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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $200.75
- 9 Days on Market
- MLS # : 2257688
- Updated Date : 12/28/2020 at 11:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,868 sqft
- Baths : 2 full , 1 half
Listing Agent
Five Star Real Estate & Proper
Listing Agent's Description
New Year, New You, New House! Check out this Summerlin home with convenient access to schools, parks, Summerlin Hospital, and freeways! All 3 bedrooms plus the loft upstairs. New carpet throughout, New Vinyl plank floors in main areas and bedrooms. Spacious yard with usable front porch! Visit today! Broker believes all information in this listing to be accurate, however buyer and their agent should verify all data buyer is relying on to make this purchase.
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: The Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$235 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$81
|
||
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.
$375,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.1% |
| 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
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
5.08
YEARS SAVED
$22,717
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,723
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
10200 Kenton Place Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,868 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,868 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,720
- $0.92
-
10224 Via Roma Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,922 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,922 Sqft ∙ Built 1999
LEASED 04/05/20- Rent
- Rent Per SQFT
- $1,695
- $0.88
-
1212 Alderton Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 1997
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,700
- $0.92
-
10216 San Giano Place #0 Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,922 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,922 Sqft ∙ Built 1999
LEASED 07/25/20- Rent
- Rent Per SQFT
- $1,750
- $0.91
-
10309 Horseback Ridge Avenue #0 Las Vegas, NV 5
- 4 beds 3 baths ∙ 1,930 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,930 Sqft ∙ Built 1997
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,895
- $0.98
PROPERTY LISTING DETAILS
1.702.289.1625
Five Star Real Estate & Proper
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2257688
Last Updated: 12/28/2020
