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9424 Low Tide Court Las Vegas, NV 89117

4 Beds 3 Baths 3,004 sqft Built 1989

$479,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $159.45
  • 6 Days on Market
  • MLS # : 2243457
  • Updated Date : 10/31/2020 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,004 sqft
  • Baths : 2 full , 1 half
Listing Agent

1st Priority Realty, Llc

Listing Agent's Description

A beautiful house situated within a cul-de-sac, on a large lot. Exterior of property features large koi ponds, mature fruit trees and garden, RV/boat parking, gazebo, covered patio with deck and new AC units. Interior of property features an elevator, large family and living room with fireplace, high ceiling entrance and a formal dining room.

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: The Section Seven

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k377k

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

Neighborhood: The Section Seven

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
M.j. Christensen Elementary School Primary Regular 615 34 6
Lawrence Junior High School Middle Regular 1,421 61 NA
Bonanza High School High Regular 2,003 83 3

M.j. Christensen Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 34
6
GreatSchools Rating

Lawrence Junior High School

  • Education Level: Middle
  • # of students: 1,421
  • # of teachers: 61
NA
GreatSchools Rating

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

$431,100$526,900$479,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,767
Property Tax -$284
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
$105

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.

$479,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.4%
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$30k

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$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$50,547

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,388

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,2953$2,3504$2,3605$2,850
$2,850
RENT COMPS ANALYSIS
  • 9424 Low Tide Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,004 Sqft ∙ Built 1989 4 beds 3 baths ∙ 3,004 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.79
    •  
  • 9449 Navy Blue Court Las Vegas, NV 1
    • 4 beds 2 baths ∙ 2,974 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,974 Sqft ∙ Built 1989
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.70
    •  
  • 2816 Quail Lakes Court Las Vegas, NV 2
    • 3 beds 3 baths ∙ 3,031 Sqft ∙ Built 1987 3 beds 3 baths ∙ 3,031 Sqft ∙ Built 1987
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.76
    •  
  • 2732 Tidewater Court Las Vegas, NV 3
    • 5 beds 3 baths ∙ 3,107 Sqft ∙ Built 1988 5 beds 3 baths ∙ 3,107 Sqft ∙ Built 1988
    property image
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.76
    •  
  • 9425 Angelfish Drive Las Vegas, NV 5
    • 5 beds 2 baths ∙ 2,974 Sqft ∙ Built 1988 5 beds 2 baths ∙ 2,974 Sqft ∙ Built 1988
    property image
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.96
    •  
PROPERTY LISTING DETAILS
John T Do
1.702.743.5333
1st Priority Realty, Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243457
Last Updated: 10/31/2020
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