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9534 Bella Citta Street Las Vegas, NV 89178

5 Beds 3 Baths 3,507 sqft Built 2006

$750,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $213.86
  • 4 Days on Market
  • MLS # : 2272163
  • Updated Date : 02/27/2021 at 21:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,507 sqft
  • Baths : 3 full
Listing Agent

Luxe Estates & Lifestyles Llc

Listing Agent's Description

This IMMACULATE single story home is gated, clean and ready! This boasts a very open floorplan with vaulted ceilings, butler's pantry, crown molding, 5 bedrooms, 3 car garage, covered patio, custom closets, big energy saving solar, plush backyard and so much more!

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: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10391875

* 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
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Desert Oasis High School High Regular 2,417 102 5

William V. Wright Elementary School

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

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$2,605
Property Tax -$509
Property Insurance -$95
Property Management Fees -$119
CASH FLOW
-$849

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.

$750,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.33%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,606

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,481

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3953$2,4004$2,4805$2,600
$2,600
RENT COMPS ANALYSIS
  • 9534 Bella Citta Street Las Vegas, NV 4
    • 5 beds 3 baths ∙ 3,507 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,507 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.71
    •  
  • 7253 Almerta Avenue Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,238 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,238 Sqft ∙ Built 2007
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.69
    •  
  • 9516 Dawn Heights Court Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.66
    •  
  • 10450 Val Piora Street Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,164 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,164 Sqft ∙ Built 2010
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
  • 9545 Stonily Lane Las Vegas, NV 5
    • 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.72
    •  
PROPERTY LISTING DETAILS
Patricia Georges
1.702.900.7305
Luxe Estates & Lifestyles Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2272163
Last Updated: 02/27/2021
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