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9853 Belle Marie Court Las Vegas, NV 89141

4 Beds 2 Baths 1,865 sqft Built 2006

$395,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $211.80
  • 9 Days on Market
  • MLS # : 2246713
  • Updated Date : 11/13/2020 at 22:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,865 sqft
  • Baths : 1 full , 1 half
Listing Agent

Paradigm Realty

Listing Agent's Description

SENSATIONAL UPGRADED AND FULLY FURNISHED 2 STORY MODEL HOME near Southern Highlands located in the highly desirable community of Highlands Ranch. A MUST SEE PROPERTY WITH 3 bedrooms and a LOFT/DEN office easily converted to 4th bdrm - American West Home with a relaxing desirable open free floor plan with a huge breakfast island for family & friendly gatherings. A stroll upstairs takes you to a generously sized wanting warm Master Bedroom with a stunning master bath to match. Gorgeous 2nd and 3rd Rooms for Family or Vegas Visitors next to the Upstairs Laundry Room. Excellent Kitchen Layout with all the needs of cooking and entertainment. Control and Secure Home from Your Phone when traveling or when relaxing in your cool sparkling Spa or Pool. Low Maintenance Landscaping allows you time for Vegas, nice walks in the community, or good eating nearby. An absolute must see Open free flowing home with too many Detailed trimmings and additions and Ready For the New Owner.

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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,457
Property Tax -$253
Property Insurance -$63
Property Management Fees -$119
CASH FLOW
$8

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.

$395,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.48%

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$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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$32,967

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,879

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8503$1,8954$1,9005$2,100
$2,100
RENT COMPS ANALYSIS
  • 9853 Belle Marie Court Las Vegas, NV 4
    • 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 10348 Kepler Cascades Street Las Vegas, NV 1
    • 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 2006
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
  • 4964 Tunnel Falls Drive Las Vegas, NV 2
    • 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,796 Sqft ∙ Built 2009
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
  • 5289 Ardley Las Vegas, NV 3
    • 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,936 Sqft ∙ Built 2018
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.98
    •  
  • 9957 Cape May Las Vegas, NV 5
    • 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,940 Sqft ∙ Built 2007
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.08
    •  
PROPERTY LISTING DETAILS
Eric Relph
1.702.286.1703
Paradigm Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246713
Last Updated: 11/13/2020
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