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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $218.42
- 3 Days on Market
- MLS # : 2259763
- Updated Date : 01/08/2021 at 22:54
CONSTRUCTION
- Beds : 4
- Floor Size : 2,106 sqft
- Baths : 2 full , 1 half
Listing Agent
Simply Vegas
Listing Agent's Description
This Charming Gem in Summerlin is the perfect house to call HOME ~ Located in a cul da sac this home features tons of Living Space and Storage ~ Front formal living and dining room ~ Kitchen with granite island, lots of cabinet and counter space with Dining Nook area that opens to the Spacious and Bright Family Room that features a cozy fireplace ~ All bedrooms Upstairs ~ Large Primary bedroom with walk-in closet, dual sink vanity, separate shower and soaker tub ~ All spacious bedrooms with fans and large closets ~ Beautiful mature effortless landscaping in front and back ~ Covered Aluma-Wood patio cover and Patio slab with electrical hook up ready for a relaxing spa ~ Garage features storage cabinets, workbench with tool display and freezer ~ All major systems checked annually ~ Easy access to freeways, school and shops...plus all the wonderful amenities that Summerlin has to offer!
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 Arbors
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Arbors
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,598 |
| Property Tax | -$266 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$231
|
||
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.
$459,999
PROJECTED PRICE
$1,820
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.0% |
| 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
$127,650
LOAN DETAILS
$1,598
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $115,000 |
| Loan Amount | $344,999 |
3.42
YEARS SAVED
$13,060
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,880
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
10613 Gum Tree Court Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $1,820
- $0.86
-
10608 Olivebranch Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,987 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,987 Sqft ∙ Built 1999
![property image]()
LEASED 04/06/20- Rent
- Rent Per SQFT
- $1,615
- $0.81
-
1017 Royal Birch Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 2000
![property image]()
LEASED 04/09/20- Rent
- Rent Per SQFT
- $1,800
- $0.85
-
921 Royal Birch Lane Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1999
![property image]()
LEASED 12/09/20- Rent
- Rent Per SQFT
- $1,900
- $0.90
-
10601 Gum Tree Court Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,987 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,987 Sqft ∙ Built 1999
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,000
- $1.01
PROPERTY LISTING DETAILS
1.702.349.1000
Simply Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2259763
Last Updated: 01/08/2021
