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9705 Windom Point Avenue Las Vegas, NV 89129

4 Beds 2 Baths 2,924 sqft Built 1998

$480,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $164.16
  • 2 Days on Market
  • MLS # : 2269955
  • Updated Date : 02/13/2021 at 18:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,924 sqft
  • Baths : 2 full
Listing Agent

King Realty Group

Listing Agent's Description

A must see! Wonderful 2 story home in NW. 4 bedrooms plus giant upstairs loft. POOL with covered patio. Downstairs bedroom and downstairs bath. Close proximity to multiple parks and hiking trails. Mountain views. Easy access to 215 and I95. 7 miles to Downtown Summerlin. 3 car garage and RV parking. No HOA. Dont let this opportunity pass you by!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k326k

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

Neighborhood: Lone Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10701616

* 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
Edith Garehime Elementary School Primary Regular 631 32 7
Justice M E Leavitt Middle School Middle Regular 1,496 64 NA
Centennial High School High Regular 3,055 124 6

Edith Garehime Elementary School

  • Education Level: Primary
  • # of students: 631
  • # of teachers: 32
7
GreatSchools Rating

Justice M E Leavitt Middle School

  • Education Level: Middle
  • # of students: 1,496
  • # of teachers: 64
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$432,000$528,000$480,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,667
Property Tax -$336
Property Insurance -$84
Property Management Fees -$119
CASH FLOW
$24

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.

$480,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.3%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$32,608

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,266

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2303$2,2504$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 9705 Windom Point Avenue Las Vegas, NV 2
    • 4 beds 2 baths ∙ 2,924 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,924 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.76
    •  
  • 9510 Desert Crest Court #0 Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,654 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,654 Sqft ∙ Built 1992
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
  • 3517 Kilbarry Court Las Vegas, NV 3
    • 5 beds 4 baths ∙ 2,970 Sqft ∙ Built 1995 5 beds 4 baths ∙ 2,970 Sqft ∙ Built 1995
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.76
    •  
  • 3925 Larkcrest Street Las Vegas, NV 4
    • 4 beds 2 baths ∙ 3,215 Sqft ∙ Built 1999 4 beds 2 baths ∙ 3,215 Sqft ∙ Built 1999
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.75
    •  
  • 10413 Holloway Heights Avenue Las Vegas, NV 5
    • 5 beds 3 baths ∙ 3,168 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,168 Sqft ∙ Built 2003
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
PROPERTY LISTING DETAILS
Jonathan A Wells
1.702.418.2408
King Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269955
Last Updated: 02/13/2021
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