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9421 Sparkling Waters Avenue Las Vegas, NV 89129

3 Beds 3 Baths 1,991 sqft Built 1999

$344,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $173.23
  • 2 Days on Market
  • MLS # : 2259699
  • Updated Date : 01/09/2021 at 23:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,991 sqft
  • Baths : 2 full , 1 half
Listing Agent

Urban Nest Realty

Listing Agent's Description

Welcome home to this lovely 2-story 3-bedroom home with no HOA. Kitchen features stainless steel appliances, island, pantry, granite countertops and tile flooring. Spacious formal living room and separate family room complete with fireplace and ceiling fan. All 3 bedrooms are located upstairs and are oversized. Large master bedroom with walk in closet, master bath with double sinks, tub/shower combo. Custom wood shutters on main floor. Spacious backyard with beautiful landscaping and fruit trees. A must-see property awaiting your personal touch.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k326k

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

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10701616

* 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
Edith Garehime Elementary School Primary Regular 631 32 7
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Edith Garehime Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 32
7
GreatSchools Rating

Justice M E Leavitt Middle School

  • Education Level: Middle
  • # of students: 1,496
  • # of teachers: 64
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$310,410$379,390$344,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,198
Property Tax -$239
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
$9

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.

$344,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.3%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,149

INVESTMENT

$97,149

Down Payment
$86,225
Rehab Estimate
$5,750
Closing Costs
$5,174

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,225
Loan Amount $258,675
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$22,749

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,643

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,5993$1,6304$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 9421 Sparkling Waters Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,991 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,991 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.82
    •  
  • 3925 Copperhead Hills Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,900 Sqft ∙ Built 2000
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 9412 Tall Wood Lane Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,870 Sqft ∙ Built 1996
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.86
    •  
  • 9516 Forest Lily Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,090 Sqft ∙ Built 1999
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.79
    •  
  • 9620 Boylagh Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1999
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
PROPERTY LISTING DETAILS
Danielle Credico
1.702.768.9722
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2259699
Last Updated: 01/09/2021
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