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9542 Ridgeglen Court Las Vegas, NV 89148

4 Beds 2 Baths 2,275 sqft Built 2016

$439,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $192.97
  • 2 Days on Market
  • MLS # : 2276229
  • Updated Date : 03/07/2021 at 01:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,275 sqft
  • Baths : 2 full
Listing Agent

Re/max Advantage

Listing Agent's Description

WOW!! This is better than a new home!! This Highly Upgraded Pool home sits in a cul-de-sac W/extra long paver stone driveway!! Spacious kitchen W/Quartz Counters, 42" cabinetry & pull out trays, Stainless Steel Appliances complete W/ a shiny Refrigerator Reverse Osmosis at sink, Upgraded Lighting, Lg. Island & Pantry. Porcelain wood look tile floors on all the main areas on the first level, Bed & 3/4 bath on the first level, Lg. under stair storage area. Upgraded Roman shades & shutters on windows. Upstairs has 3 additional bedrooms + an office (Office has privacy door, can easily be a 5th bedroom by adding a free standing closet) Bedrooms are all roomy!! Lg. Laundry Room upstairs W/ additional storage. Primary bedroom has beautiful mountain view, 2 walk in closets & the most amazing walk in shower W/ a wet deck! Quartz counters W/ Dbl. vanities. Fantastic yard W/ pool & spa, stamped concrete, Patio cover, no homes directly behind! Garage racks & water softener, Impeccably maintained

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Southern Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k329k

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

Neighborhood: Southern Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9691735

* 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
Shelley Berkley Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Shelley Berkley Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$395,100$482,900$439,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,525
Property Tax -$328
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
$47

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.

$439,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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$1.4M$1.6M$1.8M

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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,525

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$32,002

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,814

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,9503$1,9954$2,0005$2,090
$2,090
RENT COMPS ANALYSIS
  • 9542 Ridgeglen Court Las Vegas, NV 5
    • 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.92
    •  
  • 9585 Lofty Vista Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,382 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,382 Sqft ∙ Built 2014
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.69
    •  
  • 9534 Ridgeglen Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 2016
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.82
    •  
  • 9527 Ridgeglen Court Las Vegas, NV 3
    • 4 beds 2 baths ∙ 2,383 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,383 Sqft ∙ Built 2016
    property image
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.84
    •  
  • 9579 Lofty Vista Avenue Las Vegas, NV 4
    • 4 beds 2 baths ∙ 2,383 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,383 Sqft ∙ Built 2014
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
PROPERTY LISTING DETAILS
Tracy A Drown
1.702.245.9341
Re/max Advantage
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2276229
Last Updated: 03/07/2021
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