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9630 Wildflower Vista Avenue Las Vegas, NV 89166

4 Beds 4 Baths 3,235 sqft Built 2017

$590,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $182.38
  • 7 Days on Market
  • MLS # : 2262641
  • Updated Date : 01/20/2021 at 17:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,235 sqft
  • Baths : 3 full , 1 half
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Welcome to this Sensational 3235 sq. ft. Sky Canyon beauty. Newer home (built in 2017) is move-in ready with 4 bdr. 3.5 ba. in gated community, spacious primary bedroom has roomy bathroom with extra large bathtub & shower, separate double sinks with marble countertops, a huge walk-in closet, and full balcony with mountain top views! Other features include: high ceilings in dramatic greatroom, modern quartz island in spacious kitchen, cozy breakfast nook, a surplus of deep soft close cabinets, custom tile flooring, deep stainless steel sink and SS appliances (extra nice), storage and mudroom at garage entry, sliding glass doors to interior courtyard and rear yard. Exterior features: pavers in front driveway, on rear covered patio and courtyard, also very low maintenance landscaping. Sky Canyon community has walking trails, pool, spa, fitness center, and many community activities. Wow, way better than new, what are you waiting for?! Call your agent now to schedule your private viewing.

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: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Kenneth Divich Elementary Primary Unknown NA
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Arbor View High School High Regular 2,878 116 9

Kenneth Divich Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Arbor View High School

  • Education Level: High
  • # of students: 2,878
  • # of teachers: 116
9
GreatSchools Rating
 

$531,000$649,000$590,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$2,049
Property Tax -$440
Property Insurance -$90
Property Management Fees -$119
CASH FLOW
-$228

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.

$590,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$162,100

INVESTMENT

$162,100

Down Payment
$147,500
Rehab Estimate
$5,750
Closing Costs
$8,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,049

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,500
Loan Amount $442,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$19,906

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,661

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4703$2,5954$2,7005$2,700
$2,700
RENT COMPS ANALYSIS
  • 9630 Wildflower Vista Avenue Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,235 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,235 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.76
    •  
  • 7721 Native Winds Court Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,087 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,087 Sqft ∙ Built 2005
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.78
    •  
  • 8139 Pinetop Crest Street Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.81
    •  
  • 8120 Pinetop Crest Street Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019
    property image
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.85
    •  
  • 8121 Pinetop Crest Street Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.85
    •  
PROPERTY LISTING DETAILS
Christine Ong
1.702.292.9992
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262641
Last Updated: 01/20/2021
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