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9349 Buckhaven Drive Las Vegas, NV 89117

2 Beds 2 Baths 1,269 sqft Built 1996

$319,954

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $252.13
  • 3 Days on Market
  • MLS # : 2279887
  • Updated Date : 03/20/2021 at 23:03
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,269 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Beautiful 2 Bedroom 2 Bath in much sought after Peccole Ranch!! Has been freshly painted with new carpet. Peaceful and relaxing backyard that has views of the greenbelt! WONT LAST bring you buyers to this turnkey property

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MARKET HIGHLIGHTS

  • 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

Neighborhood: Peccole Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Peccole Ranch

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
D'voree And Hall Ober Elementary School Primary Regular 669 39 8
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Bonanza High School High Regular 2,003 83 3

D'voree And Hall Ober Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 39
8
GreatSchools Rating

Walter Johnson Junior High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 50
NA
GreatSchools Rating

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

$287,959$351,949$319,954

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,111
Property Tax -$185
Property Insurance -$52
Property Management Fees -$119
CASH FLOW
-$87

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.

$319,954

PROJECTED PRICE

$1,380

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$90,538

INVESTMENT

$90,538

Down Payment
$79,989
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,989
Loan Amount $239,966
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$14,413

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,377

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3753$1,3804$1,3955$1,450
$1,450
RENT COMPS ANALYSIS
  • 9349 Buckhaven Drive Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,269 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,269 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.09
    •  
  • 8940 Antioch Way #0 Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 1989
    property image
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.12
    •  
  • 2052 Jade Creek Street #203 Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,319 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,319 Sqft ∙ Built 2000
    property image
    LEASED 03/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.04
    •  
  • 2053 Quartz Cliff Street #102 Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,286 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,286 Sqft ∙ Built 2001
    property image
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.08
    •  
  • 2000 Quartz Cliff Street #203 Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,319 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,319 Sqft ∙ Built 2001
    property image
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.10
    •  
PROPERTY LISTING DETAILS
Joseph D Guffey
1.702.682.4427
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279887
Last Updated: 03/20/2021
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