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9600 Canyon Mesa Drive Las Vegas, NV 89144

3 Beds 2 Baths 2,516 sqft Built 2001

$815,000

List Price

$2,710

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $323.93
  • 2 Days on Market
  • MLS # : 2278446
  • Updated Date : 03/13/2021 at 18:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,516 sqft
  • Baths : 2 full
Listing Agent

Homesmart Encore

Listing Agent's Description

Luxury Living!!! Stunning Home in Canyon Terrace Gated Community off Tournament Players Club (TPC) Golf Course* Enter into Casual Elegance with a Wall of Windows Facing West, providing a Flood of Natural light Year Round, overlooking Your Own *Private Zen Paradise with Well Appointed and Mature Landscaped Yard on 1/3 acre+ Cul-De-Sac lot with Pool/Spa ( Fountains, Shear Descents, Bubblers) Spacious Covered Patio (40 x 15) with cable access, Real Live Grass and Lemon, Apple, Pom Fruit Trees off Breakfast patio*One Level home/ 3 Bed/ 2 bath/ 3 Car w/workshop & storage cabinets/ *Laundry and more storage!/Craft Room*Floors/Paint/Stone/Window Coverings One Year Old* 2 bed room w/ On-Suite Baths*Large Mater walk-in closet with built -ins*Gourmet Granite Eat-in Kitchen/ built in refrigerator/Wine rack/Appliance Garage/Walk in Pantry/Island/Breakfast Bar*Feature Fireplace*Can Be sold Fully Furnished* A Picture is worth a 1000 Words, and this is a Beautiful Picture*

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: Canyon Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900k1000kPrice in $119k1065k

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

Neighborhood: Canyon Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $10764887

* 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
John W. Bonner Elementary School Primary Regular 859 47 10
Sig Rogich Middle School Middle Regular 1,845 70 NA
Palo Verde High School High Regular 3,024 114 9

John W. Bonner Elementary School

  • Education Level: Primary
  • # of students: 859
  • # of teachers: 47
10
GreatSchools Rating

Sig Rogich Middle School

  • Education Level: Middle
  • # of students: 1,845
  • # of teachers: 70
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$733,500$896,500$815,000

PURCHASE PRICE

$2,439$2,981$2,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,710
EXPENSES Loan Payment -$2,831
Property Tax -$507
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$823

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.

$815,000

PROJECTED PRICE

$2,710

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.75%
Appreciation Year (1-5) 8.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.56%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$221,725

INVESTMENT

$221,725

Down Payment
$203,750
Rehab Estimate
$5,750
Closing Costs
$12,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,831

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $203,750
Loan Amount $611,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,814

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,710

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,988

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,0504$2,0505$2,710
$2,710
RENT COMPS ANALYSIS
  • 9600 Canyon Mesa Drive Las Vegas, NV 5
    • 3 beds 2 baths ∙ 2,516 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,516 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,710
    • $1.08
    •  
  • 9236 Worsley Park Place Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2005
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 9240 Whitekirk Place Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2006
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 9228 Whitekirk Place Las Vegas, NV 3
    • 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,535 Sqft ∙ Built 2006
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.81
    •  
  • 9221 Worsley Park Place #n/a Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,674 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,674 Sqft ∙ Built 2005
    property image
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.77
    •  
PROPERTY LISTING DETAILS
Goran Krkic
1.702.501.5231
Homesmart Encore
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2278446
Last Updated: 03/13/2021
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