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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $171.36
- 2 Days on Market
- MLS # : 2271783
- Updated Date : 02/21/2021 at 00:44
CONSTRUCTION
- Beds : 3
- Floor Size : 2,130 sqft
- Baths : 1 full , 1 half
Listing Agent
Era Brokers Consolidated
Listing Agent's Description
Great home with Stunning Views every direction from roof top deck!Located in gated community in Providence.Community pool in sub.div.and walking trails & Parks!The roof top deck is huge & perfect for BBQ- Patio Etc. for Relaxation,and Amazing Views.Access to backyd thru 1st floor. also nice sized side yd.Kitchen upgraded,recessed lighting,Stainless steelappliances,granite counter,LD Lights,walk in pantry,extra butler area in kitchen.Both Bathrooms have double sinks Master large shower and extra large walkin Closets. Tankless hot water tank for more spacious garage with some built in shelves. Ideal Home -Great Location- and Spectacular Views-Thank You for showing
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: Cliffs Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cliffs Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$279 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$14
|
||
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.
$365,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 7.9% |
| 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
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
5.58
YEARS SAVED
$22,342
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,757
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
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10745 Fenway Park Avenue Las Vegas, NV 3
- 3 beds 2 baths ∙ 2,130 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,130 Sqft ∙ Built 2014
![property image]()
- Rent
- Rent Per SQFT
- $1,720
- $0.81
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10722 La Florentina Avenue Las Vegas, NV 1
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LEASED 05/14/20- Rent
- Rent Per SQFT
- $1,680
- $0.81
-
10746 Fenway Park Avenue Las Vegas, NV 2
- 3 beds 3 baths ∙ 2,006 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,006 Sqft ∙ Built 2016
![property image]()
LEASED 09/09/20- Rent
- Rent Per SQFT
- $1,700
- $0.85
-
10726 Wrigley Field Avenue Las Vegas, NV 4
- 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 2014
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.77
-
6863 Quindio Street Las Vegas, NV 5
- 3 beds 3 baths ∙ 2,018 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,018 Sqft ∙ Built 2008
![property image]()
LEASED 11/04/20- Rent
- Rent Per SQFT
- $1,750
- $0.87
PROPERTY LISTING DETAILS
1.702.807.5922
Era Brokers Consolidated
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271783
Last Updated: 02/21/2021
