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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $201.53
- 3 Days on Market
- MLS # : 2265456
- Updated Date : 01/30/2021 at 06:25
CONSTRUCTION
- Beds : 4
- Floor Size : 2,357 sqft
- Baths : 3 full
Listing Agent
Exp Realty
Listing Agent's Description
Backyard oasis! Amazing 1 story home located in NW Las Vegas community of Log Cabin Ranch. 4 Bedroom plus Den (could be utilized as bedroom 5 (currently set up as an exercise room) 3 full baths with a 3 car garage. An open great room floorplan plus a dining area. Kitchen with granite countertops, breakfast bar opens to the huge family room. Tile in walkways and kitchen and engineered hardwood floors in family room. Large primary bedroom separate from the secondary bedrooms. Primary bath with dual sinks, separate tub and shower and large walk in closet. The backyard is amazing with covered patio across the entire length of the home. Massive palm trees and sago palms. Lounge in front of the gas firepit. Relax in the above ground spa located under a large gazebo. A must see beauty!
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: Tule Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tule Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,650 |
| Property Tax | -$346 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$378
|
||
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.
$475,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.7% |
| 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
$131,625
LOAN DETAILS
$1,650
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
1.83
YEARS SAVED
$5,479
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,785
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
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10227 Lazy Bear Street Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,357 Sqft ∙ Built 2006
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- Rent Per SQFT
- $1,810
- $0.77
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9020 Wolf Dancer Avenue Las Vegas, NV 1
- 3 beds 3 baths ∙ 2,316 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,316 Sqft ∙ Built 2004
LEASED 02/26/20- Rent
- Rent Per SQFT
- $1,750
- $0.76
-
8829 Reining Spur Avenue Las Vegas, NV 2
- 3 beds 3 baths ∙ 2,378 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,378 Sqft ∙ Built 2003
LEASED 11/02/20- Rent
- Rent Per SQFT
- $1,750
- $0.74
-
9718 Red Deer Las Vegas, NV 3
- 4 beds 2 baths ∙ 2,437 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,437 Sqft ∙ Built 2004
LEASED 01/16/21- Rent
- Rent Per SQFT
- $1,795
- $0.74
-
8928 Saddle Red Avenue Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,387 Sqft ∙ Built 2003
LEASED 06/06/20- Rent
- Rent Per SQFT
- $1,875
- $0.79
PROPERTY LISTING DETAILS
1.702.491.9601
Exp Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2265456
Last Updated: 01/30/2021
