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9337 Chateau St Jean Drive Las Vegas, NV 89123

4 Beds 4 Baths 3,477 sqft Built 1999

$484,888

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $139.46
  • 3 Days on Market
  • MLS # : 2249019
  • Updated Date : 11/21/2020 at 13:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,477 sqft
  • Baths : 4 full
Listing Agent

Exp Realty

Listing Agent's Description

Beautiful 2 story home located in the heart of Silverado Ranch. Enter through the formal living room into a spacious open downstairs layout. A chef kitchen awaits you with a double oven, island for food prepping and a large picture window. Entire downstairs and all wet areas have wood-like tile. BRAND new carpet throughout. New countertops/sinks/faucets in all bathrooms. Sparkling pool with a sun deck is ready for all the summer BBQ's. Pick large lemons and kumquats in the Spring from the trees. Large loft adds to the additional entertaining space. All upstairs bedrooms have walk in closets. Shutters throughout entire home. 3 car garage with an overload of storage space. Gas BBQ to stay with property. And a single sweet live Koi fish in backyard pond all accompany this property! ORIGINAL OWNERS BOUGHT DIRECTLY FROM BUILDER.

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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: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k305k

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

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
Roger Gehring Elementary School Primary Regular 676 39 9
Charles Silvestri Junior High School Middle Regular 1,748 68 NA
Silverado High School High Regular 2,263 94 5

Roger Gehring Elementary School

  • Education Level: Primary
  • # of students: 676
  • # of teachers: 39
9
GreatSchools Rating

Charles Silvestri Junior High School

  • Education Level: Middle
  • # of students: 1,748
  • # of teachers: 68
NA
GreatSchools Rating

Silverado High School

  • Education Level: High
  • # of students: 2,263
  • # of teachers: 94
5
GreatSchools Rating
 

$436,399$533,377$484,888

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,789
Property Tax -$321
Property Insurance -$95
Property Management Fees -$119
CASH FLOW
$147

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.

$484,888

PROJECTED PRICE

$2,470

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,245

INVESTMENT

$134,245

Down Payment
$121,222
Rehab Estimate
$5,750
Closing Costs
$7,273

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,222
Loan Amount $363,666
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$53,877

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,703

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4703$2,5004$2,7005$3,050
$3,050
RENT COMPS ANALYSIS
  • 9337 Chateau St Jean Drive Las Vegas, NV 2
    • 4 beds 4 baths ∙ 3,477 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,477 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.71
    •  
  • 319 Ravensmere Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,274 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,274 Sqft ∙ Built 2002
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.70
    •  
  • 1904 Imola Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,437 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,437 Sqft ∙ Built 1997
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.73
    •  
  • 1313 Waterford Falls Avenue Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,380 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,380 Sqft ∙ Built 1999
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.80
    •  
  • 296 Great Duke Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,459 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,459 Sqft ∙ Built 1999
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jim R Brooks
1.702.269.8443
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2249019
Last Updated: 11/21/2020
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