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9710 Silver Dew Street Las Vegas, NV 89183

5 Beds 2 Baths 2,259 sqft Built 1998

$459,990

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $203.63
  • 6 Days on Market
  • MLS # : 2243368
  • Updated Date : 11/01/2020 at 07:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,259 sqft
  • Baths : 2 full
Listing Agent

Urban Nest Realty

Listing Agent's Description

FORMER MODEL HOME*ENTER TO A FORMAL LIVING ROOM WITH A 3-SIDED FIREPLACE AND VAULTED CEILING*ENTERTAIN DINNERS IN THE FORAL DINNING AREA*CREATE MEALS IN THE KITCHEN THAT HASGRANITE COUNTERS/ISLAND/REFRIGERATOR/BREAKFAST NOOK WITH POT SHELVES IN THE KITCHEN*ENJOY LISTENING TO THE SURROUND SOUND WHILE RELAXING IN THE FAMILY ROOM*OR RELAX IN THE BEAUTIFUL POOL AND SPA COMBINATION WHILE LISTENING TO THE WATERALL*HUNGRY? GRILL OUTSIDE AND RELAX WHILE SITTING AT THE BUILT IN BAR*PLAY GAMES AND ENTERTAIN MANY OUT IN THE 2 STORY CASITA WITH AC*WASHER AND DRYER TO STAY IN THE DOWNSTAIRS LAUNDRY ROOM*UPSTAIRS AC UNIT IS ABOUT A YEAR OLD*FRESHLY CLEANED CARPETS*MUST SEE THIS HIDDEN GEM*

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k305k

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

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
Roger Gehring Elementary School Primary Regular 676 39 9
Charles Silvestri Junior High School Middle Regular 1,748 68 NA
Liberty High School High Regular 2,496 105 5

Roger Gehring Elementary School

  • Education Level: Primary
  • # of students: 676
  • # of teachers: 39
9
GreatSchools Rating

Charles Silvestri Junior High School

  • Education Level: Middle
  • # of students: 1,748
  • # of teachers: 68
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$413,991$505,989$459,990

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,697
Property Tax -$293
Property Insurance -$71
Property Management Fees -$119
CASH FLOW
$0

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.

$459,990

PROJECTED PRICE

$2,180

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
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$127,647

INVESTMENT

$127,647

Down Payment
$114,998
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,998
Loan Amount $344,993
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$36,401

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,858

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7953$1,8954$1,9005$2,180
$2,180
RENT COMPS ANALYSIS
  • 9710 Silver Dew Street Las Vegas, NV 5
    • 5 beds 2 baths ∙ 2,259 Sqft ∙ Built 1998 5 beds 2 baths ∙ 2,259 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.97
    •  
  • 9733 Silver Dusk Court #0 Las Vegas, NV 1
    • 5 beds 2 baths ∙ 2,259 Sqft ∙ Built 1999 5 beds 2 baths ∙ 2,259 Sqft ∙ Built 1999
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.76
    •  
  • 1452 Echo Falls Avenue #0 Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 2000
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.79
    •  
  • 10172 Grants Arbor Road Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 2001
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.86
    •  
  • 1974 Moon Cactus Avenue Las Vegas, NV 4
    • 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,156 Sqft ∙ Built 1997
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
PROPERTY LISTING DETAILS
Kristin L Wolf
1.702.321.7894
Urban Nest Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243368
Last Updated: 11/01/2020
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