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9300 Provence Garden Lane Las Vegas, NV 89145

4 Beds 4 Baths 4,645 sqft Built 1999

$999,900

List Price

$4,510

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $215.26
  • 3 Days on Market
  • MLS # : 2261831
  • Updated Date : 01/15/2021 at 23:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,645 sqft
  • Baths : 3 full , 1 half
Listing Agent

The Tom Love Group Llc

Listing Agent's Description

Beautiful Christopher Homes estate immaculate inside and out, showing original owner pride. Highly upgraded featuring double door entry to the dramatic formal living room accented by floor to ceiling windows and fireplace. The elegant formal dining room is perfect for entertaining. Chefs delight kitchen offers custom cabinets, designer appliances, and granite counters. A spacious nook, breakfast bar, and island complete this great kitchen. The family room has custom built-ins, a dry bar, and a fireplace with stone accents. Upstairs features 2 en-suite bedrooms, a large loft with a fan perfect for your home gym. The enormous master has a sitting room, balcony, and inspiring mountain views. Relax in your four seasons like a master bath featuring double vanities, a makeup vanity, and a large soaking tub. The backyard is a true oasis with mature trees, putting green, covered patio accented by ivy, ceiling fans, and built-in BBQ. Cool off in your sparkling pool with private waterfall.

SEE MORE

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: 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
 

$899,910$1,099,890$999,900

PURCHASE PRICE

$4,059$4,961$4,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,510
EXPENSES Loan Payment -$3,473
Property Tax -$700
Property Insurance -$117
Property Management Fees -$119
CASH FLOW
$101

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.

$999,900

PROJECTED PRICE

$4,510

PROJECTED RENT

0.45%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,724

INVESTMENT

$270,724

Down Payment
$249,975
Rehab Estimate
$5,750
Closing Costs
$14,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,473

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $249,975
Loan Amount $749,925
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$74,867

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,510

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $4,889

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$4,500
1$4,5002$4,5003$4,5004$4,5105$5,495
$5,495
RENT COMPS ANALYSIS
  • 9300 Provence Garden Lane Las Vegas, NV 4
    • 4 beds 4 baths ∙ 4,645 Sqft ∙ Built 1999 4 beds 4 baths ∙ 4,645 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $4,510
    • $0.97
    •  
  • 1870 Columbia Crest Court Las Vegas, NV 1
    • 5 beds 3 baths ∙ 4,609 Sqft ∙ Built 1999 5 beds 3 baths ∙ 4,609 Sqft ∙ Built 1999
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $0.98
    •  
  • 9321 Fontainbleu Drive Las Vegas, NV 2
    • 4 beds 5 baths ∙ 4,424 Sqft ∙ Built 1999 4 beds 5 baths ∙ 4,424 Sqft ∙ Built 1999
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.02
    •  
  • 9413 Queen Charlotte Drive Las Vegas, NV 3
    • 5 beds 5 baths ∙ 4,336 Sqft ∙ Built 2001 5 beds 5 baths ∙ 4,336 Sqft ∙ Built 2001
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.04
    •  
  • 9805 Queen Charlotte Drive Las Vegas, NV 5
    • 4 beds 5 baths ∙ 4,693 Sqft ∙ Built 2001 4 beds 5 baths ∙ 4,693 Sqft ∙ Built 2001
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,495
    • $1.17
    •  
PROPERTY LISTING DETAILS
Thomas J Love
1.702.838.5100
The Tom Love Group Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2261831
Last Updated: 01/15/2021
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