Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9127 Ivybridge Street Las Vegas, NV 89123

3 Beds 1 Baths 1,378 sqft Built 2002

INVESTimate

$303,900

List Price

$1,380

$1,242 - $1,518

Rent Est.

$334,746  ( +10.15%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $220.54
  • 10 Days on Market
  • MLS # : 2222827
  • Updated Date : 08/18/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,378 sqft
  • Baths : 1 full
Listing Agent

General Realty Group Inc

Listing Agent's Description

LOVELY SINGLE STORY HOME WITH NEW CARPET AND FRESHLY PAINTED, WITH BEAUTIFUL MATURE EASY LANDSCAPING FRONT AND BACKYARDS. ALL APPLIANCES ARE INCLUDED. MIRRORED CLOSET DOORS IN SPARE BEDROOMS. MASTER BEDROOM INCLUDES A WALK IN CLOSET. THIS ADORABLE HOME WOULD BE IDEAL FOR AN INVESTOR OR FIRST TIME HOME BUYER.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$273,510$334,290$303,900

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,121
Property Tax -$197
Property Insurance -$54
HOA -$45
Property Management Fees -$119
CASH FLOW
-$157

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.

$303,900

PROJECTED PRICE

$1,380

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.15%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,284

INVESTMENT

$86,284

Down Payment
$75,975
Rehab Estimate
$5,750
Closing Costs
$4,559

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,121

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,975
Loan Amount $227,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$10,240

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,406

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,3753$1,3804$1,4005$1,495
$1,495
RENT COMPS ANALYSIS
  • 9127 Ivybridge Street Las Vegas, NV 3
    • 3 beds 1 baths ∙ 1,378 Sqft ∙ Built 2002 3 beds 1 baths ∙ 1,378 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.00
    •  
  • 9145 Green Thicket Court Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,287 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,287 Sqft ∙ Built 1999
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.07
    •  
  • 380 Cascade Mist Avenue Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,337 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,337 Sqft ∙ Built 1999
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.03
    •  
  • 9112 Manalang Road Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 2002
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.02
    •  
  • 9252 Dover Landing Court #. Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 2005
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.96
    •  
PROPERTY LISTING DETAILS
Rita R Mccreery
1.702.604.4617
General Realty Group Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222827
Last Updated: 08/18/2020
BESbswy