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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $216.70
- 5 Days on Market
- MLS # : 2265145
- Updated Date : 01/30/2021 at 19:25
CONSTRUCTION
- Beds : 4
- Floor Size : 2,215 sqft
- Baths : 2 full , 1 half
Listing Agent
Simply Vegas
Listing Agent's Description
THE BEST OF THE BEST - NO NEED TO SEE THE REST! A SKYE CANYON BEAUTY LIKE NO OTHER. THE MOMENT YOU DRIVE UP & SEE THE PAVER STEPS & DRIVEWAY TO ENTERING THIS MID-CENTURY MODERN SLEEK HOME! BETTER THAN THE MODEL HOME FINISHES. BOSH APPLS, SHAW FLRS, BRIZO FINISHES & MORE! ENTER & BE GREETED BY THE NATURAL LIGHT & TALL CEILINGS! MOVE PAST THE FRNT DOOR & FIND AN EXPANDED LIVNG SPACE PERFECT FOR ENTERTAINING! THE DIN & KIT ARE OPEN TO THE LIV SPACE! THE KTCHN IS ANY CHEF'S DREAM W/RNG, BLTIN OVEN&MICRO & 2 PANTRIES. ENJOY DINING INDOORS OR AL FRESCO ON THE COVERED PATIO W/LANDSCAPED BCKYRD. DWNSTRS BD W/EN SUITE BATH. IT'S GRT FOR GUESTS/VIRTUAL WORK! AS YOU MOVE UPSTAIRS, FIND A LARGE LOFT FOR A 2ND FAM RM/VIRTUAL SCHOOL/EXERCISE ETC. ENTER THE PRIMARY BDRM & BE AMAZED BY ALL THE LIGHT, SIZE & MOUNTAIN VIEWS. THE PRIMARY BATH HAS W/IN CLOSET, DUAL VANITY SINKS & LRG SHOWER. LNDRY RM UPSTRS HAS CABINETS & SINK! 2ND BDRMS ARE SEP FRM PRIMARY & HALL BATH HAS DUAL SINKS W/TUB/SHOWER COMBO.
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: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,667 |
| Property Tax | -$97 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$47
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.
$480,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.3% |
| Maintenance Year (1-5) | 3.00% |
| 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
$129,200
LOAN DETAILS
$1,667
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $120,000 |
| Loan Amount | $360,000 |
6.67
YEARS SAVED
$39,587
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,977
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
10260 Pond Pine Avenue Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,215 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,215 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $2,000
- $0.90
-
10822 Beach House Avenue Las Vegas, NV 1
- 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 2008
LEASED 10/27/20- Rent
- Rent Per SQFT
- $1,800
- $0.89
-
7644 Storm Peak Street Las Vegas, NV 2
- 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 2012
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,860
- $0.90
-
7825 Marksville Street Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,089 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,089 Sqft ∙ Built 2005
LEASED 01/25/21- Rent
- Rent Per SQFT
- $1,865
- $0.89
-
10639 Kearney Mountain Avenue Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,125 Sqft ∙ Built 2014
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,895
- $0.89
PROPERTY LISTING DETAILS
1.702.561.5920
Simply Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2265145
Last Updated: 01/30/2021
