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9841 Button Willow Drive Las Vegas, NV 89134

2 Beds 1 Baths 1,384 sqft Built 1993

INVESTimate

$335,000

List Price

$1,460

$1,314 - $1,606

Rent Est.

$365,318  ( +9.05%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $242.05
  • 6 Days on Market
  • MLS # : 2223648
  • Updated Date : 08/24/2020 at 20:26
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,384 sqft
  • Baths : 1 full
Listing Agent

Premier Realty Group

Listing Agent's Description

FANTASTIC HOME IN FANTASTIC COMMUNITY ON HUGE CORNER LOT! 2 BEDROOMS, 1 3/4 BATHS IN AGE RESTRICTED SUN CITY SUMMERLIN. TILE THROUGHOUT, WOOD FLOORING IN BEDROOM 2, CARPET IN MASTER BEDROOM ONLY. DON'T LET THIS ONE PASS YOU BY!

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MARKET HIGHLIGHTS

  • 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)
  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Sun City Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $119k328k

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

Neighborhood: Sun City Summerlin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100115012001250130013501400145015001550160016501700Rent in $10671706

* 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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,236
Property Tax -$211
Property Insurance -$54
HOA -$137
Property Management Fees -$119
CASH FLOW
-$297

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.

$335,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 9.05%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,635

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,554

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,5003$1,5504$1,5905$1,750
$1,750
RENT COMPS ANALYSIS
  • 9841 Button Willow Drive Las Vegas, NV 1
    • 2 beds 1 baths ∙ 1,384 Sqft ∙ Built 1993 2 beds 1 baths ∙ 1,384 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.05
    •  
  • 2717 Lotus Hill Drive Las Vegas, NV 2
    • 2 beds 2 baths ∙ 1,384 Sqft ∙ Built 1992 2 beds 2 baths ∙ 1,384 Sqft ∙ Built 1992
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.08
    •  
  • 10033 Cresent Creek Drive Las Vegas, NV 3
    • 2 beds 1 baths ∙ 1,388 Sqft ∙ Built 1994 2 beds 1 baths ∙ 1,388 Sqft ∙ Built 1994
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.12
    •  
  • 2520 Tumble Brook Drive Las Vegas, NV 4
    • 2 beds 1 baths ∙ 1,384 Sqft ∙ Built 1992 2 beds 1 baths ∙ 1,384 Sqft ∙ Built 1992
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $1.15
    •  
  • 2501 Keppel Sands Drive Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,533 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,533 Sqft ∙ Built 1994
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.14
    •  
PROPERTY LISTING DETAILS
Shana L Reese
1.702.528.0180
Premier Realty Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223648
Last Updated: 08/24/2020
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