Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $197.56
- 3 Days on Market
- MLS # : 2271590
- Updated Date : 02/20/2021 at 04:30
CONSTRUCTION
- Beds : 4
- Floor Size : 3,032 sqft
- Baths : 3 full
Listing Agent
Heartland Realty
Listing Agent's Description
Solar Panels owned, not leased. Monthly Electric Bill average $15.00. Tesla or Other Charging Station in Garage. Gorgeous "Smart Home" with Heated Pool, Tankless H2O Heater, Wireless access point-no dead zones, Century Link Fiber Optic 100mbs download & 60 mbs upload, Smart Locks, Nest Thermostats, & more! Bedroom and Full Bath downstairs. Office/Den Downstairs with Loft Upstairs . Kitchen upgraded: Custom Glass Tile Backsplash & Quartz Island and Counter Tops, Walk in Pantry, Butlers Pantry and Island with Pendant Lights. Upgraded Lighting through out. Master Bedroom has Balcony. Wood Flooring. Must see to appreciate!
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: 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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,630 |
| EXPENSES | Loan Payment | -$2,081 |
| Property Tax | -$390 | |
| Property Insurance | -$86 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$46
|
||
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.
$599,000
PROJECTED PRICE
$2,630
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.4% |
| 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
$164,485
LOAN DETAILS
$2,081
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $149,750 |
| Loan Amount | $449,250 |
5.42
YEARS SAVED
$35,386
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,630
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,130
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
10231 Jamapa Drive Las Vegas, NV 5
- 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 2013 4 beds 3 baths ∙ 3,032 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $2,630
- $0.87
-
7198 Clear Range Avenue Las Vegas, NV 1
- 5 beds 3 baths ∙ 2,977 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,977 Sqft ∙ Built 2007
LEASED 10/28/20- Rent
- Rent Per SQFT
- $2,000
- $0.67
-
7243 Childers Las Vegas, NV 2
- 5 beds 2 baths ∙ 3,145 Sqft ∙ Built 2007 5 beds 2 baths ∙ 3,145 Sqft ∙ Built 2007
LEASED 06/19/20- Rent
- Rent Per SQFT
- $2,100
- $0.67
-
6990 Castle Mountain Avenue Las Vegas, NV 3
- 4 beds 4 baths ∙ 3,120 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,120 Sqft ∙ Built 2008
LEASED 01/22/21- Rent
- Rent Per SQFT
- $2,200
- $0.71
-
10450 Val Piora Street Las Vegas, NV 4
- 4 beds 4 baths ∙ 3,164 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,164 Sqft ∙ Built 2010
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,400
- $0.76
PROPERTY LISTING DETAILS
1.702.271.0279
Heartland Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271590
Last Updated: 02/20/2021
