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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $151.10
- 2 Days on Market
- MLS # : 2271616
- Updated Date : 02/20/2021 at 23:44
CONSTRUCTION
- Beds : 5
- Floor Size : 3,971 sqft
- Baths : 4 full , 1 half
Listing Agent
Realty One Group, Inc
Listing Agent's Description
WHO SAID YOU CAN'T HAVE IT ALL? WHOEVER SAID THAT DID NOT SEE THIS HOUSE! ALMOST 70K IN UPGRADES. 2 SEPARATE, LUXURIOUS PRIMARY SUITES ONE UP ONE DOWN FOR NEXT GEN OR MEDIA ROOM POSSIBILITIES. UPGRADED TUB W/JETS, CUSTOM CLOSET SYSTEM, GORGEOUS POOL, SOLAR PANELS, UPGRADED FLOORING THROUGHOUT, FULLY LANDSCAPED, DESIGNER KITCHEN W/UPGRADED FRENCH DOOR REFRIGERATOR, TOP OF THE LINE APPLIANCE PKG, TRENDY GREY COLORS & MATTE BLACK FINISHES, GREY TONED GRANITE COUNTERS, STONE BACKSPLASH, HUGE ISLAND,UPGRADED WINDOW PKG, MASSIVE GREAT ROOM WITH MODERN LINEAR FIREPLACE AS THE CENTERPIECE AND ANOTHER MODERN FIREPLACE IN FAMILY ROOM. SUPER CHARGED ELECTRICAL PKG, BBQ STUB, WROUGHT IRON BALCONY RAILING, TANKLESS WATER HEATER. ROOM FOR EVERYONE TO BE TOGETHER OR ALONE. TOO MUCH TO LIST AND NO TIME TO WAIT!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Highlands Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highlands Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,570 |
| EXPENSES | Loan Payment | -$2,084 |
| Property Tax | -$418 | |
| Property Insurance | -$104 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$155
|
||
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.
$599,999
PROJECTED PRICE
$2,570
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 6.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| 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
$164,750
LOAN DETAILS
$2,084
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $150,000 |
| Loan Amount | $449,999 |
4.42
YEARS SAVED
$25,940
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,570
LIST RENT -
$0.65
LIST RENT PER SQFT
-
$3,078
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
10132 Arbor Brook Court Las Vegas, NV 1
- 5 beds 4 baths ∙ 3,971 Sqft ∙ Built 2019 5 beds 4 baths ∙ 3,971 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $2,570
- $0.65
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5750 Stoneheath Las Vegas, NV 2
- 4 beds 4 baths ∙ 3,672 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,672 Sqft ∙ Built 2013
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,799
- $0.76
-
10170 Cascadia Creek Street Las Vegas, NV 3
- 5 beds 4 baths ∙ 3,971 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,971 Sqft ∙ Built 2018
LEASED 11/02/20- Rent
- Rent Per SQFT
- $3,000
- $0.76
-
9668 Matanzas Creek Court Las Vegas, NV 4
- 5 beds 4 baths ∙ 3,952 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,952 Sqft ∙ Built 2013
LEASED 12/15/20- Rent
- Rent Per SQFT
- $3,000
- $0.76
-
5728 Collier Falls Avenue Las Vegas, NV 5
- 5 beds 3 baths ∙ 4,027 Sqft ∙ Built 2015 5 beds 3 baths ∙ 4,027 Sqft ∙ Built 2015
LEASED 06/22/20- Rent
- Rent Per SQFT
- $3,295
- $0.82
PROPERTY LISTING DETAILS
1.702.708.8433
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271616
Last Updated: 02/20/2021
