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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $160.13
- 5 Days on Market
- MLS # : 2272073
- Updated Date : 02/26/2021 at 16:36
CONSTRUCTION
- Beds : 4
- Floor Size : 3,185 sqft
- Baths : 2 full
Listing Agent
Bhgre Universal
Listing Agent's Description
Beautiful 4 bedroom home in gated community. Peaceful backyard oasis with heated pool/spa, waterfall, big koi pond and palm trees make you feel like you are on vacation. All appliances stay with property. Ready for new family. Newly painted inside and out. Guest bedrooms are good sized. Kitchen has granite counter tops, island, breakfast bar and pantry. Patio cover, refrigerator, washer, dryer, pool heater, pool pump, pool filter assembly and water heater are all only a few years old. 3 car tandem garage has rear garage door that opens to the back yard for easy access to pool and landscaping areas. Home features individual water shutoffs for all areas. Back yard features lots of shade all year round with 2 waterfalls to get you in that tropical mood. Great area with lots of nearby parks and hiking spots.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Monument at Lone Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Monument at Lone Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,380 |
| EXPENSES | Loan Payment | -$1,771 |
| Property Tax | -$384 | |
| Property Insurance | -$89 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$17
|
||
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.
$510,000
PROJECTED PRICE
$2,380
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.1% |
| 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
$140,900
LOAN DETAILS
$1,771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $127,500 |
| Loan Amount | $382,500 |
5.92
YEARS SAVED
$34,384
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,380
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$2,460
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
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- $2,295
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LEASED 12/16/19- Rent
- Rent Per SQFT
- $2,400
- $0.76
-
10705 Cliff Mountain Avenue Las Vegas, NV 4
- 5 beds 3 baths ∙ 3,405 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,405 Sqft ∙ Built 2003
LEASED 05/28/20- Rent
- Rent Per SQFT
- $2,425
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-
4046 Laurel Flat Court Las Vegas, NV 5
- 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 2001
LEASED 11/08/19- Rent
- Rent Per SQFT
- $2,750
- $0.82
PROPERTY LISTING DETAILS
1.702.400.9440
Bhgre Universal
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2272073
Last Updated: 02/26/2021
