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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $170.26
- 9 Days on Market
- MLS # : 2261937
- Updated Date : 01/23/2021 at 20:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,226 sqft
- Baths : 3 full
Listing Agent
Keller Williams Market Place I
Listing Agent's Description
Fantastic lovingly cared for Mountain's Edge home with 4 bdrms and 3 full bathrooms. Well laid out downstairs with lots of open space. One bedroom and bathroom downstairs. New stylish LVP solid surface flooring downstairs for easy maintenance. Gorgeous kitchen with granite counter tops, espresso cabinets and stainless steel appliances. Generous bedroom sizes. Primary bedroom suite with bathroom featuring dual sinks, separate tub and shower. Lots of light! Backyard is fully landscaped with oversized covered patio for tranquil setting. This is a great home that can't be missed!!
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: Mountain Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$1,316 |
| Property Tax | -$277 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$23
|
||
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.
$378,995
PROJECTED PRICE
$1,760
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.4% |
| 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
$106,184
LOAN DETAILS
$1,316
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,749 |
| Loan Amount | $284,246 |
5.5
YEARS SAVED
$22,609
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,825
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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- $1,895
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LEASED 12/14/20- Rent
- Rent Per SQFT
- $1,900
- $0.79
PROPERTY LISTING DETAILS
1.702.741.1515
Keller Williams Market Place I
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2261937
Last Updated: 01/23/2021
