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9779 Golden Thread Court Las Vegas, NV 89141

5 Beds 3 Baths 4,664 sqft Built 2017

$730,000

List Price

$3,850

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $156.52
  • 3 Days on Market
  • MLS # : 2246935
  • Updated Date : 11/14/2020 at 02:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,664 sqft
  • Baths : 2 full , 1 half
Listing Agent

Elite Realty

Listing Agent's Description

This home features many upgrades and has room to spread out, entertain or enjoy a quiet moment. You will love the large gourmet kitchen with 6 burner stove, 2 ovens, griddle, huge pantry, upgraded cabinetry and one of the larger islands you find in a home. Pride in ownership shows with the upgraded flooring including cultured marble in all of the bathrooms, wood-look tile on the first floor, laminate on the 2nd and 3rd floors. Plush carpet in the living room gives it a cozy feeling. All of the bedrooms are large and feature walk-in closets. The first floor bedroom has a large in-suite bathroom with walk-in shower and a butlers pantry. Installed water softener and tankless water heater provides endless supply of hot water. Rooftop deck has views of the mountains and LV strip and is ready to entertain. Landscaped backyard with desert plants and artificial grass. Other upgrades include security cameras, Leviton automated devices, coffered ceilings, central vacuum system and so much more

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: Highlands Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k369k

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

Neighborhood: Highlands Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761902

* 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
Aldeane Comito Ries Elementary School Primary Regular 975 57 4
Lois And Jerry Tarkanian Middle School Middle Regular 1,739 71 NA
Desert Oasis High School High Regular 2,417 102 5

Aldeane Comito Ries Elementary School

  • Education Level: Primary
  • # of students: 975
  • # of teachers: 57
4
GreatSchools Rating

Lois And Jerry Tarkanian Middle School

  • Education Level: Middle
  • # of students: 1,739
  • # of teachers: 71
NA
GreatSchools Rating

Desert Oasis High School

  • Education Level: High
  • # of students: 2,417
  • # of teachers: 102
5
GreatSchools Rating
 

$657,000$803,000$730,000

PURCHASE PRICE

$3,465$4,235$3,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,850
EXPENSES Loan Payment -$2,693
Property Tax -$483
Property Insurance -$117
Property Management Fees -$119
CASH FLOW
$437

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.

$730,000

PROJECTED PRICE

$3,850

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.5%
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$0.0$10k$20k$30k$40k$50k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$199,200

INVESTMENT

$199,200

Down Payment
$182,500
Rehab Estimate
$5,750
Closing Costs
$10,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,693

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $182,500
Loan Amount $547,500
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$108,833

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,850

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $4,641

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$3,850
1$3,8502$4,2143$4,2504$4,5005$4,995
$4,995
RENT COMPS ANALYSIS
  • 9779 Golden Thread Court Las Vegas, NV 1
    • 5 beds 3 baths ∙ 4,664 Sqft ∙ Built 2017 5 beds 3 baths ∙ 4,664 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $0.83
    •  
  • 5423 San Florentine Las Vegas, NV 2
    • 5 beds 4 baths ∙ 4,364 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,364 Sqft ∙ Built 2001
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,214
    • $0.97
    •  
  • 8281 Young Ridge Court Las Vegas, NV 3
    • 5 beds 4 baths ∙ 4,340 Sqft ∙ Built 2011 5 beds 4 baths ∙ 4,340 Sqft ∙ Built 2011
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $0.98
    •  
  • 9812 Russian Hill Street Las Vegas, NV 4
    • 5 beds 3 baths ∙ 4,664 Sqft ∙ Built 2018 5 beds 3 baths ∙ 4,664 Sqft ∙ Built 2018
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $0.96
    •  
  • 9783 Russian Hill Street Las Vegas, NV 5
    • 5 beds 4 baths ∙ 4,664 Sqft ∙ Built 2018 5 beds 4 baths ∙ 4,664 Sqft ∙ Built 2018
    LEASED 12/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,995
    • $1.07
    •  
PROPERTY LISTING DETAILS
Stephan D Zabolotniuk
1.702.533.0115
Elite Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246935
Last Updated: 11/14/2020
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