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9584 Delivery Avenue Las Vegas, NV 89148

3 Beds 2 Baths 2,144 sqft Built 2003

$349,800

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $163.15
  • 2 Days on Market
  • MLS # : 2248396
  • Updated Date : 11/14/2020 at 22:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,144 sqft
  • Baths : 2 full
Listing Agent

City Villa Realty & Management

Listing Agent's Description

Beautiful home in Southern Terrace, Southwest Area, Community has Clubhouse, POOLS, Spa, GYM, Playground. Easy access to highway, convenient location close to shopping. Home features: 3 bedrooms, 3 bathrooms, den (4th bedroom), Bedroom/den & shower downstairs. master bedroom has separate sitting area, Open floor plan. Large open loft. No Carpets, breakfast bar, fireplace, custom wood shutters, whole house Laminated flooring was installed on 2016, ceiling fans, back yard with covered patio, fully landscaped, etc. HOA also includes roaming security.

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
Kathy L. Batterman Elementary School Primary Regular 910 47 9
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Sierra Vista High School High Regular 2,396 88 4

Kathy L. Batterman Elementary School

  • Education Level: Primary
  • # of students: 910
  • # of teachers: 47
9
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$314,820$384,780$349,800

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,291
Property Tax -$227
Property Insurance -$69
Property Management Fees -$119
CASH FLOW
$24

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.

$349,800

PROJECTED PRICE

$1,730

PROJECTED RENT

0.49%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,447

INVESTMENT

$98,447

Down Payment
$87,450
Rehab Estimate
$5,750
Closing Costs
$5,247

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,450
Loan Amount $262,350
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$30,075

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,780

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6993$1,7004$1,7305$1,810
$1,810
RENT COMPS ANALYSIS
  • 9584 Delivery Avenue Las Vegas, NV 4
    • 3 beds 2 baths ∙ 2,144 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,144 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.81
    •  
  • 6055 Mild Wind Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,952 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,952 Sqft ∙ Built 2003
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.74
    •  
  • 9574 Knotweed Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,144 Sqft ∙ Built 2003
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.79
    •  
  • 6128 Yucca Fields Court Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 2004
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
  • 6054 Mild Wind Street Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,964 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,964 Sqft ∙ Built 2003
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.92
    •  
PROPERTY LISTING DETAILS
Xiaohong Li
1.702.769.6638
City Villa Realty & Management
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248396
Last Updated: 11/14/2020
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