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9416 Yucca Blossom Drive Las Vegas, NV 89134

2 Beds 1 Baths 1,637 sqft Built 1992

$340,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $207.70
  • 3 Days on Market
  • MLS # : 2243940
  • Updated Date : 11/02/2020 at 16:33
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,637 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Market Place

Listing Agent's Description

Welcome Home! This beautiful 55+ home has one of the nicest backyards! Made for outdoor relaxing, with several mature Fruit trees keeping the yard shaded. Peach, Nectarine, Plum, Apricot, and nicely landscaped. Large covered front porch, and spacious front living room with lots of light ,and very inviting. Need a larger Dining Area? This home has one. Separate Family room is adjacent to the large breakfast nook and kitchen with breakfast bar. Corian Counter tops, Black Microwave, and newer Black Gas stove. Laundry room used as a large pantry cabinetry & storage/office w/ built in cabinets and wall shelving. Laundry in the garage with wall to wall storage cabinetry. Primary Bedroom has view to the lovely backyard with covered Patio and extra extended Patio with cover. Newer ground-mounted high efficiency AC/HVAC. Need built in storage, this home has it! This beautiful home can be yours!

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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: Sun City Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k328k

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

Neighborhood: Sun City Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100115012001250130013501400145015001550160016501700Rent in $10671706

* 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
William Lummis Elementary School Primary Regular 555 27 7
Ernest Becker Middle School Middle Regular 1,392 56 NA
Palo Verde High School High Regular 3,024 114 9

William Lummis Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 27
7
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Palo Verde High School

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

$306,000$374,000$340,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,254
Property Tax -$225
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
$73

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.

$340,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.1%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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$20k

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$34,537

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,731

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,6954$1,7305$1,795
$1,795
RENT COMPS ANALYSIS
  • 9416 Yucca Blossom Drive Las Vegas, NV 4
    • 2 beds 1 baths ∙ 1,637 Sqft ∙ Built 1992 2 beds 1 baths ∙ 1,637 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.06
    •  
  • 9236 January Drive Las Vegas, NV 1
    • 2 beds 1 baths ∙ 1,585 Sqft ∙ Built 1993 2 beds 1 baths ∙ 1,585 Sqft ∙ Built 1993
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
  • 9817 Button Willow Drive Las Vegas, NV 2
    • 2 beds 1 baths ∙ 1,653 Sqft ∙ Built 1993 2 beds 1 baths ∙ 1,653 Sqft ∙ Built 1993
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.03
    •  
  • 2737 Lotus Hill Drive Las Vegas, NV 3
    • 2 beds 1 baths ∙ 1,653 Sqft ∙ Built 1992 2 beds 1 baths ∙ 1,653 Sqft ∙ Built 1992
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.03
    •  
  • 9316 January Drive #- Las Vegas, NV 5
    • 2 beds 1 baths ∙ 1,585 Sqft ∙ Built 1993 2 beds 1 baths ∙ 1,585 Sqft ∙ Built 1993
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.13
    •  
PROPERTY LISTING DETAILS
Debbie Tuttle
1.702.493.8990
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243940
Last Updated: 11/02/2020
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