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9877 Spider Creek Court Las Vegas, NV 89149

4 Beds 4 Baths 3,042 sqft Built 2014

$888,900

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $292.21
  • 7 Days on Market
  • MLS # : 2244392
  • Updated Date : 11/09/2020 at 14:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,042 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart Encore

Listing Agent's Description

Half acre w/Casita, POOL/Spa & RV parking. BETTER THAN NEW! Entertain friends & family! The perfectly landscaped, low maintenance backyard has a gorgeous pool & spa, built-in BBQ, covered patio, outdoor fans & speakers. Private entry courtyard with a firepit. The Master bedroom has access to both the pool & courtyard/firepit & has a huge walk-in closet. Jack/Jill bath between two bedrooms has private vanity areas. The separate casita shares the courtyard and has its own living area, kitchenette, large bedroom, walk-in closet & full bath. The kitchen has a huge island, a full walk-in pantry, double ovens, soft close cabinet doors, pullout shelving, recessed, pendant & under-mount lighting. Private office with built-in desks & bookshelves and a view of the courtyard. 3-car garage w/epoxy floors. 1 year Home Warranty included. Upgraded design finishes, cul-de-sac. Audio wired in & out

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: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Neighborhood: Centennial Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10761875

* 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
Marshall C. Darnell Elementary School Primary Regular 793 40 6
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Centennial High School High Regular 3,055 124 6

Marshall C. Darnell Elementary School

  • Education Level: Primary
  • # of students: 793
  • # of teachers: 40
6
GreatSchools Rating

Edmundo Eddie Escobedo Sr Middle School

  • Education Level: Middle
  • # of students: 1,171
  • # of teachers: 47
NA
GreatSchools Rating

Centennial High School

  • Education Level: High
  • # of students: 3,055
  • # of teachers: 124
6
GreatSchools Rating
 

$800,010$977,790$888,900

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$3,280
Property Tax -$621
Property Insurance -$86
Property Management Fees -$119
CASH FLOW
-$816

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.

$888,900

PROJECTED PRICE

$3,290

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 10.3%
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$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$241,309

INVESTMENT

$241,309

Down Payment
$222,225
Rehab Estimate
$5,750
Closing Costs
$13,334

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,280

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $222,225
Loan Amount $666,675
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$9,355

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,259

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1503$2,3004$2,4955$3,290
$3,290
RENT COMPS ANALYSIS
  • 9877 Spider Creek Court Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,042 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,042 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $1.08
    •  
  • 6635 Rego Park Court Las Vegas, NV 1
    • 3 beds 3 baths ∙ 2,709 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,709 Sqft ∙ Built 2013
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 6504 Tee Pee Lane Las Vegas, NV 2
    • 5 beds 4 baths ∙ 3,238 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,238 Sqft ∙ Built 2008
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.66
    •  
  • 10657 Auburn Springs Avenue Las Vegas, NV 3
    • 5 beds 3 baths ∙ 2,996 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,996 Sqft ∙ Built 2013
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.77
    •  
  • 9508 Ojibwa Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,265 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,265 Sqft ∙ Built 2006
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.76
    •  
PROPERTY LISTING DETAILS
Sharyn W Mousseau
1.702.321.5456
Homesmart Encore
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2244392
Last Updated: 11/09/2020
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