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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $224.40
- 3 Days on Market
- MLS # : 2271556
- Updated Date : 02/19/2021 at 23:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,426 sqft
- Baths : 2 full
Listing Agent
Leading Vegas Realty
Listing Agent's Description
3 Bed 2 Bath Cozy Single Story in the Southwest!! Location Location Location!! CORNER LOT!! Pride of Ownership!! New Wood Laminate Flooring with Neutral Neutral Tone Paint! Kitchen has White Cabinets with Granite Countertop and Stainless Steel Appliances! Spacious Master Bedroom and Master Bathroom has Separate Shower and Tub!! Low Maintenance Backyard!! Gated Community with Community Pool!!
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: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,360 |
| EXPENSES | Loan Payment | -$1,111 |
| Property Tax | -$201 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$126
|
||
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.
$320,000
PROJECTED PRICE
$1,360
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.8% |
| 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
$90,550
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
3.92
YEARS SAVED
$11,468
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,360
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,362
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
10494 Glenna Lodge Street Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,360
- $0.95
-
6247 Shamrock Lake Avenue Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2006
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,350
- $0.95
-
6327 Sun Briar Court Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,514 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,514 Sqft ∙ Built 2004
LEASED 10/28/20- Rent
- Rent Per SQFT
- $1,375
- $0.91
-
10654 El Camino Road Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,514 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,514 Sqft ∙ Built 2004
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.92
-
6271 Majestic Hills Avenue Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,385 Sqft ∙ Built 2006
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,440
- $1.04
PROPERTY LISTING DETAILS
1.702.340.3579
Leading Vegas Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271556
Last Updated: 02/19/2021
