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 2005
- Price/Sqft : $281.50
- 3 Days on Market
- MLS # : 2258528
- Updated Date : 01/03/2021 at 05:24
CONSTRUCTION
- Beds : 2
- Floor Size : 2,060 sqft
- Baths : 2 full
Listing Agent
Compass Realty & Management, L
Listing Agent's Description
Absolute TURNKEY JEWEL in coveted 55+ SIENA!! Enjoy peace of mind of SECURE GUARD GATED COMMUNITY.. This ORIGINAL OWNER home welcomes you with BRAZILIAN PAVERS & PICTERESQUE COURTYARD! UPGRADED interior-exclusively HARDWOOD/MARBLE flooring & PLANTATION SHUTTERS along w/CROWN MOULDING throughout. KITCHEN features GRANITE...VAULTED CEILING...RECESSED/PENDANT lighting/CHANDELIERS & SKYLIGHTS...GLASS CABINETS..NEWER SS appliances(ALL INCLUDED!)..Huge window off kitchen highlights COLORFUL BACKYARD & GREENBELT filled with MATURE TREES!..OPEN living room off kitchen w/stylish built in bookcases - DEN w/fireplace display is cozy & perfect for TV & Games...Primary bedroom has WET BAR/WINE COOLER, Covered Patio, walk-in closet.. Feel like ROYALTY in primary bath with Marble & NEW GRANITE for En suite double sink & VANITY..Separate tub/shower...Separate laundry room..Private office w/built in desk...FINISHED GARAGE...Please stop by to appreciate the attention to detail! - Furnished considered
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: Siena
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Siena
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,170 |
| EXPENSES | Loan Payment | -$2,140 |
| Property Tax | -$287 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$443
|
||
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.
$579,900
PROJECTED PRICE
$2,170
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 6.7% |
| 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
$159,424
LOAN DETAILS
$2,140
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $144,975 |
| Loan Amount | $434,925 |
2.33
YEARS SAVED
$11,434
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,170
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$2,178
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
10331 Rio De Thule Lane Las Vegas, NV 2
- 2 beds 2 baths ∙ 2,060 Sqft ∙ Built 2005 2 beds 2 baths ∙ 2,060 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $2,170
- $1.05
-
10234 Tresor Las Vegas, NV 1
- 2 beds 2 baths ∙ 1,719 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,719 Sqft ∙ Built 2005
LEASED 06/05/20- Rent
- Rent Per SQFT
- $1,735
- $1.01
-
4917 Leffetto Street Las Vegas, NV 3
- 2 beds 2 baths ∙ 2,132 Sqft ∙ Built 2003 2 beds 2 baths ∙ 2,132 Sqft ∙ Built 2003
LEASED 11/13/19- Rent
- Rent Per SQFT
- $2,250
- $1.06
-
10307 Rio De Thule Lane Las Vegas, NV 4
- 2 beds 3 baths ∙ 2,084 Sqft ∙ Built 2005 2 beds 3 baths ∙ 2,084 Sqft ∙ Built 2005
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,250
- $1.08
-
10366 Premia Place Las Vegas, NV 5
- 2 beds 3 baths ∙ 2,216 Sqft ∙ Built 2004 2 beds 3 baths ∙ 2,216 Sqft ∙ Built 2004
LEASED 09/04/20- Rent
- Rent Per SQFT
- $2,400
- $1.08
PROPERTY LISTING DETAILS
1.702.682.4632
Compass Realty & Management, L
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2258528
Last Updated: 01/03/2021
