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9812 Canyon Rock Place Las Vegas, NV 89134

4 Beds 5 Baths 3,979 sqft Built 1998

$823,900

List Price

$3,780

$3.5K - $4K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $207.06
  • 5 Days on Market
  • MLS # : 2248924
  • Updated Date : 12/05/2020 at 07:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,979 sqft
  • Baths : 4 full , 1 half
Listing Agent

Coldwell Banker Premier

Listing Agent's Description

LOCATION! GATED COMMUNITY RIGHT IN THE HEART OF SUMMERLIN NEAR TOURNAMENT PLAYERS CLUB GOLF COURSE! INCREDIBLE CURB APPEAL, & FRESHLY PAINTED EXTERIOR, FEATURING LOW MAINTENANCE "CRUISE CONTROL" FRONT & BACKYARD. TREE LINED BACK HAS SPARKLING SOLAR HEATED POOL WITH WATERFALL & STONE VENEER DESIGN. SIDE YARD W/DOG RUN. OVER SIZED GARAGE 1000+ SQUARE FEET, FEATURING A TANDEM BAY WITH STORAGE ROOM & BUILT IN SHELVES, CEILING RACKS, & TWO HOT WATER HEATERS. DOWNSTAIRS TWO STORY GAMING/GATHERING ROOM WITH IMPRESSIVE MAJESTIC FIREPLACE, BAR, & ADJACENT SEPARATE HOBBY ROOM. UPSTAIRS HAS BALCONY, & MASTER INCLUDES JETTED TUB, STEAM SHOWER, & SITTING AREA. KINETICO WATER TREATMENT & APPLIANCES CONVEY, CENTRAL VACUUM THROUGHOUT, SPACIOUS WINE STORAGE ROOM. QUALITY OF CUSTOM BUILD STRUCTURE & INTEGRITY IS SUPERIOR! ORIGINAL OWNERS. RARE OPPORTUNITY TO LIVE OR INVEST IN SUMMERLIN MASTER PLANNED COMMUNITY, WITH TOP RANKING PUBLIC & PRIVATE SCHOOLS FOR ALL GRADE LEVELS. ALL SIDS & LIDS PAID OFF!

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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
 

$741,510$906,290$823,900

PURCHASE PRICE

$3,402$4,158$3,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,780
EXPENSES Loan Payment -$3,040
Property Tax -$619
Property Insurance -$104
Property Management Fees -$119
CASH FLOW
-$102

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.

$823,900

PROJECTED PRICE

$3,780

PROJECTED RENT

0.46%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530$0.0$10k$20k$30k$40k

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$224,084

INVESTMENT

$224,084

Down Payment
$205,975
Rehab Estimate
$5,750
Closing Costs
$12,359

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,040

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $205,975
Loan Amount $617,925
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$54,969

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,780

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $3,492

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1003$3,5004$3,7805$4,200
$4,200
RENT COMPS ANALYSIS
  • 9812 Canyon Rock Place Las Vegas, NV 4
    • 4 beds 5 baths ∙ 3,979 Sqft ∙ Built 1998 4 beds 5 baths ∙ 3,979 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $3,780
    • $0.95
    •  
  • 2133 Whitebirch Lane Las Vegas, NV 1
    • 5 beds 5 baths ∙ 3,886 Sqft ∙ Built 1994 5 beds 5 baths ∙ 3,886 Sqft ∙ Built 1994
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.77
    •  
  • 2001 Amber Stone Court Las Vegas, NV 2
    • 3 beds 4 baths ∙ 3,823 Sqft ∙ Built 1997 3 beds 4 baths ∙ 3,823 Sqft ∙ Built 1997
    LEASED 06/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.81
    •  
  • 9417 Garnet Crown Avenue Las Vegas, NV 3
    • 4 beds 4 baths ∙ 3,855 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,855 Sqft ∙ Built 2000
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.91
    •  
  • 9829 Ridge Rock Court Las Vegas, NV 5
    • 5 beds 4 baths ∙ 4,107 Sqft ∙ Built 1999 5 beds 4 baths ∙ 4,107 Sqft ∙ Built 1999
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.02
    •  
PROPERTY LISTING DETAILS
Diane M Varney
1.702.401.0307
Coldwell Banker Premier
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2248924
Last Updated: 12/05/2020
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