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9392 Outer Banks Avenue Las Vegas, NV 89149

4 Beds 3 Baths 3,582 sqft Built 2004

INVESTimate

$535,888

List Price

$2,380

$2,142 - $2,618

Rent Est.

$591,192  ( +10.32%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $149.61
  • 7 Days on Market
  • MLS # : 2223529
  • Updated Date : 08/20/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,582 sqft
  • Baths : 3 full
Listing Agent

Wardley Real Estate

Listing Agent's Description

4 car garage beauty!!! Impeccably maintained 4 Bedroom with 3 Full Baths located in the highly sought after Centennial Hills area. Private courtyard with artistic stone work creates remarkable cur appeal. Cul-de-sac lot with a sparkling pool. Upgrades throughout the home including elaborate wrought iron work. Perfect home for entertaining in an incredibly quiet neighborhood. This home is a must see. There's not another home like it in the area.

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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: 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
Sandra L. Thompson Elementary School Primary Regular 798 39 8
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Arbor View High School High Regular 2,878 116 9

Sandra L. Thompson Elementary School

  • Education Level: Primary
  • # of students: 798
  • # of teachers: 39
8
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
 

$482,299$589,477$535,888

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,977
Property Tax -$418
Property Insurance -$97
HOA -$93
Property Management Fees -$119
CASH FLOW
-$324

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.

$535,888

PROJECTED PRICE

$2,380

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.32%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,760

INVESTMENT

$147,760

Down Payment
$133,972
Rehab Estimate
$5,750
Closing Costs
$8,038

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,972
Loan Amount $401,916
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$13,428

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,427

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3803$2,4954$2,5005$2,645
$2,645
RENT COMPS ANALYSIS
  • 9392 Outer Banks Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,582 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,582 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $0.66
    •  
  • 7408 Midnight Rambler Street Las Vegas, NV 1
    • 4 beds 4 baths ∙ 3,402 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,402 Sqft ∙ Built 2004
    property image
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.62
    •  
  • 9353 Thunder Basin Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,748 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,748 Sqft ∙ Built 2005
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.67
    •  
  • 9360 White Waterfall Avenue Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,546 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,546 Sqft ∙ Built 2006
    property image
    LEASED 02/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.71
    •  
  • 9961 Madison Walk Avenue Las Vegas, NV 5
    • 5 beds 5 baths ∙ 3,730 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,730 Sqft ∙ Built 2005
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,645
    • $0.71
    •  
PROPERTY LISTING DETAILS
Travis Saunders
1.702.969.6642
Wardley Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223529
Last Updated: 08/20/2020
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