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9778 Mosaic Canyon Court Las Vegas, NV 89149

6 Beds 5 Baths 4,589 sqft Built 2017

$725,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $157.99
  • 6 Days on Market
  • MLS # : 2251358
  • Updated Date : 12/01/2020 at 15:30
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,589 sqft
  • Baths : 4 full , 1 half
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

Stunning 6 bedroom home on a cul-de-sac in the beautiful northwest. Space for everyone, with a functional floorplan that includes an impressive chef's kitchen with electrolux built-in refrigerator, stainless appliances, and oversized island looking into family room with tray ceilings and gorgeous, stacked-stone fireplace. Primary bedroom is downstairs with adjacent office/gym/nursery, and spa-like master bath complete with rainshower. There are three additional downstairs bedrooms with a separate den, and two bedrooms and enormous loft up. Rear yard has been professionally landscaped with raised planters, synthetic grass and paver patio extension. Three car garage has room for all the toys. Welcome home!

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: 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
Marshall C. Darnell Elementary School Primary Regular 793 40 6
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Centennial High School High Regular 3,055 124 6

Marshall C. Darnell Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 40
6
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
 

$652,500$797,500$725,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$2,675
Property Tax -$554
Property Insurance -$116
Property Management Fees -$119
CASH FLOW
-$214

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.

$725,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,675

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$36,540

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,784

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6953$2,8004$3,250
$3,250
RENT COMPS ANALYSIS
  • 9778 Mosaic Canyon Court Las Vegas, NV 4
    • 6 beds 5 baths ∙ 4,589 Sqft ∙ Built 2017 6 beds 5 baths ∙ 4,589 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $0.71
    •  
  • 10209 Dove Row Avenue Las Vegas, NV 1
    • 5 beds 3 baths ∙ 4,422 Sqft ∙ Built 2007 5 beds 3 baths ∙ 4,422 Sqft ∙ Built 2007
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.59
    •  
  • 9409 Kickapoo Avenue Las Vegas, NV 2
    • 5 beds 4 baths ∙ 4,485 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,485 Sqft ∙ Built 2006
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.60
    •  
  • 9481 Kickapoo Avenue Las Vegas, NV 3
    • 5 beds 4 baths ∙ 4,471 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,471 Sqft ∙ Built 2006
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.63
    •  
PROPERTY LISTING DETAILS
Kendall S Towers
1.702.460.2092
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2251358
Last Updated: 12/01/2020
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