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9998 Celestial Cliffs Avenue Las Vegas, NV 89166

4 Beds 3 Baths 3,282 sqft Built 2017

$570,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $173.67
  • 4 Days on Market
  • MLS # : 2246110
  • Updated Date : 11/07/2020 at 02:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,282 sqft
  • Baths : 2 full , 1 half
Listing Agent

Blue Diamond Realty Llc

Listing Agent's Description

Absolutely stunning 4BR/4BA home in the highly sought-after Skye Canyon Community. Tremendous curb appeal with front entry paver walkway and driveway. Open floor plan with 8' doorways, upgraded vinyl plank flooring in main living areas and neutral paint throughout. Entertaining is made easy in the gourmet kitchen with stainless steel appliances, gorgeous granite counters, custom cabinets, large island with breakfast bar and walk in pantry. Home boasts 2 master bedrooms, 1 downstairs and 1 upstairs. All 4 bedrooms with walk in closets. Large loft space upstairs is the perfect place for a relaxing evening or using for entertaining. Master bathroom upstairs with oversized tile shower and dual showerheads. Living room flows right into the outdoors through the large slider doors. Covered patio is the perfect place to relax before your busy day or unwind at night. Easy maintenance turf in backyard with putting green and sparkling spa. This home has too many incredible upgrades to list!

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

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
Kenneth Divich Elementary Primary Unknown NA
Edmundo Eddie Escobedo Sr Middle School Middle Regular 1,171 47 NA
Arbor View High School High Regular 2,878 116 9

Kenneth Divich Elementary

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

Edmundo Eddie Escobedo Sr Middle School

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

Arbor View High School

  • Education Level: High
  • # of students: 2,878
  • # of teachers: 116
9
GreatSchools Rating
 

$513,000$627,000$570,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,103
Property Tax -$469
Property Insurance -$91
Property Management Fees -$119
CASH FLOW
-$142

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.

$570,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

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

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$156,800

INVESTMENT

$156,800

Down Payment
$142,500
Rehab Estimate
$5,750
Closing Costs
$8,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,500
Loan Amount $427,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$30,910

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,699

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,399
1$2,3992$2,5953$2,6404$2,7005$2,700
$2,700
RENT COMPS ANALYSIS
  • 9998 Celestial Cliffs Avenue Las Vegas, NV 3
    • 4 beds 3 baths ∙ 3,282 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,282 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $0.80
    •  
  • 10016 Sharp Ridge Avenue Las Vegas, NV 1
    • 5 beds 4 baths ∙ 3,087 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,087 Sqft ∙ Built 2005
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $0.78
    •  
  • 8139 Pinetop Crest Street Las Vegas, NV 2
    • 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.81
    •  
  • 8120 Pinetop Crest Street Las Vegas, NV 4
    • 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.85
    •  
  • 8121 Pinetop Crest Street Las Vegas, NV 5
    • 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,195 Sqft ∙ Built 2019
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.85
    •  
PROPERTY LISTING DETAILS
Joy Macdaniels
1.702.600.8557
Blue Diamond Realty Llc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246110
Last Updated: 11/07/2020
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