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932 Wild Skies Drive Las Vegas, NV 89138

3 Beds 3 Baths 2,939 sqft Built 2019

$1,395,995

List Price

$3,320

$3.1K - $3.6K

Rent Est.

$375,689

Investment Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $474.99
  • 5 Days on Market
  • MLS # : 2272740
  • Updated Date : 02/28/2021 at 03:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,939 sqft
  • Baths : 2 full , 1 half
Listing Agent

Xpand Realty & Property Manage

Listing Agent's Description

Toll Brothers custom designed and decorated Eclipse Elite Model offers deluxe contemporary style. The Eclipse Elite's welcoming covered entry and foyer flow past the elegant formal dining room with tray ceiling and patio access. Soaring great rm, 42’ cosmo fireplace plus wet bar, 24' multi slide glass door, Enormous covered patio, heated pool w waterfall, firepit, outdoor seating area. Gourmet kitchen w Yorktown cabinets, KitchenAid stainless steel appliances including a 48” built-in fridge, center island/breakfast bar, walk-in pantry, hardwood floors. Secluded primary suite w retreat, 12’ floor to ceiling, multi-slide glass door to covered patio and sitting area. Luxurious spa-like bath, beautiful custom walk-in closet. Secondary bedrooms feature roomy closets and shared full hall bath on first floor. Private 2nd floor features a generous bonus rm w covered deck, 24” double drawer dry bar fridge. Beautiful city/strip view from covered deck.Property comes fully furnished and decorated.

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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

Zip Code: 89138

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $119k476k

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

Zip Code: 89138

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10762575

* 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
Billy And Rosemary Vassiliadis Elementary School Primary Unknown NA
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

Billy And Rosemary Vassiliadis Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

FINANCIALS

Learn how to read this

$1,256,396$1,535,595$1,395,995

PURCHASE PRICE

$2,988$3,652$3,320

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,320
EXPENSES Loan Payment -$4,849
Property Tax -$827
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
-$2,559

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.

$1,395,995

PROJECTED PRICE

$3,320

PROJECTED RENT

0.24%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.1%
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$2.5M$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$375,689

INVESTMENT

$375,689

Down Payment		 $348,999
Rehab Estimate		 $5,750
Closing Costs		 $20,940

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,849

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $348,999
Loan Amount $1,046,996
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$78

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,320

    LIST RENT

  • $1.13

    LIST RENT PER SQFT

  • $3,328

    COMP ESTIMATED VALUE

  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$3,2003$3,3204$3,5005$3,850
$3,850
RENT COMPS ANALYSIS
  • 932 Wild Skies Drive Las Vegas, NV 3
    • 4 beds 4 baths ∙ 2,939 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,939 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,320
    • $1.13
    •  
  • 11763 Longworth Road Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 2010
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.98
    •  
  • 12385 Valley Chase Avenue Las Vegas, NV 2
    • 4 beds 4 baths ∙ 2,755 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,755 Sqft ∙ Built 2018
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.16
    •  
  • 12257 Bluebird Canyon Place Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,044 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,044 Sqft ∙ Built 2005
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.15
    •  
  • 816 Elmstone Place Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,095 Sqft ∙ Built 2019 5 beds 3 baths ∙ 3,095 Sqft ∙ Built 2019
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.24
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Bridget A Olson
1.702.493.2950
Xpand Realty & Property Manage
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2272740
Last Updated: 02/28/2021

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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