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9337 Longhorn Falls Court Las Vegas, NV 89149

4 Beds 3 Baths 2,308 sqft Built 2004

$375,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $162.48
  • 13 Days on Market
  • MLS # : 2259543
  • Updated Date : 01/13/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,308 sqft
  • Baths : 3 full
Listing Agent

Las Vegas Realty Llc

Listing Agent's Description

THE HOME IS NESTLED IN A CUL-DE-SAC...PREMIUM LOT MUST SEE THIS IS A GREAT HOME FOR ENTERTAINING WITH A GREAT BACKYARD JUST OUTSIDE THE OPEN KITCHEN AND FAMILY ROOM. FULL BED & BATH DOWNSTAIRS. THIS IS A VERY POPULAR FLOOR PLAN W/ UPGRADES THROUGHOUT... DESIRABLE HOME AND VERY COZY HOME WITH AN OPEN FLOOR PLAN LOCATED IN THE HEART OF CENTENNIAL HILLS. The formal dining room is to the front of the house. The upstairs features the main master bedroom with views of mountains & large master bath! All bedrooms are large & all bedrooms have ceiling fans. Backyard w covered patio!

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: Town Center Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k366k

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

Neighborhood: Town Center Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Marshall C. Darnell Elementary School Primary Regular 793 40 6
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Centennial High School High Regular 3,055 124 6

Marshall C. Darnell Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 40
6
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,303
Property Tax -$270
Property Insurance -$72
Property Management Fees -$119
CASH FLOW
$106

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.

$375,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.2%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$34,485

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,852

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8703$1,9004$1,9405$1,950
$1,950
RENT COMPS ANALYSIS
  • 9337 Longhorn Falls Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.81
    •  
  • 9329 Dorrell Lane Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2004
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.76
    •  
  • 9329 Thunder Falls Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 2004
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.80
    •  
  • 9239 Horseshoe Basin Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,383 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,383 Sqft ∙ Built 2005
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.81
    •  
  • 6777 Pleasant Flower Street Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 2016
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.84
    •  
PROPERTY LISTING DETAILS
Pamela L Clark
1.702.581.5219
Las Vegas Realty Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259543
Last Updated: 01/13/2021
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