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9621 Camden Hills Avenue Las Vegas, NV 89145

4 Beds 4 Baths 3,681 sqft Built 1998

$889,000

List Price

$3,520

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $241.51
  • 6 Days on Market
  • MLS # : 2272430
  • Updated Date : 02/24/2021 at 01:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,681 sqft
  • Baths : 3 full , 1 half
Listing Agent

Vegas One Realty

Listing Agent's Description

Excellent Location, Close to DTS, Tivoli, Red Rock and lots of shopping cafes. Close to many private schools, highly rated Summerlin School zones. New Roof, New Water Heater, New Carpet, Granite in kitchen. Master bedroom has separate entrance downstairs, lighted crown molding, Fresh Paint. Family Room has surround sound. Entertainer's backyard, Fireplace, Pool/ Spa. Small fence for pets or children. Come and add your finishing touches. Each bedroom has mounted TV's. Buyer to verify sqft and due diligence. Home is currently a 4 bedroom but can easily be used as a 6 bedroom house. Large family home with Guard Gated community. Low maintenance yard with lots of trees, foliage and some grass. 3 car garage lots of cabinets and storage 2 bays can easily fit Extended SUV.

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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: Queensridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $119k742k

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

Neighborhood: Queensridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10763408

* 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
 

$800,100$977,900$889,000

PURCHASE PRICE

$3,168$3,872$3,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,520
EXPENSES Loan Payment -$3,088
Property Tax -$561
Property Insurance -$98
Property Management Fees -$119
CASH FLOW
-$346

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.

$889,000

PROJECTED PRICE

$3,520

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) -8.9%
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-$10k$0.0$10k$20k$30k

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$241,335

INVESTMENT

$241,335

Down Payment
$222,250
Rehab Estimate
$5,750
Closing Costs
$13,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,088

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $222,250
Loan Amount $666,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$30,636

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,520

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $3,525

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,898
1$2,8982$3,2003$3,5004$3,5205$3,700
$3,700
RENT COMPS ANALYSIS
  • 9621 Camden Hills Avenue Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,681 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,681 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $3,520
    • $0.96
    •  
  • 1405 Palantine Hill Drive Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,504 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,504 Sqft ∙ Built 1996
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,898
    • $0.83
    •  
  • 9520 Chalgrove Village Avenue Las Vegas, NV 2
    • 4 beds 2 baths ∙ 3,417 Sqft ∙ Built 2001 4 beds 2 baths ∙ 3,417 Sqft ∙ Built 2001
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.94
    •  
  • 9725 Gavin Stone Avenue Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,425 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,425 Sqft ∙ Built 1997
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.02
    •  
  • 1529 Willowbark Court Las Vegas, NV 5
    • 4 beds 3 baths ∙ 3,544 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,544 Sqft ∙ Built 1993
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.04
    •  
PROPERTY LISTING DETAILS
Sylvia L Ferenczik- Federi
1.702.321.8669
Vegas One Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2272430
Last Updated: 02/24/2021
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