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9867 Gemstone Sunset Avenue Las Vegas, NV 89148

2 Beds 2 Baths 1,679 sqft Built 2018

$619,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $368.67
  • 9 Days on Market
  • MLS # : 2262286
  • Updated Date : 01/23/2021 at 16:48
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,679 sqft
  • Baths : 2 full
Listing Agent

Realty One Group, Inc

Listing Agent's Description

The Regency at Summerlin by Toll Brothers is a Premier Resort style 55+ Summerlin community. Guard gated & all the amenities you could want! 22,000' Clubhouse, Pickle ball, Tennis, Bocce, Indoor & Outdoor heated pools w/cabanas, demonstration kitchen, meeting rooms, billiards rm,& state of the art fitness areas. This better than new home has 10'ceilings, 8' doors & 12' Sliding Patio door that opens onto the extended covered patio on a very private fully fenced & fully landscaped yard. The backyard features a raised garden bed & 3 fruit trees, pet friendly faux grass. Beautiful engineered hardwood floor throughout. Upgraded Quartz countertops and Island. Modern 42" cabinets & custom tile backsplash. Laundry Rm with sink, countertop & upper cabinets. Primary Bedroom features spacious en suite bath w/ his & hers sinks/counters and 10'x8' closet with custom ELFA closet system. Home has upgraded lighting wall mounted TV outlets and Minka Fans in all bedrooms and living area.

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: Summerlin South

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $119k441k

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

Neighborhood: Summerlin South

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10011875

* 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
Shelley Berkley Elementary School Primary Unknown NA
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Shelley Berkley Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wilbur And Theresa Faiss Middle School

  • Education Level: Middle
  • # of students: 1,409
  • # of teachers: 61
NA
GreatSchools Rating

Sierra Vista High School

  • Education Level: High
  • # of students: 2,396
  • # of teachers: 88
4
GreatSchools Rating
 

$557,100$680,900$619,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$2,150
Property Tax -$455
Property Insurance -$60
Property Management Fees -$119
CASH FLOW
-$444

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.

$619,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$169,785

INVESTMENT

$169,785

Down Payment
$154,750
Rehab Estimate
$5,750
Closing Costs
$9,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,150

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $154,750
Loan Amount $464,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$9,100

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $1.39

    LIST RENT PER SQFT
  • $1,629

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5003$1,5504$1,6505$2,340
$2,340
RENT COMPS ANALYSIS
  • 9867 Gemstone Sunset Avenue Las Vegas, NV 5
    • 2 beds 2 baths ∙ 1,679 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,679 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $1.39
    •  
  • 6365 Currant Lake Way Las Vegas, NV 1
    • 2 beds 2 baths ∙ 1,364 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,364 Sqft ∙ Built 2004
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
  • 9261 Dames Rocket Place Las Vegas, NV 2
    • 2 beds 3 baths ∙ 1,669 Sqft ∙ Built 2002 2 beds 3 baths ∙ 1,669 Sqft ∙ Built 2002
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.90
    •  
  • 6924 Night Bloom Court #na Las Vegas, NV 3
    • 2 beds 2 baths ∙ 1,509 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,509 Sqft ∙ Built 2002
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 6131 Dutch Fork Street Las Vegas, NV 4
    • 2 beds 2 baths ∙ 1,723 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,723 Sqft ∙ Built 2004
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
PROPERTY LISTING DETAILS
Mary M Gipaya
1.702.335.3616
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2262286
Last Updated: 01/23/2021
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