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9757 Northern Dancer Drive Las Vegas, NV 89117

3 Beds 3 Baths 2,016 sqft Built 1997

$365,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $181.05
  • 5 Days on Market
  • MLS # : 2255902
  • Updated Date : 12/19/2020 at 13:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,016 sqft
  • Baths : 2 full , 1 half
Listing Agent

All Vegas Properties

Listing Agent's Description

Prime SW location within Peccole Ranch Master Plan, offers ample of neighborhood green belts and parks. (Please click 3D tour to view). Just minutes to Down Town Summerlin, Sahara Library & The Lakes. Per Owner tax record did not show additional 242 square foot living space builder upgrades, makes it total square footage approx. 2259. Home is within a secure gated community with large community park. 3 bedroom 2.5 bath and attached 2 car garage, Front living room with high ceiling, laminated wood flooring thru out downstairs, custom modern kitchen, granite stone counter top, large eat in island, adjacent to breakfast nook and a formal family room, cozy fireplace. Additional living space behind the kitchen can easily convert to another bedroom. 3 bedroom and a bright & airy loft upstairs. Separate tub and shower in master bathroom. Appliances to be covey in as is condition. Great outdoor living, private back yard with covered patio. Home is ready for quick closing.

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,347
Property Tax -$249
Property Insurance -$66
Property Management Fees -$119
CASH FLOW
-$31

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.

$365,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.48%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$26,183

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,935

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,8004$1,8885$1,890
$1,890
RENT COMPS ANALYSIS
  • 9757 Northern Dancer Drive Las Vegas, NV 2
    • 3 beds 3 baths ∙ 2,016 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,016 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 1800 Warrenville Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 1998
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
  • 9724 Edifice Avenue Las Vegas, NV 3
    • 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
    •  
  • 1700 Havercamp Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1997
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,888
    • $0.97
    •  
  • 9740 Ravine Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 1998
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.97
    •  
PROPERTY LISTING DETAILS
Zoie S Chu
1.702.247.8738
All Vegas Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2255902
Last Updated: 12/19/2020
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