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9269 Las Haciendas Road Las Vegas, NV 89148

4 Beds 1 Baths 3,015 sqft Built 2016

$680,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $225.54
  • 5 Days on Market
  • MLS # : 2244732
  • Updated Date : 11/07/2020 at 11:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,015 sqft
  • Baths : 1 full
Listing Agent

Wardley Real Estate

Listing Agent's Description

Very charming and well maintained 4 bed/3 bath plus den home available on a quiet corner lot in SW Las Vegas. Excellent gated community, located near freeways, shopping, and restaurants. Must see interior is bright and inviting with a spacious open floor plan, perfect for gathering friends and family. High ceilings, tile flooring, and large windows allowing for soft natural light throughout. Stylish granite kitchen boasts a gas cooktop with hood, crisp white cabinetry, ss appliances, and an island with breakfast bar seating. Bedrooms are generously sized and the master includes a walk-in closet and a private ensuite with dual vanities and a separate soaking tub and shower. 3 car garage. Very secluded backyard oasis is complete with a covered patio and a sparkling pool This gem has it all. Schedule your showing today.

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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: Southern Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k329k

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

Neighborhood: Southern Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9691735

* 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
Kathy L. Batterman Elementary School Primary Regular 910 47 9
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Durango High School High Regular 2,302 95 5

Kathy L. Batterman Elementary School

  • Education Level: Primary
  • # of students: 910
  • # of teachers: 47
9
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$612,000$748,000$680,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$2,509
Property Tax -$473
Property Insurance -$86
Property Management Fees -$119
CASH FLOW
-$486

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.

$680,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.4%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,950

INVESTMENT

$185,950

Down Payment
$170,000
Rehab Estimate
$5,750
Closing Costs
$10,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $170,000
Loan Amount $510,000
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$13,263

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,930

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8953$2,0004$2,1005$2,700
$2,700
RENT COMPS ANALYSIS
  • 9269 Las Haciendas Road Las Vegas, NV 5
    • 4 beds 1 baths ∙ 3,015 Sqft ∙ Built 2016 4 beds 1 baths ∙ 3,015 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.90
    •  
  • 6095 Doroca Street Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,859 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,859 Sqft ∙ Built 2008
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.59
    •  
  • 9623 Post Road Las Vegas, NV 2
    • 5 beds 2 baths ∙ 3,010 Sqft ∙ Built 2003 5 beds 2 baths ∙ 3,010 Sqft ∙ Built 2003
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.63
    •  
  • 5427 Ordesa Valley Road Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,059 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,059 Sqft ∙ Built 2017
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.65
    •  
  • 9095 Cocowoods Place Las Vegas, NV 4
    • 5 beds 2 baths ∙ 3,057 Sqft ∙ Built 2017 5 beds 2 baths ∙ 3,057 Sqft ∙ Built 2017
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.69
    •  
PROPERTY LISTING DETAILS
Eleno G Gundayao
1.702.324.2487
Wardley Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244732
Last Updated: 11/07/2020
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