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9317 Northfield Park Court Las Vegas, NV 89148

4 Beds 3 Baths 3,018 sqft Built 2013

$679,750

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $225.23
  • 4 Days on Market
  • MLS # : 2263500
  • Updated Date : 01/23/2021 at 17:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,018 sqft
  • Baths : 3 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Amazing 1 story home with a 4 Car Garage AND RV Parking / 4 Bedrooms 3 Full Baths / 2 Dens / and a Huge Great Room / Large Covered Patio / Roof Solar / .24 acre lot / RV Power hookup / Lots of extra Electrical throughout the home / Insulated 4 car garage / pre-plumb laundry sink / Make sure to click the virtual tour link for the Matterport Virtual Walking tour of this home

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Robert L. Forbuss Elementary School Primary Regular 1,163 56 7
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Robert L. Forbuss Elementary School

  • Education Level: Primary
  • # of students: 1,163
  • # of teachers: 56
7
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$611,775$747,725$679,750

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$2,361
Property Tax -$453
Property Insurance -$86
Property Management Fees -$119
CASH FLOW
-$428

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.

$679,750

PROJECTED PRICE

$2,590

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,884

INVESTMENT

$185,884

Down Payment
$169,938
Rehab Estimate
$5,750
Closing Costs
$10,196

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,361

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $169,938
Loan Amount $509,813
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$12,885

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,909

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,9003$2,0504$2,1505$2,590
$2,590
RENT COMPS ANALYSIS
  • 9317 Northfield Park Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2013 4 beds 3 baths ∙ 3,018 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $0.86
    •  
  • 9127 Cedar Door Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,140 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,140 Sqft ∙ Built 2007
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.57
    •  
  • 9162 Weeping Hollow Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,002 Sqft ∙ Built 2006
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.63
    •  
  • 9119 Torino Avenue Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,140 Sqft ∙ Built 2008 5 beds 3 baths ∙ 3,140 Sqft ∙ Built 2008
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.65
    •  
  • 8921 Bonneville Peak Court #0 Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,140 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,140 Sqft ∙ Built 2006
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.68
    •  
PROPERTY LISTING DETAILS
Brian E Wedewer
1.702.256.8888
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263500
Last Updated: 01/23/2021
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