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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $309.02
- 7 Days on Market
- MLS # : 2260907
- Updated Date : 01/16/2021 at 18:41
CONSTRUCTION
- Beds : 4
- Floor Size : 3,880 sqft
- Baths : 3 full , 1 half
Listing Agent
Vegas Dream Homes Inc
Listing Agent's Description
Beautiful Summerlin home in gated community with pool and spa! This home is a must see, it has a contemporary design with 4 bedroomsm and a loft with a door that can easily be a 5th bedroom. Courtyard with a fountain, the backyard has a pool and jacuzzi and a large deck. There is a TV and fireplace outdoors,as well as a firepit, and a balcony with city views upstairs.Close to shopping, dining, and schools.
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: Summerlin South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Summerlin South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,310 |
| EXPENSES | Loan Payment | -$4,165 |
| Property Tax | -$639 | |
| Property Insurance | -$102 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$715
|
||
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.
$1,199,000
PROJECTED PRICE
$4,310
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.2% |
| 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
$323,485
LOAN DETAILS
$4,165
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $299,750 |
| Loan Amount | $899,250 |
2.67
YEARS SAVED
$25,623
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,310
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$5,018
COMP ESTIMATED VALUE -
$1.29
COMP AVG. RENT PER SQFT
Comps Range
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- $3,200
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10277 Green Ember Drive Las Vegas, NV 4
- 4 beds 4 baths ∙ 3,880 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,880 Sqft ∙ Built 2018
LEASED 02/13/20- Rent
- Rent Per SQFT
- $7,500
- $1.93
PROPERTY LISTING DETAILS
1.702.265.1067
Vegas Dream Homes Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2260907
Last Updated: 01/16/2021
