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9417 Wandering Woods Court Las Vegas, NV 89149

4 Beds 3 Baths 2,902 sqft Built 2005

$439,995

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $151.62
  • 2 Days on Market
  • MLS # : 2250644
  • Updated Date : 11/28/2020 at 15:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,902 sqft
  • Baths : 3 full
Listing Agent

Prominent Realty Group Llc

Listing Agent's Description

EXQUISITE END OF CUL DE SAC CORNER LOT* TWO STORY HOME IN CENTENNIAL HILLS,SOARING CEILINGS UPON ENTRY* 4 BEDROOMS, 3 BATHROOMS,BED AND BATH DOWN, CEILING FANS, INVITING FORMAL LIVING & DINING ROOM .ALL APPLIANCES INCLUDED,KITCHEN HAS GRANITE COUNTERS TOPS, ISLAND, PANTRY, AND BREAKFAST BAR, DINING AREA OFF KITCHEN, MASTER BEDROOM IS SEPARATE. MASTER BATHROOM HAS SEPARATE SHOWER,DOUBLE SINKS AND JETTED BATHTUB. GOOD SIZE BACK YARD.CONVIENENTLY ACCESSIBLE TO 95 & 215 AXLE,RESTAURANTS, FREEWAYS, AND SHOPPING.. A MUST SEE 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: 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
 

$395,996$483,995$439,995

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,623
Property Tax -$347
Property Insurance -$83
Property Management Fees -$119
CASH FLOW
$58

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.

$439,995

PROJECTED PRICE

$2,230

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,349

INVESTMENT

$122,349

Down Payment
$109,999
Rehab Estimate
$5,750
Closing Costs
$6,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,999
Loan Amount $329,996
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$40,653

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,300

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2303$2,3004$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 9417 Wandering Woods Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.77
    •  
  • 9333 Outer Banks Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,948 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,948 Sqft ∙ Built 2005
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.73
    •  
  • 9408 Silent Oak Court #0 Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,948 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,948 Sqft ∙ Built 2005
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.78
    •  
  • 7721 Native Winds Court Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,087 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,087 Sqft ∙ Built 2005
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.78
    •  
  • 9356 Olympia Falls Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,733 Sqft ∙ Built 2005
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
PROPERTY LISTING DETAILS
Pradeep Manjeshwar
1.702.325.5166
Prominent Realty Group Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250644
Last Updated: 11/28/2020
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