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9544 World Cup Drive Las Vegas, NV 89117

3 Beds 3 Baths 1,936 sqft Built 1990

$409,999

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $211.78
  • 5 Days on Market
  • MLS # : 2243182
  • Updated Date : 11/02/2020 at 18:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,936 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Vip

Listing Agent's Description

THIS HOME IS A MUST SEE!! Almost 2,000 sq foot in the Greens in Peccole Ranch Community. This 2 story home features 3 bedroom, 2.5 bathroom, open floor plan, separate living, dining and family rooms, spacious kitchen with quartz counters, stainless steel appliances, island & eating area, fireplace in the family room, all tile flooring downstairs. Upstairs, the master suite has a sitting room with wet bar and 2 large secondary bedrooms. Relax in the backyard patio & sun yourself in the sparkling pool & spa. No neighbors behind, because the home backs onto the Peccole Ranch Greenbelt Paseos* AC unit is less than a year old!

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: 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
 

$368,999$450,999$409,999

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,513
Property Tax -$242
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
-$138

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.

$409,999

PROJECTED PRICE

$1,800

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.9%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,499
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$20,623

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
  • $0.93

    LIST RENT PER SQFT
  • $1,825

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,7954$1,8005$1,890
$1,890
RENT COMPS ANALYSIS
  • 9544 World Cup Drive Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.93
    •  
  • 1520 Imperial Cup Drive Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,820 Sqft ∙ Built 1990
    property image
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 1608 Country Hollow Drive Las Vegas, NV 2
    • 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 1991
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 1821 Winners Cup Drive Las Vegas, NV 3
    • 3 beds 5 baths ∙ 1,936 Sqft ∙ Built 1990 3 beds 5 baths ∙ 1,936 Sqft ∙ Built 1990
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.93
    •  
  • 9577 Gold Cup Circle Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 1990
    property image
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.98
    •  
PROPERTY LISTING DETAILS
Brian F Burrows
1.702.449.4424
Keller Williams Vip
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243182
Last Updated: 11/02/2020
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