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9706 Crestline Heights Court Las Vegas, NV 89178

4 Beds 4 Baths 3,417 sqft Built 2006

$597,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $174.71
  • 3 Days on Market
  • MLS # : 2278219
  • Updated Date : 03/13/2021 at 19:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,417 sqft
  • Baths : 3 full , 1 half
Listing Agent

Las Vegas Valley Realty, Inc

Listing Agent's Description

*** MODEL HOME FOR THE SUBDIVISION WITH ADDITIONAL UPGRADES *** EXTREMELY LARGE CUSTOM POOL WITH 10 PERSON INFINITY EDGE SPA WITH WATERFALL ON CULDASAC WITH ONE OF THE LARGEST LOTS IN SUBDIVISION *** DOWNSTAIRS PRIMARY BEDROOM WALK IN CLOSET CUSTOM BUILT INS / REAL WOOD FLOORS, TRAVERTINE ENTRY AND HIGH END CARPET / INCREDIBLE HIGH DRAMTIC CEILINGS HUGE OPEN KITCHEN CUSTOM CABINETS LARGE ISLAND, STAINLESS STEELE APPLIANCES, BUTLERS QUARTERS CONNECTED TO KITCHEN / NEWER AIRCONDITIONER, WATER SOFTNER, NEWER WATER HEATER / DOWNSTAIRS BONUS ROOM COULD BE 5TH BEDROOM / BUILT IN BBQ / SHED / PLENTY OF BACKYARD SPACE FOR YOUR IMAGINATION *** TRULY IS A SPECIAL PROPERTY ***

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: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Mountain Edge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10391875

* 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
William V. Wright Elementary School Primary Regular 1,256 62 8
Lawrence And Heidi Canarelli Middle School Middle Regular 1,802 70 NA
Desert Oasis High School High Regular 2,417 102 5

William V. Wright Elementary School

  • Education Level: Primary
  • # of students: 1,256
  • # of teachers: 62
8
GreatSchools Rating

Lawrence And Heidi Canarelli Middle School

  • Education Level: Middle
  • # of students: 1,802
  • # of teachers: 70
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$537,300$656,700$597,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,074
Property Tax -$496
Property Insurance -$93
Property Management Fees -$119
CASH FLOW
$68

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.

$597,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.4%
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$0.0$5.0k$10k$15k$20k$25k$30k

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$163,955

INVESTMENT

$163,955

Down Payment
$149,250
Rehab Estimate
$5,750
Closing Costs
$8,955

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,074

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,250
Loan Amount $447,750
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$44,265

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,289

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1503$2,2254$2,5955$2,850
$2,850
RENT COMPS ANALYSIS
  • 9706 Crestline Heights Court Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,417 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,417 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.83
    •  
  • 9777 Maspalomas Street Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,132 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,132 Sqft ∙ Built 2007
    property image
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.64
    •  
  • 8483 Elche Court Las Vegas, NV 2
    • 4 beds 3 baths ∙ 3,496 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,496 Sqft ∙ Built 2006
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.61
    •  
  • 8454 Benidorm Las Vegas, NV 3
    • 4 beds 2 baths ∙ 3,496 Sqft ∙ Built 2006 4 beds 2 baths ∙ 3,496 Sqft ∙ Built 2006
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $0.64
    •  
  • 8568 Garden Valley Court Las Vegas, NV 4
    • 4 beds 3 baths ∙ 3,293 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,293 Sqft ∙ Built 2007
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.79
    •  
PROPERTY LISTING DETAILS
David T Lee
1.702.375.7776
Las Vegas Valley Realty, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2278219
Last Updated: 03/13/2021
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