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9537 Bella Di Mora Street Las Vegas, NV 89178

5 Beds 4 Baths 4,632 sqft Built 2005

$650,000

List Price

$3,310

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $140.33
  • 3 Days on Market
  • MLS # : 2248913
  • Updated Date : 11/21/2020 at 00:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,632 sqft
  • Baths : 4 full
Listing Agent

Redfin

Listing Agent's Description

Spectacular home located in gated community at Mountains Edge. Paver driveway, 3 car garage w/auto chargers. Stacked stone entry to Gated Courtyard which adds patio area for dining Al Fresco. Separate Casita generously apportioned for a bed/living room, kitchen area, private full bath & own a/c. Double Door Entry delivers illumination from two story windows of the formal living room. Pro kitchen has Bistro sized Granite Island w/gas cooktop & SS Venting. An abundance of counters & cabinets, 48” Refrigerator & High-End Electrolux Washer/Dryer Included. Family room & wall to wall windows bringing the outdoors in. Downstairs primary bedroom fit for luxurious pampering w/indulgent spa bath & own a/c for comfort. Dramatic Sweeping Staircase leads to enormous upstairs & flexible rooms to learn, work, play & relax. Enormous loft for a Theatre, Game Room or Gym. 10k in new blinds. Central Vacuum provides easy cleaning. Large private backyard is spacious enough for a pool. Warm neighborhood

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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: 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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,979$3,641$3,310

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,310
EXPENSES Loan Payment -$2,398
Property Tax -$515
Property Insurance -$117
Property Management Fees -$119
CASH FLOW
$161

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.

$650,000

PROJECTED PRICE

$3,310

PROJECTED RENT

0.51%

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$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$68,566

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,310

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $3,304

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$3,3103$3,5004$3,750
$3,750
RENT COMPS ANALYSIS
  • 9537 Bella Di Mora Street Las Vegas, NV 2
    • 5 beds 4 baths ∙ 4,632 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,632 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,310
    • $0.71
    •  
  • 8185 Pavarotti Avenue #n/a Las Vegas, NV 1
    • 5 beds 3 baths ∙ 4,449 Sqft ∙ Built 2006 5 beds 3 baths ∙ 4,449 Sqft ∙ Built 2006
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.57
    •  
  • 9536 Bella Di Mora Street Las Vegas, NV 3
    • 5 beds 3 baths ∙ 4,632 Sqft ∙ Built 2006 5 beds 3 baths ∙ 4,632 Sqft ∙ Built 2006
    property image
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.76
    •  
  • 8393 Bella Famiglia Avenue Las Vegas, NV 4
    • 5 beds 4 baths ∙ 4,632 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,632 Sqft ∙ Built 2006
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $0.81
    •  
PROPERTY LISTING DETAILS
Cheryl A Van Elsis
1.702.612.7777
Redfin
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248913
Last Updated: 11/21/2020
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