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9567 Vega Carpio Avenue Las Vegas, NV 89178

3 Beds 3 Baths 2,236 sqft Built 2013

$350,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $156.53
  • 4 Days on Market
  • MLS # : 2269404
  • Updated Date : 02/13/2021 at 19:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,236 sqft
  • Baths : 2 full , 1 half
Listing Agent

Platinum R.e. Professionals

Listing Agent's Description

Spacious turn key 2 story Southwest home in gated community with pool and spa! 2013 build, fresh paint and flooring throughout. Open floor plan, laminate flooring downstairs, 2 car garage, patio area w/ paverstones. Kitchen features espresso cabinets, granite countertops with breakfast bar and pantry. Laundry room w/ sink, large loft, and ceiling fans in all rooms. Oversized master features huge walk in closet, dual vanities, separate tub and shower.

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: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Enterprise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9981875

* 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
Robert L. Forbuss Elementary School Primary Regular 1,163 56 7
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Robert L. Forbuss Elementary School

  • Education Level: Primary
  • # of students: 1,163
  • # of teachers: 56
7
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,216
Property Tax -$244
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
$30

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.

$350,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.8%
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$0.0$5.0k$10k$15k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$25,627

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,677

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,6003$1,6504$1,6805$1,700
$1,700
RENT COMPS ANALYSIS
  • 9567 Vega Carpio Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.75
    •  
  • 9642 Vega Carpio Avenue #n/a Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2013
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.75
    •  
  • 9558 Vega Carpio Avenue Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2013
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.72
    •  
  • 9607 Vega Carpio Avenue Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2013
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.77
    •  
  • 9590 Vega Carpio Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2013
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.76
    •  
PROPERTY LISTING DETAILS
Sasha Terry
1.702.306.0776
Platinum R.e. Professionals
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269404
Last Updated: 02/13/2021
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