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9204 Amber Vista Drive Las Vegas, NV 89117

4 Beds 2 Baths 2,668 sqft Built 1994

$679,900

List Price

$2,600

$2.4K - $2.9K

Rent Est.

$185,924

Investment Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $254.84
  • 1 Days on Market
  • MLS # : 2314210
  • Updated Date : 07/13/2021 at 07:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,668 sqft
  • Baths : 2 full
Listing Agent

Assist-2-sell Flat Fee Realty

Listing Agent's Description

Absolutely Stunning single story home located on corner lot with pool in Peccole Ranch, Heritage Estates. Fantastic gourmet designed kitchen with breakfast bar, dining area, granite countertops, hand crafted Bosch stainless steel appliances, custom hardwood cabinets, and pantry. Home features include engineered Hickory solid wood flooring, 20 inch floor tiles, plantation shutters, two new HVAC 14 seer units installed 3 years ago, stone paver driveway, entry and fireplace have stack stone accents, one bedroom has Murphy bed/storage unit, ceiling fans throughout, custom designed front doors with side light accent glass. Backyard oasis has pool that has been replastered, new tiles, new cooling deck, covered patio and mature landscaping with upgraded artificial turf. Three car garage has storage and work bench. Sellers are they original owners. Stain glass above kitchen entry door does not stay

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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: Peccole Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Peccole Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
D'voree And Hall Ober Elementary School Primary Regular 669 39 8
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Bonanza High School High Regular 2,003 83 3

D'voree And Hall Ober Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 39
8
GreatSchools Rating

Walter Johnson Junior High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 50
NA
GreatSchools Rating

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

FINANCIALS

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$611,910$747,890$679,900

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,362
Property Tax -$405
Property Insurance -$79
HOA -$85
Property Management Fees -$119
CASH FLOW
-$449

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.

$679,900

PROJECTED PRICE

$2,600

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,924

INVESTMENT

$185,924

Down Payment		 $169,975
Rehab Estimate		 $5,750
Closing Costs		 $10,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,362

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $169,975
Loan Amount $509,925
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$11,617

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT

  • $0.97

    LIST RENT PER SQFT

  • $2,475

    COMP ESTIMATED VALUE

  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,4003$2,4504$2,6005$2,800
$2,800
RENT COMPS ANALYSIS
  • 9204 Amber Vista Drive Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,668 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,668 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
  • 9517 Scenic Sunset Drive Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1993
    property image
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.89
    •  
  • 1921 Tropical Breeze Drive Las Vegas, NV 2
    • 5 beds 3 baths ∙ 2,702 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,702 Sqft ∙ Built 1995
    property image
    LEASED 03/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
  • 9616 Spanish Steps Lane Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,863 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,863 Sqft ∙ Built 1994
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.86
    •  
  • 1505 Breeze Canyon Drive Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,622 Sqft ∙ Built 1994
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.07
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Laura Nelson
1.702.682.6476
Assist-2-sell Flat Fee Realty
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2314210
Last Updated: 07/13/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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