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9652 Grouse Grove Avenue Las Vegas, NV 89148

5 Beds 4 Baths 3,223 sqft Built 2003

$449,900

List Price

$2,010

$1.8K - $2.2K

Rent Est.

$124,974

Investment Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $139.59
  • 3 Days on Market
  • MLS # : 2257759
  • Updated Date : 01/02/2021 at 01:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,223 sqft
  • Baths : 3 full , 1 half
Listing Agent

City Villa Realty & Management

Listing Agent's Description

Convincingly located nearby freeway 215 entrance and only just a mile or 2 away from Walmart super Center and many restaurants and stores, this 5 bedroom southwest beauty features beautiful and durable luxury vinyl planks flooring throughout family room; tiles in kitchen and living room; spacious kitchen equipped with large breakfast island with granite counter-tops, all stainless steel appliances and large pantry. Master bedroom downstairs with 2 walk-in closets and large master bathroom. Upstairs large loft area together with 4 guest bedrooms; Jack and Jill bathroom between a large guest bedroom and another. Big backyard with covered patio designed with easy maintenance.

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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: 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
Shelley Berkley Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Shelley Berkley Elementary School

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

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

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

FINANCIALS

Learn how to read this

$404,910$494,890$449,900

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,660
Property Tax -$310
Property Insurance -$90
Property Management Fees -$119
CASH FLOW
-$168

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.

$449,900

PROJECTED PRICE

$2,010

PROJECTED RENT

0.45%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment		 $112,475
Rehab Estimate		 $5,750
Closing Costs		 $6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$19,751

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT

  • $0.62

    LIST RENT PER SQFT

  • $2,167

    COMP ESTIMATED VALUE

  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0103$2,1004$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 9652 Grouse Grove Avenue Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.62
    •  
  • 9651 Hawk Cliff Avenue Las Vegas, NV 1
    • 4 beds 2 baths ∙ 3,178 Sqft ∙ Built 2003 4 beds 2 baths ∙ 3,178 Sqft ∙ Built 2003
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.61
    •  
  • 9095 Cocowoods Place Las Vegas, NV 3
    • 5 beds 2 baths ∙ 3,057 Sqft ∙ Built 2017 5 beds 2 baths ∙ 3,057 Sqft ∙ Built 2017
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.69
    •  
  • 9566 Rolling Thunder Avenue #9566 Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2005
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.68
    •  
  • 9661 Grouse Grove Avenue Las Vegas, NV 5
    • 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2003
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.71
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Shan H Vangilder
1.702.985.2890
City Villa Realty & Management
BUYER AGENT
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
SOURCE
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257759
Last Updated: 01/02/2021

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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