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9400 Queen Charlotte Drive Las Vegas, NV 89145

3 Beds 2 Baths 3,497 sqft Built 2002

$795,000

List Price

$3,740

$3.5K - $4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $227.34
  • 3 Days on Market
  • MLS # : 2272274
  • Updated Date : 02/27/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,497 sqft
  • Baths : 2 full
Listing Agent

Kim's Realty Solutions

Listing Agent's Description

TOLL BROTHERS SINGLE STORY HOME in QUEENSRIDGE NORTH GATED COMMUNITY !! THIS BEAUTIFUL HOME MAINTAINED WELL BY ORIGINAL OWNER SINCE 2002 built ...!! FEATURES 3 BR plus SEPERATED DEN w DOUBLE DOOR, 2 FULL BA + 3/4 BA. VERY OPEN FLOOR PLAN, 14' HIGH CEILINGS, HUGE LIVING Room & FORMAL DINING Room, LARGE MASTER Room W HUGE BATH R, W-I CLOSET... LAMINATE WOOD FLOOR IN FAMILY RM & DEN....CEILING FANS in ALL ROOMS. GRANITE COUNTER TOPS ISLAND, W-I PANTRY, 2 & 1 CAR GARAGES SPILITED. CLOSE TO GOLF COURSES, FREEWAYS, SHOPPINGS, RESTAURANTS.....!!

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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: Queensridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $119k742k

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

Neighborhood: Queensridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10763408

* 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
John W. Bonner Elementary School Primary Regular 859 47 10
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

John W. Bonner Elementary School

  • Education Level: Primary
  • # of students: 859
  • # of teachers: 47
10
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$715,500$874,500$795,000

PURCHASE PRICE

$3,366$4,114$3,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,740
EXPENSES Loan Payment -$2,761
Property Tax -$625
Property Insurance -$95
Property Management Fees -$119
CASH FLOW
$140

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.

$795,000

PROJECTED PRICE

$3,740

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) -8.9%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

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$216,425

INVESTMENT

$216,425

Down Payment
$198,750
Rehab Estimate
$5,750
Closing Costs
$11,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $198,750
Loan Amount $596,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$64,486

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,740

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $3,864

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,7403$3,7504$3,8145$4,309
$4,309
RENT COMPS ANALYSIS
  • 9400 Queen Charlotte Drive Las Vegas, NV 2
    • 3 beds 2 baths ∙ 3,497 Sqft ∙ Built 2002 3 beds 2 baths ∙ 3,497 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $3,740
    • $1.07
    •  
  • 9520 Chalgrove Village Avenue Las Vegas, NV 1
    • 4 beds 2 baths ∙ 3,417 Sqft ∙ Built 2001 4 beds 2 baths ∙ 3,417 Sqft ∙ Built 2001
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.94
    •  
  • 308 Terrace View Court Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,300 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,300 Sqft ∙ Built 2001
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.14
    •  
  • 10008 Alegria Drive Las Vegas, NV 4
    • 3 beds 4 baths ∙ 3,422 Sqft ∙ Built 2000 3 beds 4 baths ∙ 3,422 Sqft ∙ Built 2000
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,814
    • $1.11
    •  
  • 204 Valiente Las Vegas, NV 5
    • 3 beds 4 baths ∙ 3,514 Sqft ∙ Built 2001 3 beds 4 baths ∙ 3,514 Sqft ∙ Built 2001
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,309
    • $1.23
    •  
PROPERTY LISTING DETAILS
Silver K Hess
1.702.610.9890
Kim's Realty Solutions
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2272274
Last Updated: 02/27/2021
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