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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $243.63
- 6 Days on Market
- MLS # : 2270669
- Updated Date : 02/21/2021 at 01:01
CONSTRUCTION
- Beds : 4
- Floor Size : 2,865 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group Inc
Listing Agent's Description
Must See!! One of Summerlin's most desired family neighborhoods. Walking distance to Downtown Summerlin and 2 major Summerlin parks with strolling trails. Popular family floorplan featuring 4 bedrooms and 4 bathrooms with master separate from others, see through fireplace from the family room into the living room, 2 full car garage with apoxy floors and adjacent 3rd garage, ADT alarm system with cameras in front and back and connected to all rooms, $37,000 solar panels installed in 2020 and solar heated pool, pool with saltwater cell, California Closets built-ins in master, reverse osmosis in kitchen, water softner system, plantation shutters. To much to mention! Will sell quickly. NO SID/LID!
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: The Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,960 |
| EXPENSES | Loan Payment | -$2,424 |
| Property Tax | -$388 | |
| Property Insurance | -$83 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$54
|
||
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.
$698,000
PROJECTED PRICE
$2,960
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.3% |
| 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
$190,720
LOAN DETAILS
$2,424
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $174,500 |
| Loan Amount | $523,500 |
5.5
YEARS SAVED
$42,042
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,960
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$2,621
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
10554 Abbotsbury Drive Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,865 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,865 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $2,960
- $1.03
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2882 Windset Court Las Vegas, NV 1
- 4 beds 4 baths ∙ 3,027 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,027 Sqft ∙ Built 2000
LEASED 03/30/20- Rent
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- $2,495
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11070 Crystal Crest Court Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 2002
LEASED 08/10/20- Rent
- Rent Per SQFT
- $2,500
- $0.94
-
3155 Heidelberg Street Las Vegas, NV 3
- 3 beds 3 baths ∙ 2,838 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,838 Sqft ∙ Built 1999
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,600
- $0.92
-
10505 Abbotsbury Drive #na Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,865 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,865 Sqft ∙ Built 2001
LEASED 08/31/20- Rent
- Rent Per SQFT
- $2,800
- $0.98
PROPERTY LISTING DETAILS
1.503.916.9825
Realty One Group Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2270669
Last Updated: 02/21/2021
