10621618

* 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
M.j. Christensen Elementary School Primary Regular 615 34 6
Lawrence Junior High School Middle Regular 1,421 61 NA
Spring Valley High School High Regular 1,925 79 4

M.j. Christensen Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 34
6
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
 

$485,910$593,890$539,900

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,992
Property Tax -$281
Property Insurance -$87
Property Management Fees -$119
CASH FLOW
-$149

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.

$539,900

PROJECTED PRICE

$2,330

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.0%
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-$5.0k$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,824

INVESTMENT

$148,824

Down Payment
$134,975
Rehab Estimate
$5,750
Closing Costs
$8,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,975
Loan Amount $404,925
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$29,133

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,349

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3003$2,3304$2,3505$2,395
$2,395
RENT COMPS ANALYSIS
  • 9116 Beacon Cove Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,091 Sqft ∙ Built 1986 4 beds 3 baths ∙ 3,091 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.75
    •  
  • 2816 Quail Lakes Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 3,031 Sqft ∙ Built 1987 3 beds 3 baths ∙ 3,031 Sqft ∙ Built 1987
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.76
    •  
  • 2204 Loggerhead Las Vegas, NV 2
    • 4 beds 4 baths ∙ 3,107 Sqft ∙ Built 1991 4 beds 4 baths ∙ 3,107 Sqft ∙ Built 1991
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.74
    •  
  • 2732 Tidewater Court Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,107 Sqft ∙ Built 1988 5 beds 3 baths ∙ 3,107 Sqft ∙ Built 1988
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.76
    •  
  • 2013 Loggerhead Road Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,078 Sqft ∙ Built 1990 5 beds 3 baths ∙ 3,078 Sqft ∙ Built 1990
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.78
    •  
PROPERTY LISTING DETAILS
Leah Forsythe
1.702.596.7147
Keller Williams Market Place I
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2247181
Last Updated: 11/20/2020
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