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9341 Pink Stargazer Avenue Las Vegas, NV 89166

3 Beds 3 Baths 1,680 sqft Built 2015

$302,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $179.76
  • 3 Days on Market
  • MLS # : 2246426
  • Updated Date : 11/06/2020 at 15:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,680 sqft
  • Baths : 2 full , 1 half
Listing Agent

Vegas Properties Llc

Listing Agent's Description

Fantastic, modern Sky Ridge home. 3 Bedroom 2.5 Bathroom home with an open floor plan and a large Den. Large Kitchen with Granite counters, Island and a walk in panty. Beautiful modern touches and improvements throughout the house. Pictures don't do any justice. Immaculate listing. A must see!

SEE MORE

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: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

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
James Bilbray Elementary School Primary Regular 763 39 9
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Arbor View High School High Regular 2,878 116 9

James Bilbray Elementary School

  • Education Level: Primary
  • # of students: 763
  • # of teachers: 39
9
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

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

Arbor View High School

  • Education Level: High
  • # of students: 2,878
  • # of teachers: 116
9
GreatSchools Rating
 

$271,800$332,200$302,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,114
Property Tax -$249
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$42

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.

$302,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,780

INVESTMENT

$85,780

Down Payment
$75,500
Rehab Estimate
$5,750
Closing Costs
$4,530

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,114

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,500
Loan Amount $226,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$19,751

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,520

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5754$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 9341 Pink Stargazer Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.89
    •  
  • 8080 Satin Carnation Lane Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2015
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.86
    •  
  • 9336 Pink Stargazer Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2015
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.94
    •  
  • 9352 Pearblossom Sky Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2015
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
  • 9404 Jewel Lake Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,840 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,840 Sqft ∙ Built 2003
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
PROPERTY LISTING DETAILS
Janis C Whitney
1.702.280.8090
Vegas Properties Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246426
Last Updated: 11/06/2020
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