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92 Laying Up Court Las Vegas, NV 89148

4 Beds 3 Baths 2,891 sqft Built 2006

$499,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $172.60
  • 5 Days on Market
  • MLS # : 2266406
  • Updated Date : 02/06/2021 at 21:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,891 sqft
  • Baths : 3 full
Listing Agent

Resolution Realty

Listing Agent's Description

Rhodes Ranch guard gated community with amazing resort style amenities (water park/pool, indoor racquetball courts, exercise facilities, clubhouse and much more). This two story cul-de-sac home features a huge bedroom suite upstairs with en-suite and huge walk in closet. Separate tub and shower, dual sinks and separate room for the toilet. Primary bedroom has a sliding door to the balcony where you can enjoy morning coffee or evening cocktail. Bedroom downstairs is next to a full bath. Huge loft upstairs with two additional bedrooms to share the bathroom between the rooms. All rooms have ceiling fans, this home is really in great shape with new paint throughout. Check out the community features. Take a drive by the clubhouse and neighborhood to preview the indoor and outdoor amenities offered.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 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

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

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

$449,100$548,900$499,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,733
Property Tax -$317
Property Insurance -$83
Property Management Fees -$119
CASH FLOW
$27

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.

$499,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
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$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$34,624

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,291

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,2804$2,3955$2,395
$2,395
RENT COMPS ANALYSIS
  • 92 Laying Up Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $0.79
    •  
  • 494 First On Drive Las Vegas, NV 1
    • 4 beds 4 baths ∙ 2,781 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,781 Sqft ∙ Built 2005
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.76
    •  
  • 424 First On Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 2005
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.76
    •  
  • 105 Tall Ruff Drive Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2005
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.79
    •  
  • 79 Laying Up Court Las Vegas, NV 5
    • 4 beds 4 baths ∙ 2,781 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,781 Sqft ∙ Built 2006
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.86
    •  
PROPERTY LISTING DETAILS
Dale L Haldeman
1.702.868.3253
Resolution Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2266406
Last Updated: 02/06/2021
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