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9591 Bella Citta Street Las Vegas, NV 89178

6 Beds 3 Baths 3,507 sqft Built 2006

$625,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

$171,375

Investment Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $178.21
  • 8 Days on Market
  • MLS # : 2257256
  • Updated Date : 12/25/2020 at 10:44
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,507 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Market Place

Listing Agent's Description

This luxury 3745 sq ft single story home with Casita is a rare find! 6 Bedrooms! You have to see this breath taking home with its gorgeous great room, and exquisite and spacious gourmet kitchen. There are upgraded raised panel maple cabinetry and large center island. The master bedroom bathroom feels like a spa getaway with its beautiful design. The casita could be used as a great getaway or private sanctuary for guests. Owners have new paint inside and out, newer carpeting, and have meticulously cared for the home. This gorgeous home is located in the lovely Mountains Edge community and is gated. You must see this home.it is sure to not be on the market long.

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MARKET HIGHLIGHTS

Las Vegas Market Report
  • 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
 

FINANCIALS

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$562,500$687,500$625,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$2,306
Property Tax -$478
Property Insurance -$95
Property Management Fees -$119
CASH FLOW
-$488

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.

$625,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.40%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$171,375

INVESTMENT

$171,375

Down Payment		 $156,250
Rehab Estimate		 $5,750
Closing Costs		 $9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$10,383

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT

  • $0.72

    LIST RENT PER SQFT

  • $2,674

    COMP ESTIMATED VALUE

  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,5103$2,6004$2,8505$3,100
$3,100
RENT COMPS ANALYSIS
  • 9591 Bella Citta Street Las Vegas, NV 2
    • 6 beds 3 baths ∙ 3,507 Sqft ∙ Built 2006 6 beds 3 baths ∙ 3,507 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.72
    •  
  • 9516 Dawn Heights Court Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.66
    •  
  • 9545 Stonily Lane Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2007
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.72
    •  
  • 8426 Benicasim Court Las Vegas, NV 4
    • 5 beds 2 baths ∙ 3,495 Sqft ∙ Built 2006 5 beds 2 baths ∙ 3,495 Sqft ∙ Built 2006
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.82
    •  
  • 7876 Sleeping Lily Drive Las Vegas, NV 5
    • 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,628 Sqft ∙ Built 2006
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.85
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Randy Myers
1.702.461.5784
Keller Williams Market Place
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257256
Last Updated: 12/25/2020

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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