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9517 Scenic Sunset Drive Las Vegas, NV 89117

4 Beds 3 Baths 2,525 sqft Built 1993

INVESTimate

$450,000

List Price

$2,060

$1,854 - $2,266

Rent Est.

$485,595  ( +7.91%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $178.22
  • 7 Days on Market
  • MLS # : 2223689
  • Updated Date : 08/21/2020 at 11:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,525 sqft
  • Baths : 3 full
Listing Agent

Image Realty Group

Listing Agent's Description

Beautiful home in Peccole Ranch with pool and spa! Disable location just behind the Sahara library. Minutes away from Downtown Summerlin and Boca Park. Open Floorpan with high vaulted ceiling, downstairs bedroom with a full bath, Laminate wood flooring throughout, and a must-see.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Peccole Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Peccole Ranch

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
D'voree And Hall Ober Elementary School Primary Regular 669 39 8
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Bonanza High School High Regular 2,003 83 3

D'voree And Hall Ober Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 39
8
GreatSchools Rating

Walter Johnson Junior High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 50
NA
GreatSchools Rating

Bonanza High School

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

$405,000$495,000$450,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$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$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,660
Property Tax -$301
Property Insurance -$76
HOA -$88
Property Management Fees -$119
CASH FLOW
-$184

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.

$450,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.91%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$18,377

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,052

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,060
1$2,0602$2,0953$2,0954$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 9517 Scenic Sunset Drive Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,525 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.82
    •  
  • 9521 Scenic Sunset Drive Las Vegas, NV 2
    • 5 beds 2 baths ∙ 2,702 Sqft ∙ Built 1993 5 beds 2 baths ∙ 2,702 Sqft ∙ Built 1993
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.78
    •  
  • 9700 Quail Springs Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 1992
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.81
    •  
  • 1812 Tropical Breeze Drive Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,523 Sqft ∙ Built 1994
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.85
    •  
  • 2000 Scenic Sunrise Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,702 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,702 Sqft ∙ Built 1994
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.81
    •  
PROPERTY LISTING DETAILS
Coco Zhang
1.702.358.7878
Image Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223689
Last Updated: 08/21/2020
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