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9805 Peseo Cresta Avenue Las Vegas, NV 89117

3 Beds 3 Baths 1,851 sqft Built 1998

$396,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $213.94
  • 4 Days on Market
  • MLS # : 2269890
  • Updated Date : 02/19/2021 at 18:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,851 sqft
  • Baths : 3 full
Listing Agent

Redfin

Listing Agent's Description

Perfection in Peccole Ranch - in a very well sought after neighborhood! Gorgeous home AND move-in ready. Features soaring ceilings with expansive light from so many windows. New Luxury Vinyl Plank flooring throughout & newer paint in open floor plan w/ dining room, or convert to a den/office. Bright open kitchen/great room boasts quartz prep island, pendant lights, gas stove, wood-blinds all overlooking the great backyard. Low maintenance with shady covered patio to sip your morning coffee or adult beverage at night under the stars. This is a complete decorators delight! All baths, including full bath down have all new fixtures, counters & new plumbing. Expansive master upstairs provides soothing privacy, quartz counters w/dual sinks, garden tub & separate shower. Stroll, jog or play Frisbee Golf in the expansive parkways located throughout community. How about a game of Tennis? Shop, Dine & Play Downtown Summerlin, Red Rock Casino/Resort, Red Rock or just chill in this lovely home.

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: 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
 

$356,400$435,600$396,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,375
Property Tax -$242
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
-$40

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.

$396,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.44%

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$1.4M

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$110,690

INVESTMENT

$110,690

Down Payment
$99,000
Rehab Estimate
$5,750
Closing Costs
$5,940

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,375

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,000
Loan Amount $297,000
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$22,921

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,782

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6753$1,7504$1,7605$1,800
$1,800
RENT COMPS ANALYSIS
  • 9805 Peseo Cresta Avenue Las Vegas, NV 4
    • 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.95
    •  
  • 9761 Derbyhill Circle Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,693 Sqft ∙ Built 1997
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 9808 La Vid Court #0 Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 1998
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.90
    •  
  • 1301 Paraiso Street #000 Las Vegas, NV 3
    • 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 2000
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 1401 Chaparral Summit Drive #0 Las Vegas, NV 5
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.03
    •  
PROPERTY LISTING DETAILS
Cheryl A Van Elsis
1.702.612.7777
Redfin
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2269890
Last Updated: 02/19/2021
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