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9733 Northern Dancer Drive Las Vegas, NV 89117

3 Beds 3 Baths 1,693 sqft Built 1997

$389,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $229.77
  • 5 Days on Market
  • MLS # : 2257364
  • Updated Date : 12/23/2020 at 08:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,693 sqft
  • Baths : 2 full , 1 half
Listing Agent

Era Brokers Consolidated

Listing Agent's Description

Super clean & ready to go. All rooms are large & open in this single story home. Great functional floor plan for any lifestyle. Plantation shutters, blinds & ceiling fans through out. Nice sized kitchen, plenty of cabinets & granite counter tops that opens to the family room. Upgraded porcelain tile & stainless steel appliances. The laundry room has a sink, cabinet & shelves. The hall bathroom has been nicely upgraded with a new cabinetry & granite top. The primary bedroom is very nice & relaxing. Primary shower has been updated with butted defused glass & solid surface surround. Low maintenance backyard with a large allumawood covered patio. Secure entry at front door, gated community with interior park. Nestled in the heart of Peccole Ranch with walking trails, paseos & parks. Near great schools, local casino, restaurants, shopping at Down Town Summerlin, freeway access, minutes from Red Rock Canyon, new Las Vegas Aviator baseball stadium and the Vegas Golden Knights main facility!

SEE MORE

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: Peccole Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Peccole Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
D'voree And Hall Ober Elementary School Primary Regular 669 39 8
Walter Johnson Junior High School Middle Regular 1,102 50 NA
Bonanza High School High Regular 2,003 83 3

D'voree And Hall Ober Elementary School

  • Education Level: Primary
  • # of students: 669
  • # of teachers: 39
8
GreatSchools Rating

Walter Johnson Junior High School

  • Education Level: Middle
  • # of students: 1,102
  • # of teachers: 50
NA
GreatSchools Rating

Bonanza High School

  • Education Level: High
  • # of students: 2,003
  • # of teachers: 83
3
GreatSchools Rating
 

$350,100$427,900$389,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,435
Property Tax -$238
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$182

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.

$389,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.9%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$15,374

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,672

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6703$1,7004$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 9733 Northern Dancer Drive Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,693 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,693 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.99
    •  
  • 9761 Derbyhill Circle Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1997
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 1620 Country Hollow Drive Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1991
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.97
    •  
  • 1401 Chaparral Summit Drive #0 Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
  • 9724 Edifice Avenue Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 1998
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
PROPERTY LISTING DETAILS
Douglas R Sawyer
1.702.525.9800
Era Brokers Consolidated
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2257364
Last Updated: 12/23/2020
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