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9774 Sonora Bend Avenue Las Vegas, NV 89148

3 Beds 3 Baths 1,662 sqft Built 2002

$328,987

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $197.95
  • 5 Days on Market
  • MLS # : 2251948
  • Updated Date : 12/03/2020 at 15:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,662 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Great Southwest Location With Pride of Ownership! 3 Bedrooms + Easily Converted To a 4th Bedroom Loft, 2.5 Baths! Primary Bedroom Downstairs! Primary Ensuite Features Dual Sinks, Separate Tub & Shower and Walk-in Closet! Spacious Living Room w/Soaring Ceilings! Wood Shutters Thru-out! Tons of Storage Space! Laminate Flooring Thru-out Most of the Home & Tile Entry Foyer and Kitchen! Wide Baseboards! Stainless Samsung Appliances! Ceiling Fans In Every Room! Solar Screens On All Windows! Low Maintenance Front & Backyard w/Concrete & Pavered Patio! Exterior Painted in 2019! New Drip System Spring 2020!

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: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k339k

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

Neighborhood: Rhodes Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10551829

* 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
Lucille Rogers Elementary School Primary Regular 775 43 9
Victoria Fertitta Middle School Middle Regular 1,472 60 NA
Durango High School High Regular 2,302 95 5

Lucille Rogers Elementary School

  • Education Level: Primary
  • # of students: 775
  • # of teachers: 43
9
GreatSchools Rating

Victoria Fertitta Middle School

  • Education Level: Middle
  • # of students: 1,472
  • # of teachers: 60
NA
GreatSchools Rating

Durango High School

  • Education Level: High
  • # of students: 2,302
  • # of teachers: 95
5
GreatSchools Rating
 

$296,088$361,886$328,987

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$1,214
Property Tax -$204
Property Insurance -$59
Property Management Fees -$119
CASH FLOW
-$187

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.

$328,987

PROJECTED PRICE

$1,410

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 8.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,932

INVESTMENT

$92,932

Down Payment
$82,247
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,247
Loan Amount $246,740
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$10,308

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,550

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,410
1$1,4102$1,4993$1,5504$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 9774 Sonora Bend Avenue Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.85
    •  
  • 9708 Ridgebluff Avenue Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2002
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.96
    •  
  • 9946 Ridgehaven Avenue Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 2000
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.90
    •  
  • 9783 Ocotillo Falls Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 2002
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 9773 Havasupai Las Vegas, NV 5
    • 4 beds 3 baths ∙ 1,822 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,822 Sqft ∙ Built 2002
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
PROPERTY LISTING DETAILS
Merri Perry
1.702.219.2585
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2251948
Last Updated: 12/03/2020
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