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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $243.54
- 5 Days on Market
- MLS # : 2271056
- Updated Date : 02/21/2021 at 05:51
CONSTRUCTION
- Beds : 4
- Floor Size : 2,648 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty Southwe
Listing Agent's Description
DON'T MISS OUT ON THIS GOLF-FRONTAGE OPPORTUNITY in beautiful, guard-gated Tuscany. 4 Bedrooms (1 on 1st Floor), 3 Full Baths with gorgeous porcelain-tiled kitchen and living area. Enjoy sunset overlooking the 5th fairway of Chimera Golf Course while dipping your toes in the pool/spa. Front courtyard with custom wrought-iron gate adorn the front and a 3-car oversized garage provides plenty of storage space. The kitchen features stainless appliances, granite countertops with an island perfect for gatherings. The great room meets the large, open 2-story foyer, giving the home a very open and airy feel. Attention to detail shows throughout, from the entranceway to the rear yard. Meticulously maintained. Please see the virtual tour and Matterport for virtual walk-through. Home was built in 2015. TVs and wall lamps in primary bedroom do not convey.
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: Calico Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Calico Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,230 |
| EXPENSES | Loan Payment | -$2,240 |
| Property Tax | -$353 | |
| Property Insurance | -$78 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$561
|
||
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.
$644,900
PROJECTED PRICE
$2,230
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.7% |
| 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
$176,649
LOAN DETAILS
$2,240
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $161,225 |
| Loan Amount | $483,675 |
1.58
YEARS SAVED
$5,978
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,230
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,191
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
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- $2,400
- $0.90
PROPERTY LISTING DETAILS
1.702.955.4335
Keller Williams Realty Southwe
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271056
Last Updated: 02/21/2021
