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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $164.47
- 4 Days on Market
- MLS # : 2261484
- Updated Date : 01/14/2021 at 18:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,976 sqft
- Baths : 3 full , 1 half
Listing Agent
Platinum R.e. Professionals
Listing Agent's Description
WOW!!! This Incredibly well kept Southwest Corner Lot Home with a Great Layout has 3 Beds, 3.5 Bath & Downstairs Loft Area that Opens to the yard. Open Kitchen w/ Island, Breakfast Bar, Stainless Steel Appliances, Eating Area & Patio. Large Master Bed w/ Walk-In Closet and Master Bath w/ Tub, Dual Sinks and Great Light. Large Storage areas Throughout the House. All Beds Upstairs. Huge 80 gal Water Heater. ***TYPE IN ADDRESS ON ZILLOW FOR VIRTUAL TOUR***
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 | $1,650 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$227 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$110
|
||
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.
$324,999
PROJECTED PRICE
$1,650
PROJECTED RENT
0.51%
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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,749 |
7.58
YEARS SAVED
$31,664
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,680
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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10551 Longoria Garden Street Las Vegas, NV 4
- 3 beds 4 baths ∙ 1,976 Sqft ∙ Built 2007 3 beds 4 baths ∙ 1,976 Sqft ∙ Built 2007
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- Rent Per SQFT
- $1,650
- $0.84
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6413 Foxen Court Las Vegas, NV 1
- 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 2010
LEASED 11/02/20- Rent
- Rent Per SQFT
- $1,500
- $0.83
-
10557 Longoria Garden Street #- Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,813 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,813 Sqft ∙ Built 2007
LEASED 11/29/20- Rent
- Rent Per SQFT
- $1,595
- $0.88
-
10591 Mann Street Las Vegas, NV 3
- 3 beds 4 baths ∙ 1,976 Sqft ∙ Built 2007 3 beds 4 baths ∙ 1,976 Sqft ∙ Built 2007
LEASED 01/06/21- Rent
- Rent Per SQFT
- $1,595
- $0.81
-
10453 Mann Street #0 Las Vegas, NV 5
- 4 beds 4 baths ∙ 1,976 Sqft ∙ Built 2010 4 beds 4 baths ∙ 1,976 Sqft ∙ Built 2010
LEASED 04/08/20- Rent
- Rent Per SQFT
- $1,740
- $0.88
PROPERTY LISTING DETAILS
1.702.553.5589
Platinum R.e. Professionals
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2261484
Last Updated: 01/14/2021
