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9417 Churchill Downs Drive Las Vegas, NV 89117

5 Beds 2 Baths 3,405 sqft Built 1993

$649,900

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $190.87
  • 2 Days on Market
  • MLS # : 2253802
  • Updated Date : 12/05/2020 at 20:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,405 sqft
  • Baths : 2 full
Listing Agent

American Renaissance Realty

Listing Agent's Description

Amazing tastefully remodeled home in gated Churchill Estates at Peccole Ranch community! Two primary bedrooms: one is downstairs with view of the pool and one is upstairs; huge formal living room with cathedral ceilings; spacious family room with fireplace; Close to Boca Park, Downtown Summerlin.

SEE MORE

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
 

$584,910$714,890$649,900

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,398
Property Tax -$433
Property Insurance -$93
Property Management Fees -$119
CASH FLOW
$7

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.

$649,900

PROJECTED PRICE

$3,050

PROJECTED RENT

0.47%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$53,108

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $3,056

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,8003$2,8984$3,0505$3,700
$3,700
RENT COMPS ANALYSIS
  • 9417 Churchill Downs Drive Las Vegas, NV 4
    • 5 beds 2 baths ∙ 3,405 Sqft ∙ Built 1993 5 beds 2 baths ∙ 3,405 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.90
    •  
  • 2005 Loggerhead Road Las Vegas, NV 1
    • 5 beds 2 baths ∙ 3,078 Sqft ∙ Built 1990 5 beds 2 baths ∙ 3,078 Sqft ∙ Built 1990
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
  • 9424 Greenham Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,169 Sqft ∙ Built 1991 4 beds 3 baths ∙ 3,169 Sqft ∙ Built 1991
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.88
    •  
  • 1405 Palantine Hill Drive Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,504 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,504 Sqft ∙ Built 1996
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,898
    • $0.83
    •  
  • 1529 Willowbark Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,544 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,544 Sqft ∙ Built 1993
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.04
    •  
PROPERTY LISTING DETAILS
Inna Mizrahi
1.702.812.6828
American Renaissance Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2253802
Last Updated: 12/05/2020
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