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9213 White Tail Drive Las Vegas, NV 89134

5 Beds 6 Baths 4,853 sqft Built 1995

$1,795,000

List Price

$5,690

$5.4K - $5.9K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $369.87
  • 5 Days on Market
  • MLS # : 2266412
  • Updated Date : 02/03/2021 at 22:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,853 sqft
  • Baths : 5 full , 1 half
Listing Agent

Huntington & Ellis, A Real Est

Listing Agent's Description

Absolutely Stunning 5-bedroom, 5.5-bath home situated in Summerlin's renowned Eagle Hills Community with curb appeal awaits you! Dramatic 2-story home with downstairs master & dual upstairs master, and en-suites for all bedrooms. Master bath includes ‘his & hers’ sinks, a dual-shower head frameless glass shower & freestanding bathtub. Open & airy floor plan, warmed by red oak real wood floors & high quality finishes throughout. Catwalks stand out above a magnificent staircase. Chef's Kitchen finished with with granite, stainless steel appliances, with an adjoining casual dining area. Recent Remodel,this home includes custom window treatments, plantation shutters, and RTI Smart Home automation. A range of wonderful entertaining spaces within 4853 sq.ft. include formal dining room, fireplace, media room, sparkling pool with mature landscaping & Outdoor Kitchen. Superb front entrance on an interior lot backing a lush greenbelt, this is a 'talk of the block' home! 5 bedroom + Media Room!

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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: The Hills South

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000k1100kPrice in $119k1126k

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

Neighborhood: The Hills South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q215002000250030003500400045005000Rent in $10765266

* 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
 

$1,615,500$1,974,500$1,795,000

PURCHASE PRICE

$5,121$6,259$5,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,690
EXPENSES Loan Payment -$6,235
Property Tax -$960
Property Insurance -$121
Property Management Fees -$119
CASH FLOW
-$1,745

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.

$1,795,000

PROJECTED PRICE

$5,690

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 5.0%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$481,425

INVESTMENT

$481,425

Down Payment
$448,750
Rehab Estimate
$5,750
Closing Costs
$26,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$6,235

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $448,750
Loan Amount $1,346,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$9,925

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $5,690

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $5,565

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$4,300
1$4,3002$5,6903$6,0004$6,500
$6,500
RENT COMPS ANALYSIS
  • 9213 White Tail Drive Las Vegas, NV 2
    • 5 beds 6 baths ∙ 4,853 Sqft ∙ Built 1995 5 beds 6 baths ∙ 4,853 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $5,690
    • $1.17
    •  
  • 300 Windfair Court Las Vegas, NV 1
    • 4 beds 5 baths ∙ 4,693 Sqft ∙ Built 2000 4 beds 5 baths ∙ 4,693 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $0.92
    •  
  • 9201 White Tail Drive Las Vegas, NV 3
    • 4 beds 5 baths ∙ 5,057 Sqft ∙ Built 1996 4 beds 5 baths ∙ 5,057 Sqft ∙ Built 1996
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $6,000
    • $1.19
    •  
  • 9609 Verlaine Court Las Vegas, NV 4
    • 4 beds 5 baths ∙ 4,892 Sqft ∙ Built 2002 4 beds 5 baths ∙ 4,892 Sqft ∙ Built 2002
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.33
    •  
PROPERTY LISTING DETAILS
Craig Tann
1.702.521.4358
Huntington & Ellis, A Real Est
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2266412
Last Updated: 02/03/2021
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