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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $239.47
- 2 Days on Market
- MLS # : 2265461
- Updated Date : 01/31/2021 at 03:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,378 sqft
- Baths : 2 full
Listing Agent
Realty One Group, Inc
Listing Agent's Description
FRESH AND CLEAN* One Story Home with 3 Bedrooms and 2 Baths, 2 Car Garage and RV BOAT Parking! Just Outside of Summerlin and Dessert Shores, NO HOA FEES!!! Just 4 houses away from Pioneer Park! New Paint, New Carpet, Newly update cabinets and Granite counters in Kitchen and Bathrooms! ALL Appliances included. Frig, Washer-Dryer-Microwave. Updated LED lighting, Tile floors in Kitchen/Dining Area and major walking areas. Large Covered patio in back. RV BOAT PARKING! *12' RV GATE* 20' wide X 35' Deep RV concrete slab area* Big Shed in back is also included. Large corner Cul-De-Sac lot just 1 minute walk to the park! Great Central location, Close to shopping, Walking distance to Trader Joes, WinCo and Lowe's. Close to schools and parks* This Clean and MOVE IN READY Home can be yours if you CALL NOW!!! Don't miss out. Come see it TODAY before its GONE!!!
SEE MORE
- 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: Pioneer Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pioneer Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$181 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$130
|
||
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.
$329,990
PROJECTED PRICE
$1,370
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 11.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$93,197
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,498 |
| Loan Amount | $247,493 |
3.83
YEARS SAVED
$11,630
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,371
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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1001 Transom Drive Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,370
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1201 Olvera Way Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1993
LEASED 08/18/20- Rent
- Rent Per SQFT
- $1,450
- $0.98
-
1225 Olvera Way Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1994
LEASED 09/24/20- Rent
- Rent Per SQFT
- $1,450
- $0.98
-
1313 Olvera Way Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1994
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,450
- $0.98
-
1248 Pacific Terrace Drive Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1991
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,550
- $1.04
PROPERTY LISTING DETAILS
1.702.355.1000
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2265461
Last Updated: 01/31/2021
