Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9675 Skye Cliff Avenue Las Vegas, NV 89166

4 Beds 3 Baths 2,822 sqft Built 2017

$678,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $240.26
  • 3 Days on Market
  • MLS # : 2255162
  • Updated Date : 12/12/2020 at 14:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,822 sqft
  • Baths : 3 full
Listing Agent

Vegas One Realty

Listing Agent's Description

Spacious beautiful home~ open floor plan~ Kitchen has a huge island for entertaining friends & family~ Stainless steel appliances~ All bedrooms have ceiling fans~ Very nice and cozy Den to hangout and relax in~ Outside you get to enjoy a perfect pool and open backyard~ Covered Patio big enough for all your entertaining and BBQ's~ This listing will not be around long so make your appointment now to head over and see it in person!!!! ~

SEE MORE

MARKET HIGHLIGHTS

  • 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: 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
 

$610,200$745,800$678,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$2,502
Property Tax -$482
Property Insurance -$82
Property Management Fees -$119
CASH FLOW
-$784

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.

$678,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.35%

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$185,420

INVESTMENT

$185,420

Down Payment
$169,500
Rehab Estimate
$5,750
Closing Costs
$10,170

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,502

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $169,500
Loan Amount $508,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,358

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,166

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$2,1503$2,1954$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 9675 Skye Cliff Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,822 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.85
    •  
  • 9141 Hines Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,642 Sqft ∙ Built 2004
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.71
    •  
  • 10007 Desert Bighorn Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,794 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,794 Sqft ∙ Built 2019
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.77
    •  
  • 9613 Sienna Valley Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,853 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,853 Sqft ∙ Built 2007
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.77
    •  
  • 10019 Rams Leap Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,794 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,794 Sqft ∙ Built 2018
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.82
    •  
PROPERTY LISTING DETAILS
Alyssa A Ginoulias
1.702.379.2218
Vegas One Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255162
Last Updated: 12/12/2020
BESbswy