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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $342.41
- 2 Days on Market
- MLS # : 2263848
- Updated Date : 01/23/2021 at 23:30
CONSTRUCTION
- Beds : 2
- Floor Size : 1,396 sqft
- Baths : 2 full , 1 half
Listing Agent
Award Realty
Listing Agent's Description
ATTRACTIVE & UPGRADED SIENA '5120' W/ POOL, CURB APPEAL, CULTURED STONE, FAUX SOD, GATED COURTYARD, DBL BEVELED GLASS ENTRY DOOR, FULL FENCED REAR, APPROX 1396/SF, 2 BED, 2 BATH, DEN, OPEN GREAT RM W/ ELECTRIC FIREPLACE & WOOD SURROUND, GLASS/MIRROR SHELVING IN DINING AREA, KITCHEN W/ GRANITE, STAINLESS APPLIANCES, TILE & SHUTTERS T/O, ALARM, SKYLIGHTS, FANS, BAY WINDOWS, SOLAR PANELS HEAT THE POOL & ARE OWNED W/ NO COST TO THE BUYER, 2 CAR GARAGE W/ STORAGE, LG DECK/COVERED PATIO/TRELLIS, PLUS MUCH MORE!
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: 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 | $1,860 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$245 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$219
|
||
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.
$478,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.39%
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
$132,420
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $119,500 |
| Loan Amount | $358,500 |
3.58
YEARS SAVED
$15,262
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$1.33
LIST RENT PER SQFT
-
$1,546
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
10486 Melodia Magico Avenue Las Vegas, NV 5
- 2 beds 3 baths ∙ 1,396 Sqft ∙ Built 2002 2 beds 3 baths ∙ 1,396 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,860
- $1.33
-
4427 Bella Cascada Street Las Vegas, NV 1
- 2 beds 1 baths ∙ 1,396 Sqft ∙ Built 2000 2 beds 1 baths ∙ 1,396 Sqft ∙ Built 2000
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,550
- $1.11
-
10538 Santo Marco Las Vegas, NV 2
- 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,414 Sqft ∙ Built 2002
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,650
- $1.17
-
4559 Regalo Bello Street Las Vegas, NV 3
- 2 beds 1 baths ∙ 1,589 Sqft ∙ Built 2003 2 beds 1 baths ∙ 1,589 Sqft ∙ Built 2003
LEASED 09/08/20- Rent
- Rent Per SQFT
- $1,700
- $1.07
-
10540 Riva Grande Court Las Vegas, NV 4
- 2 beds 1 baths ∙ 1,621 Sqft ∙ Built 2002 2 beds 1 baths ∙ 1,621 Sqft ∙ Built 2002
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,750
- $1.08
PROPERTY LISTING DETAILS
1.702.429.9190
Award Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2263848
Last Updated: 01/23/2021
