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9721 Hawk Cliff Avenue Las Vegas, NV 89148

4 Beds 3 Baths 3,178 sqft Built 2003

$525,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $165.20
  • 15 Days on Market
  • MLS # : 2270246
  • Updated Date : 02/26/2021 at 13:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,178 sqft
  • Baths : 3 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Beautiful Home In SW Area No HOA. Open Concept Fully Upgraded Home, Kitchen with Three Ovens, Wine Fridge,Quartz Counter Tops Stainless Steal Appliances New Cabinets, Stove Hood, New Flooring,New Paint. 4 Bedrooms Huge Master walk in closet 3 full Baths Huge Family Room. Close to 215 & Shopping Extended Side Drive Way, 2nd Floor Balcony, 8 Security Cameras, Security Gate Front Door Entry Huge Back yard with 3 Quick Plugs Ins for Gas Line for Grill or Fire Pits in Yard. Please come by to one of these Open Houses 03/03/21 2pm-5pm, Open House 03/05/21 2pm-5pm, Open House 03/06/21 9am-12pm Open House 03/07/21 11am-3pm

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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: Southern Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k329k

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

Neighborhood: Southern Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9691735

* 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
Shelley Berkley Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Shelley Berkley Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,824
Property Tax -$320
Property Insurance -$89
Property Management Fees -$119
CASH FLOW
-$301

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.

$525,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.4%
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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$11,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,090

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$2,0504$2,2005$2,400
$2,400
RENT COMPS ANALYSIS
  • 9721 Hawk Cliff Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,178 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,178 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.65
    •  
  • 9609 Rolling Thunder Avenue Las Vegas, NV 1
    • 4 beds 3 baths ∙ 3,178 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,178 Sqft ∙ Built 2005
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.60
    •  
  • 9651 Hawk Cliff Avenue Las Vegas, NV 2
    • 4 beds 2 baths ∙ 3,178 Sqft ∙ Built 2003 4 beds 2 baths ∙ 3,178 Sqft ∙ Built 2003
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.61
    •  
  • 9566 Rolling Thunder Avenue #9566 Las Vegas, NV 4
    • 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2005
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.68
    •  
  • 9661 Grouse Grove Avenue Las Vegas, NV 5
    • 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,223 Sqft ∙ Built 2003
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.74
    •  
PROPERTY LISTING DETAILS
Joseph P Hewitt
1.702.810.7233
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2270246
Last Updated: 02/26/2021
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