Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9958 Everlasting Avenue Las Vegas, NV 89178

5 Beds 3 Baths 2,983 sqft Built 2017

$419,990

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $140.79
  • 12 Days on Market
  • MLS # : 2250815
  • Updated Date : 12/04/2020 at 17:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,983 sqft
  • Baths : 2 full , 1 half
Listing Agent

All Access Realty & Property M

Listing Agent's Description

Move In Ready! gorgeous highly upgraded, open floor plan, gourmet kitchen with granite counters, stainless steel appliances, touch less sensor kitchen faucet, custom backsplash, wood look tile flooring, custom cabinets, spacious mater bedroom, deluxe master suite, tank-less water heater, upgraded stair rails, 5.1 home theater speakers, extended perimeter block walls, paver driveway & backyard with covered patio, desert landscaping.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 89178

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $119k362k

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

Zip Code: 89178

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10291875

* 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
Robert L. Forbuss Elementary School Primary Regular 1,163 56 7
Wilbur And Theresa Faiss Middle School Middle Regular 1,409 61 NA
Sierra Vista High School High Regular 2,396 88 4

Robert L. Forbuss Elementary School

  • Education Level: Primary
  • # of students: 1,163
  • # of teachers: 56
7
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
 

$377,991$461,989$419,990

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,550
Property Tax -$359
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
$158

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.

$419,990

PROJECTED PRICE

$2,270

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 9.0%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,047

INVESTMENT

$117,047

Down Payment
$104,998
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,998
Loan Amount $314,993
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$49,709

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,275

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0953$2,2004$2,2705$2,495
$2,495
RENT COMPS ANALYSIS
  • 9958 Everlasting Avenue Las Vegas, NV 4
    • 5 beds 3 baths ∙ 2,983 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,983 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.76
    •  
  • 344 Windmill Croft Drive Las Vegas, NV 1
    • 5 beds 3 baths ∙ 2,839 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,839 Sqft ∙ Built 2013
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.69
    •  
  • 371 Botanic Gardens Drive Las Vegas, NV 2
    • 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2012
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.79
    •  
  • 254 Cranstonhill Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,015 Sqft ∙ Built 2013 4 beds 3 baths ∙ 3,015 Sqft ∙ Built 2013
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.73
    •  
  • 8611 Loretta Bay Street Las Vegas, NV 5
    • 5 beds 3 baths ∙ 2,983 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,983 Sqft ∙ Built 2017
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.84
    •  
PROPERTY LISTING DETAILS
Arlene Olimberio
1.702.339.8142
All Access Realty & Property M
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2250815
Last Updated: 12/04/2020
BESbswy