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9249 Worsley Park Place Las Vegas, NV 89145

3 Beds 3 Baths 2,535 sqft Built 2006

$479,900

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $189.31
  • 18 Days on Market
  • MLS # : 2275930
  • Updated Date : 03/19/2021 at 23:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,535 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Southwe

Listing Agent's Description

Upgraded luxury! You have arrived. Amazingly 3 bedroom plus loft home located in the heart of it all, minutes from Tivoli Village, Boca Park and shopping. This stunning home begins at the elegant double door entryway with foyer, amazing formal dining room, great room. A true entertainer’s kitchen with stainless steel appliances, granite counter tops, plantation shutters and custom cabinets. Light the fire and enjoy a luxurious dining experience in your formal dining room, shift to the great room to relax and unwind with this double sided fireplace! Enjoy the comfort of your expansive backyard with no neighbor next door with room entertain. Upstairs hosts three bedrooms with a loft perfect for working at home, could be used as a game room. The master bedroom has tall ceilings, a jetted tub with fireplace and a balcony to soak in the beauty of the mountains. This is an extraordinary example of a beautiful home with community amenities of a park, pool and in a prime location. A must see!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Queensridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $119k742k

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

Neighborhood: Queensridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10763408

* 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
John W. Bonner Elementary School Primary Regular 859 47 10
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

John W. Bonner Elementary School

  • Education Level: Primary
  • # of students: 859
  • # of teachers: 47
10
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

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

$431,910$527,890$479,900

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,667
Property Tax -$336
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$148

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.

$479,900

PROJECTED PRICE

$2,050

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) -8.9%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$19,245

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,053

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,0504$2,0505$2,150
$2,150
RENT COMPS ANALYSIS
  • 9249 Worsley Park Place Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.81
    •  
  • 9236 Worsley Park Place Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2005
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 9240 Whitekirk Place Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2006
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 9228 Whitekirk Place Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2006
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.81
    •  
  • 327 Hollins Hall Street Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2008
    property image
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.85
    •  
PROPERTY LISTING DETAILS
Damon O Barber
1.909.322.1558
Keller Williams Realty Southwe
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2275930
Last Updated: 03/19/2021
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