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

9212 Cactus Wood Drive Las Vegas, NV 89134

2 Beds 2 Baths 1,188 sqft Built 1991

$299,900

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $252.44
  • 4 Days on Market
  • MLS # : 2254930
  • Updated Date : 12/12/2020 at 02:00
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,188 sqft
  • Baths : 2 full
Listing Agent

Home Realty Center

Listing Agent's Description

Highly desirable Expanded Weston model 2 bedroom 2 bath model in Sun City Summerlin. South facing front porch welcomes you into the bright and airy home with neutral colors throughout. Features ceiling fans in most rooms, and the laundry machines moved to garage which opens up the kitchen to include a eat-in nook. The expansion can be used as a den, office, family room, craft room or ???. Easy care desert landscape with nice back patio. Sun City Summerlin is Premier 55+ community with 3 Golf Courses, and many amenities including 4 indoor/outdoor pools, work out facility, tennis and pickle ball courts, social clubs and activities galore! Nearby Downtown Summerlin with dining, shopping and a recently built triple A ballpark, Golden Knights practice arena and MORE!

SEE MORE

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: Sun City Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k328k

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

Neighborhood: Sun City Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100115012001250130013501400145015001550160016501700Rent in $10671706

* 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
William Lummis Elementary School Primary Regular 555 27 7
Ernest Becker Middle School Middle Regular 1,392 56 NA
Palo Verde High School High Regular 3,024 114 9

William Lummis Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 27
7
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,107
Property Tax -$187
Property Insurance -$50
Property Management Fees -$119
CASH FLOW
$28

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.

$299,900

PROJECTED PRICE

$1,490

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.1%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$26,810

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $1,280

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3453$1,4454$1,4905$1,525
$1,525
RENT COMPS ANALYSIS
  • 9212 Cactus Wood Drive Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,188 Sqft ∙ Built 1991 2 beds 2 baths ∙ 1,188 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.25
    •  
  • 2852 Bluff Point Drive Las Vegas, NV 1
    • 2 beds 1 baths ∙ 1,188 Sqft ∙ Built 1991 2 beds 1 baths ∙ 1,188 Sqft ∙ Built 1991
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.09
    •  
  • 9512 City Hill Court Las Vegas, NV 2
    • 2 beds 1 baths ∙ 1,250 Sqft ∙ Built 1999 2 beds 1 baths ∙ 1,250 Sqft ∙ Built 1999
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $1.08
    •  
  • 9517 Ruby Hills Drive Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,384 Sqft ∙ Built 1990 2 beds 2 baths ∙ 1,384 Sqft ∙ Built 1990
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $1.04
    •  
  • 9605 Pikedale Drive Las Vegas, NV 5
    • 2 beds 1 baths ∙ 1,384 Sqft ∙ Built 1992 2 beds 1 baths ∙ 1,384 Sqft ∙ Built 1992
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.10
    •  
PROPERTY LISTING DETAILS
Michael E Delgais
1.702.252.7400
Home Realty Center
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2254930
Last Updated: 12/12/2020
BESbswy