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9758 Rock Partridge Court Las Vegas, NV 89149

5 Beds 5 Baths 3,608 sqft Built 2015

$1,250,000

List Price

$3,020

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $346.45
  • 10 Days on Market
  • MLS # : 2262095
  • Updated Date : 01/22/2021 at 01:25
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,608 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Market Place

Listing Agent's Description

*BEAUTIFUL SINGLE STORY HOME LOCATED IN GATED COMMUNITY*BREATHTAKING LANDSCAPING IN FRONT AND REAR*DESERT LANDSCAPING*SECURED ENTRY*4 CAR GARAGE WITH FINISHED INTERIOR*RV PARKING ON SIDE OF HOME THAT IS GATED*IMPRESSIVE FOYER OPENS UP TO FORMAL DINING ROOM*BEAUTIFUL KITCHEN WITH TILE FLOORING, RECESSED LIGHTING, GRANITE COUNTERTOPS, BACKSPLASH, BREAKFAST NOOK/EATING AREA, GARDEN WINDOW, & PANTRY*SPACIOUS MASTER BED WITH TONS OF NATURAL LIGHTING AND WALK IN CLOSET*MASTER BATH WITH DOUBLE SINKS, SEPARATE SHOWING & TUB & MAKEUP TABLE*2ND & 3RD BEDROOMS WITH JACK AND JILL BATHROOM & WALK IN CLOSETS*WASHER AND DRYER WITH CABINETS & SINK*BACKYARD WITH SPARKLING POOL AND SPA*COVERED PATIO WITH TONS OF ROOM FOR ENTERTAINMENT*AMAZING DESERT LANDSCAPING*DETACHED CASITA WITH FAN, FULL BATH AND KITCHEN*

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

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
Kenneth Divich Elementary Primary Unknown NA
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Centennial High School High Regular 3,055 124 6

Kenneth Divich Elementary

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

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$1,125,000$1,375,000$1,250,000

PURCHASE PRICE

$2,718$3,322$3,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,020
EXPENSES Loan Payment -$4,342
Property Tax -$694
Property Insurance -$97
Property Management Fees -$119
CASH FLOW
-$2,231

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.

$1,250,000

PROJECTED PRICE

$3,020

PROJECTED RENT

0.24%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M$4.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$337,000

INVESTMENT

$337,000

Down Payment
$312,500
Rehab Estimate
$5,750
Closing Costs
$18,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$4,342

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $312,500
Loan Amount $937,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$82

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,020

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,986

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$3,0003$3,0004$3,0205$3,195
$3,195
RENT COMPS ANALYSIS
  • 9758 Rock Partridge Court Las Vegas, NV 4
    • 5 beds 5 baths ∙ 3,608 Sqft ∙ Built 2015 5 beds 5 baths ∙ 3,608 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $3,020
    • $0.84
    •  
  • 6840 Dayton Flyer Las Vegas, NV 1
    • 5 beds 3 baths ∙ 3,463 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,463 Sqft ∙ Built 2015
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.75
    •  
  • 9236 White Waterfall Avenue Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,546 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,546 Sqft ∙ Built 2006
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.85
    •  
  • 9658 Bruschi Ridge Court Las Vegas, NV 3
    • 5 beds 4 baths ∙ 3,542 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,542 Sqft ∙ Built 2017
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.85
    •  
  • 7504 Cliff Peaks Street Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,696 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,696 Sqft ∙ Built 2005
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $0.86
    •  
PROPERTY LISTING DETAILS
Richard J Brenkus
1.702.456.5959
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262095
Last Updated: 01/22/2021
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