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9511 Leaping Lizard Street Las Vegas, NV 89178

4 Beds 3 Baths 1,977 sqft Built 2008

$314,990

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $159.33
  • 13 Days on Market
  • MLS # : 2250476
  • Updated Date : 11/30/2020 at 15:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,977 sqft
  • Baths : 3 full
Listing Agent

Brokers International

Listing Agent's Description

s Beautiful 3 Levels home has 4 bedrooms and 3 full bath Near Mountain Edge Spacious back yard .

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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 V. Wright Elementary School Primary Regular 1,256 62 8
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

William V. Wright Elementary School

  • Education Level: Primary
  • # of students: 1,256
  • # of teachers: 62
8
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$283,491$346,489$314,990

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,162
Property Tax -$228
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
$76

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.

$314,990

PROJECTED PRICE

$1,650

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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

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$89,222

INVESTMENT

$89,222

Down Payment
$78,748
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,748
Loan Amount $236,243
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$33,227

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,601

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5504$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 9511 Leaping Lizard Street Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,977 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.83
    •  
  • 9539 Summer Furnace Street #0 Las Vegas, NV 1
    • 3 beds 4 baths ∙ 1,978 Sqft ∙ Built 2006 3 beds 4 baths ∙ 1,978 Sqft ∙ Built 2006
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.76
    •  
  • 9360 Fort Bayard Avenue #none Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,829 Sqft ∙ Built 2006
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.82
    •  
  • 9547 Leaping Lizard Las Vegas, NV 3
    • 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 2008
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 9335 Furnace Gulch Las Vegas, NV 4
    • 3 beds 4 baths ∙ 1,977 Sqft ∙ Built 2007 3 beds 4 baths ∙ 1,977 Sqft ∙ Built 2007
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.81
    •  
PROPERTY LISTING DETAILS
Tezera Haile
1.702.542.6443
Brokers International
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250476
Last Updated: 11/30/2020
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