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9695 Skye Star Avenue Las Vegas, NV 89166

4 Beds 4 Baths 3,570 sqft Built 2017

$699,995

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $196.08
  • 8 Days on Market
  • MLS # : 2257830
  • Updated Date : 01/03/2021 at 03:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,570 sqft
  • Baths : 3 full , 1 half
Listing Agent

Elite Home Finders

Listing Agent's Description

Beautifully upgraded Skye Canyon home w/ 3 car garage & Pool/Spa. Large open-concept living at its finest w/ vaulted ceilings and upgraded wood plank tile flooring. This versatile home accommodates downstairs multi-gen living or a generous guest room en suite. Gourmet Kitchen w/ Quartz countertops, 42" white shaker cabinets, Center Island that seats 4 & single basin sink. Equipped w/ SS GE Monogram appliances, 42" built in refrigerator, 5 burner cooktop, 2nd Advantium oven & wine fridge. Soiree in style by opening your THREE stacking slider doors to create the ultimate indoor/outdoor entertaining space! Play in the quartzite pool, jump on the trampoline or relax in the oversized Negative Edge Spa. Primary Bathroom features a dual-person walk-in designer shower. Added luxuries include Balcony at Loft, 8' doors, built-in cov'd patio, Laundry Rm cabinetry, xtra large bedrooms, WICs, CAT6 networking, lots of storage & an epic loft with floating cabinets. No SIDS. This home is a MUST SEE!

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
 

$629,996$769,995$699,995

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$2,583
Property Tax -$563
Property Insurance -$96
Property Management Fees -$119
CASH FLOW
-$851

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.

$699,995

PROJECTED PRICE

$2,510

PROJECTED RENT

0.36%

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$2.5M

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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,249

INVESTMENT

$191,249

Down Payment
$174,999
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,999
Loan Amount $524,996
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,511

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,686

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,510
1$2,5102$2,6003$2,6454$2,7955$2,800
$2,800
RENT COMPS ANALYSIS
  • 9695 Skye Star Avenue Las Vegas, NV 1
    • 4 beds 4 baths ∙ 3,570 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,570 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $0.70
    •  
  • 7936 Farralon Ridge Court Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,487 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,487 Sqft ∙ Built 2005
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.75
    •  
  • 9961 Madison Walk Avenue Las Vegas, NV 3
    • 5 beds 5 baths ∙ 3,730 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,730 Sqft ∙ Built 2005
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,645
    • $0.71
    •  
  • 9616 University Ridge Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,485 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,485 Sqft ∙ Built 2015
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.80
    •  
  • 7901 Farralon Ridge Court Las Vegas, NV 5
    • 5 beds 4 baths ∙ 3,730 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,730 Sqft ∙ Built 2005
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.75
    •  
PROPERTY LISTING DETAILS
Shauna R Gut
1.702.785.4255
Elite Home Finders
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257830
Last Updated: 01/03/2021
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