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9168 Sparklewood Court 
Las Vegas, NV
89129
3 Beds 2 Baths 1,254 sqft
Built 1995
INVESTimate
$279,900
List Price
$79,924
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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $223.21
- 2 Days on Market
- MLS # : 2224779
- Updated Date : 08/25/2020 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,254 sqft
- Baths : 2 full
Listing Agent
Heidel Realty
Listing Agent's Description
This wonderful three bedroom single story home is located in the northwest, sits on a nice cul-de-sac lot, and boasts energy-efficient solar panels! Features include vaulted ceilings, neutral 2-tone paint, laminate wood-look flooring, open kitchen with breakfast bar and pantry, laundry room with cabinets, 2-car garage, walk-in closet in the master bedroom, double sinks in the master bath, and much more! The fantastic backyard has a sparkling pool, low-maintenance desert landscaping, and a covered patio. Come view this amazing property today!
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Lone Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lone Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$189 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$8
|
||
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.
$279,900
PROJECTED PRICE
$1,400
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.31% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,924
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
6.17
YEARS SAVED
$22,953
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$1,147
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
9168 Sparklewood Court Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,400
- $1.12
-
3452 Creek River Drive Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,437 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,437 Sqft ∙ Built 1994
LEASED 10/15/19- Rent
- Rent Per SQFT
- $1,295
- $0.90
-
9177 Bucksprings Drive Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,459 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,459 Sqft ∙ Built 1995
LEASED 10/25/19- Rent
- Rent Per SQFT
- $1,350
- $0.93
-
3483 Bankside Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 1993
LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,350
- $0.90
-
3468 Martin Hall Drive #n/a Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,508 Sqft ∙ Built 1995
LEASED 05/24/20- Rent
- Rent Per SQFT
- $1,400
- $0.93
PROPERTY LISTING DETAILS
1.702.820.2200
Heidel Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224779
Last Updated: 08/25/2020
