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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $220.65
- 10 Days on Market
- MLS # : 2270196
- Updated Date : 02/21/2021 at 01:30
CONSTRUCTION
- Beds : 2
- Floor Size : 2,334 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group, Inc
Listing Agent's Description
Beautiful Single Story. 2 Bedroom with 2,334 sf on corner lot with covered patio. Beautiful Granite Kitchen Countertops ,breakfast bar, skylight and Tile Flooring. Master bathroom,separate tub and shower, double sinks,large walking closet Tall raised panel interior doors,goregous lighting,Pride of Ownership throughout. Great Location in the the development.Conveniently located near shopping,golf,community center and highways. Spacious family room w/access to covered patio and great size lot on corner. Bring your buyers and don't miss out on this beautiful home.
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: Sun City Summerlin
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Summerlin
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,410 |
| EXPENSES | Loan Payment | -$1,789 |
| Property Tax | -$333 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$97
|
||
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.
$515,000
PROJECTED PRICE
$2,410
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| 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
$142,225
LOAN DETAILS
$1,789
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $128,750 |
| Loan Amount | $386,250 |
6.67
YEARS SAVED
$42,321
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,410
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$2,194
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
10653 Clarion Lane Las Vegas, NV 3
- 2 beds 3 baths ∙ 2,334 Sqft ∙ Built 1997 2 beds 3 baths ∙ 2,334 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $2,410
- $1.03
-
2024 Summer Blossom Court #101 Las Vegas, NV 1
- 2 beds 3 baths ∙ 2,047 Sqft ∙ Built 1996 2 beds 3 baths ∙ 2,047 Sqft ∙ Built 1996
![property image]()
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,900
- $0.93
-
1924 Summer Pine Court #101 Las Vegas, NV 2
- 2 beds 3 baths ∙ 2,047 Sqft ∙ Built 1996 2 beds 3 baths ∙ 2,047 Sqft ∙ Built 1996
![property image]()
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,950
- $0.95
PROPERTY LISTING DETAILS
1.702.595.6018
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2270196
Last Updated: 02/21/2021
