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9809 Double Rock Drive Las Vegas, NV 89134

3 Beds 2 Baths 1,548 sqft Built 1995

$379,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $245.41
  • 4 Days on Market
  • MLS # : 2272883
  • Updated Date : 02/26/2021 at 06:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,548 sqft
  • Baths : 2 full
Listing Agent

Bhhs Nevada Properties

Listing Agent's Description

BEAUTIFUL SINGLE LEVEL 3 BEDROOM 2 BATH HOME IN SUMMERLIN. HIGH CEILING OPEN FLOOR PLAN. TILES AND VINYL WOOD FLOOR FOR THE ENTITLE HOUSE. NEW LIGHT FIXTURES. GOURMET KITCHEN OPEN TO THE FAMILY ROOM,GRANITE COUNTERTOP BREAKFAST NOOK. COVER PATIO AND LANDSCAPE. NEAR GYM HOSPITAL AND THE TOP AMENITIES. WON'T LAST!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Trails

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $119k408k

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

Neighborhood: The Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10761992

* 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
William Lummis Elementary School Primary Regular 555 27 7
Ernest Becker Middle School Middle Regular 1,392 56 NA
Palo Verde High School High Regular 3,024 114 9

William Lummis Elementary School

  • Education Level: Primary
  • # of students: 555
  • # of teachers: 27
7
GreatSchools Rating

Ernest Becker Middle School

  • Education Level: Middle
  • # of students: 1,392
  • # of teachers: 56
NA
GreatSchools Rating

Palo Verde High School

  • Education Level: High
  • # of students: 3,024
  • # of teachers: 114
9
GreatSchools Rating
 

$341,910$417,890$379,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,320
Property Tax -$206
Property Insurance -$57
Property Management Fees -$119
CASH FLOW
-$2

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.

$379,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.6%
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

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$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$25,563

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,691

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,6493$1,7004$1,7505$1,800
$1,800
RENT COMPS ANALYSIS
  • 9809 Double Rock Drive Las Vegas, NV 3
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.10
    •  
  • 9824 Double Rock Drive Las Vegas, NV 1
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1996
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.02
    •  
  • 9804 Panorama Cliff Drive Las Vegas, NV 2
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1996
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $1.07
    •  
  • 1712 Delaney Creek Lane Las Vegas, NV 4
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1995
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.13
    •  
  • 9800 Double Rock Drive Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1995
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.15
    •  
PROPERTY LISTING DETAILS
Lily Fu
1.702.496.7788
Bhhs Nevada Properties
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2272883
Last Updated: 02/26/2021
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