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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $142.05
- 5 Days on Market
- MLS # : 2249148
- Updated Date : 11/19/2020 at 15:02
CONSTRUCTION
- Beds : 4
- Floor Size : 3,168 sqft
- Baths : 3 full , 1 half
Listing Agent
Rothwell Gornt Companies
Listing Agent's Description
IMMACULATE HOME IN MOUNTAINS EDGE. THERE ARE DUAL MASTER SUITS. FIRST FLOOR HAS MODERN GREY TILE THROUGHOUT, A IN-LAW SUITE WITH WALK IN CLOSET, DUAL SINKS AND GLASS ENCLOSED SHOWER. ALSO A LARGE DEN THAT LEADS TO YOUR BACK YARD THAT IS BEAUTIFULLY LANDSCAPED WITH TREES, TURF, PAVERS, COVERED PATIO AND SPA! SECOND FLOOR IS A LARGE GREAT ROOM PERFECT FOR ENTERTAINING THAT HAS KITCHEN, WITH WALK IN PANTRY, WHITE CABINETS, STAINLESS APPLIANCES,GRANITE COUNTERS, AND LARGE ISLAND LEADING INTO YOUR DINING AND LIVING AREA THAT HAS PLENTY OF WINDOWS FOR NATURAL LIGHT AND A BALCONY. 3RD FLOOR HAS 3 BEDROOMS WITH A SPLIT FLOOR PLAN. 2 GUEST ROOMS ON ONE SIDE WITH A SMALL LOFT AREA WITH BUILT IN CABINETS IN BETWEEN. THE MASTER BEDROOM HAS A LARGE WALK-IN CLOSET, HIS AND HER SINKS IN THE BATH, A LARGER TUB FOR SOAKING AND A GLASS ENCLOSED SHOWER. THERE ARE CEILING FANS IN EVERY ROOM AND CUSTOM WINDOW COVERINGS.
SEE MORE
- 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)
- 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)
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 | $2,190 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$386 | |
| Property Insurance | -$89 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$64
|
||
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.
$449,999
PROJECTED PRICE
$2,190
PROJECTED RENT
0.49%
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
$125,000
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,500 |
| Loan Amount | $337,499 |
5.25
YEARS SAVED
$28,591
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,190
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$2,249
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
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10959 Hunting Hawk Las Vegas, NV 1
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LEASED 06/19/20- Rent
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- $2,100
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-
10450 Val Piora Street Las Vegas, NV 4
- 4 beds 4 baths ∙ 3,164 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,164 Sqft ∙ Built 2010
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,400
- $0.76
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7288 Crow Canyon Avenue Las Vegas, NV 5
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LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,495
- $0.75
PROPERTY LISTING DETAILS
1.702.884.8276
Rothwell Gornt Companies
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2249148
Last Updated: 11/19/2020
