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9716 Standard Avenue Las Vegas, NV 89129

4 Beds 3 Baths 2,544 sqft Built 1996

$499,990

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $196.54
  • 3 Days on Market
  • MLS # : 2264109
  • Updated Date : 01/30/2021 at 03:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,544 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Beautiful single story 4 bedroom home w/ stunning steel wrought iron entry gate & 3 car garage that features new insulated doors sitting on a large lot! Walk through the double energy efficient front doors to custom hardwood flooring, 5 inch wall base, upgraded dual glazed low E double hung windows, heavy duty dual glazed low E glass sliding doors & NEW tile in all bathrooms! Spacious family room features ceiling fan/light. Kitchen boasts breakfast counter, recessed lighting, & plenty of counter & cabinet space! Dining room off the kitchen w/ ceiling fan/light & access to the private backyard that features large covered patio w/ ceiling fans, huge yard space perfect for outdoor entertainment & gated gas heated self cleaning pool w/ upgraded energy efficient pumps & 25 ft electric roll up awning! 4 bedrooms all feature ceiling fans & custom built closet organizers. Cozy master bedroom w/ walk in closet & master bath w/ double sinks, makeup table, & separate shower & tub.*GUN SAFE STAYS*

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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: 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
 

$449,991$549,989$499,990

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,737
Property Tax -$347
Property Insurance -$76
Property Management Fees -$119
CASH FLOW
-$89

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.

$499,990

PROJECTED PRICE

$2,190

PROJECTED RENT

0.44%

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-$5.0k$0.0$5.0k$10k$15k$20k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,247

INVESTMENT

$138,247

Down Payment
$124,998
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,998
Loan Amount $374,993
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$24,341

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,870

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7503$1,7954$1,8005$2,190
$2,190
RENT COMPS ANALYSIS
  • 9716 Standard Avenue Las Vegas, NV 5
    • 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.86
    •  
  • 10109 Farmington Hall Las Vegas, NV 1
    • 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 2007
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.72
    •  
  • 3737 Ocean Waters Street Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1999
    property image
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 9412 Warm Waters Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1999
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.76
    •  
  • 9628 Towngate Las Vegas, NV 4
    • 3 beds 3 baths ∙ 2,515 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,515 Sqft ∙ Built 1995
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.72
    •  
PROPERTY LISTING DETAILS
Aaron Taylor
1.702.310.6683
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264109
Last Updated: 01/30/2021
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