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9512 Walking Spirit Court 
Las Vegas, NV
89129
5 Beds 3 Baths 2,544 sqft
Built 2004
INVESTimate
$399,000
List Price
$111,485
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PROPERTY INFO
FACTS
- Built In 2004
- Price/Sqft : $156.84
- 3 Days on Market
- MLS # : 2224316
- Updated Date : 08/24/2020 at 17:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,544 sqft
- Baths : 3 full
Listing Agent
Listing Masters Llc
Listing Agent's Description
Beautiful corner lot home with no HOA! Located at the edge of a cul-de-sac, this amazing home features 5 bedrooms + a large upstairs loft and 3 full bathrooms. One bedroom and a full bathroom are located downstairs! Entrance opens to a spacious formal dining room and formal living room area complete with beautiful laminate wood flooring. The kitchen is complete with center island with room for seating, espresso cabinets, separate pantry, tile flooring and stainless steel appliances. Family room located just off the kitchen includes laminate wood flooring. Beautiful wrought iron railing staircase leads up to a large loft perfect for extra entertainment space, office, or kids school/play area. Three additional bedrooms and a full bathroom are also located upstairs. All bedrooms include ceiling fans! Huge pool sized lot! Backyard boasts a covered patio, mature landscaping with real grass, and a shed for extra storage. Solar panels are on a power purchase agreement. NO HOA!! Welcome home!
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Lone Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lone Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,472 |
| Property Tax | -$279 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$147
|
||
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.
$399,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.31% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,485
LOAN DETAILS
$1,472
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
4.08
YEARS SAVED
$17,813
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,895
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
9512 Walking Spirit Court Las Vegas, NV 3
- 5 beds 3 baths ∙ 2,544 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,544 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,800
- $0.71
-
3328 Lingo Street Las Vegas, NV 1
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LEASED 07/31/20- Rent
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- $1,750
- $0.70
-
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- 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1999
LEASED 08/13/20- Rent
- Rent Per SQFT
- $1,795
- $0.76
-
9629 Atwood Avenue Las Vegas, NV 4
- 5 beds 3 baths ∙ 2,516 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,516 Sqft ∙ Built 1994
LEASED 09/25/19- Rent
- Rent Per SQFT
- $1,850
- $0.74
-
9137 Fusion Drive Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 2007
LEASED 03/19/20- Rent
- Rent Per SQFT
- $1,995
- $0.78
PROPERTY LISTING DETAILS
1.702.518.2182
Listing Masters Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224316
Last Updated: 08/24/2020
