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9984 Maymont Street Las Vegas, NV 89183

6 Beds 5 Baths 4,989 sqft Built 2001

$750,000

List Price

$3,640

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $150.33
  • 3 Days on Market
  • MLS # : 2256688
  • Updated Date : 12/18/2020 at 17:30
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,989 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Market Place

Listing Agent's Description

*UPGRADED 2 STRY W CRTYRD IN GATED CMMNTY*UNIQUE ENTRY W BTTRFLY STRCSS*SPACIOUS 4 CR GRG*ITALIAN MRBL FLRNG*FRENCH CHATEAU CHANDELIERS*DESIGNER GOURMET KTCHN W MASSIVE GRNT ISLND & CNTRL CK TOP W ISLND RNGE HOOD,CHERRY CBNTS,SS APPLNCS&BACK SPLASH*LOFT & DEN*2 MSTR BDRMS, 1 UPSTRS 1 DWNSTRS, 2 OFFCES*MSTR BTH W JACUZZI,RAIN SHWR,BOWL SINKS & GRANITE CNTR TOPS*AMPLE STORAGE*OPEN BACKYARD*KOI POND, LRG SPARKLING POOL W WTRFLL & MINI GOLF COURSE*

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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: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $119k305k

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

Neighborhood: Silverado Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001150120012501300135014001450150015501600Rent in $10761606

* 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
John R. Hummel Elementary School Primary Regular 776 40 7
Charles Silvestri Junior High School Middle Regular 1,748 68 NA
Liberty High School High Regular 2,496 105 5

John R. Hummel Elementary School

  • Education Level: Primary
  • # of students: 776
  • # of teachers: 40
7
GreatSchools Rating

Charles Silvestri Junior High School

  • Education Level: Middle
  • # of students: 1,748
  • # of teachers: 68
NA
GreatSchools Rating

Liberty High School

  • Education Level: High
  • # of students: 2,496
  • # of teachers: 105
5
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$3,276$4,004$3,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,640
EXPENSES Loan Payment -$2,767
Property Tax -$493
Property Insurance -$124
Property Management Fees -$119
CASH FLOW
$137

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.

$750,000

PROJECTED PRICE

$3,640

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.96%
Appreciation Year (1-5) 10.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.63%
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$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$73,619

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,640

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $3,659

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,6403$3,7004$3,850
$3,850
RENT COMPS ANALYSIS
  • 9984 Maymont Street Las Vegas, NV 2
    • 6 beds 5 baths ∙ 4,989 Sqft ∙ Built 2001 6 beds 5 baths ∙ 4,989 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,640
    • $0.73
    •  
  • 329 Hedgehope Drive Las Vegas, NV 1
    • 5 beds 4 baths ∙ 5,077 Sqft ∙ Built 1999 5 beds 4 baths ∙ 5,077 Sqft ∙ Built 1999
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.69
    •  
  • 186 Jalyn Rae Court Las Vegas, NV 3
    • 5 beds 5 baths ∙ 5,033 Sqft ∙ Built 2004 5 beds 5 baths ∙ 5,033 Sqft ∙ Built 2004
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.74
    •  
  • 358 Whispering Tree Avenue Las Vegas, NV 4
    • 5 beds 5 baths ∙ 4,989 Sqft ∙ Built 2002 5 beds 5 baths ∙ 4,989 Sqft ∙ Built 2002
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $0.77
    •  
PROPERTY LISTING DETAILS
Richard J Brenkus
1.702.456.5959
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2256688
Last Updated: 12/18/2020
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