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10051 Aspen Marshall 
Las Vegas, NV
89178
3 Beds 4 Baths 2,158 sqft
Built 2012
INVESTimate
$330,000
List Price
$93,200
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PROPERTY INFO
FACTS
- Built In 2012
- Price/Sqft : $152.92
- 3 Days on Market
- MLS # : 2223989
- Updated Date : 08/25/2020 at 16:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,158 sqft
- Baths : 3 full , 1 half
Listing Agent
Era Brokers Consolidated
Listing Agent's Description
Beautiful former model home with roof top deck located in the desirable Mountains Edge Master Plan Community! Home features 3 bedroom, 3.5 baths with separate living areas. Master bedroom located on 2nd floor main living space that features living/dining area combo and built- in office space. Ground floor with large storage area, kitchenette, living area and side yard. This home is immaculate and shows pride of ownership.
SEE MORE
- 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: Mountain Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,218 |
| Property Tax | -$278 | |
| Property Insurance | -$69 | |
| HOA | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$139
|
||
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.
$330,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.44% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$93,200
LOAN DETAILS
$1,218
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
3.67
YEARS SAVED
$12,917
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,710
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
10051 Aspen Marshall Las Vegas, NV 1
- 3 beds 4 baths ∙ 2,158 Sqft ∙ Built 2012 3 beds 4 baths ∙ 2,158 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $1,600
- $0.74
-
8928 Harmony Hall Avenue Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2013
LEASED 10/04/19- Rent
- Rent Per SQFT
- $1,650
- $0.76
-
9847 Mount Madera Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 2006
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,695
- $0.83
-
10386 Station Creek Circle Las Vegas, NV 4
- 3 beds 3 baths ∙ 2,118 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,118 Sqft ∙ Built 2006
LEASED 12/19/19- Rent
- Rent Per SQFT
- $1,700
- $0.80
-
9065 Sendero Avenue Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,313 Sqft ∙ Built 2006
LEASED 02/27/20- Rent
- Rent Per SQFT
- $1,800
- $0.78
PROPERTY LISTING DETAILS
1.702.306.3587
Era Brokers Consolidated
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2223989
Last Updated: 08/25/2020
