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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $255.76
- 4 Days on Market
- MLS # : 2272648
- Updated Date : 02/26/2021 at 18:11
CONSTRUCTION
- Beds : 2
- Floor Size : 1,388 sqft
- Baths : 1 full
Listing Agent
Huntington & Ellis, A Real Est
Listing Agent's Description
Beautiful single story, 2-bedroom home with strip views in Sun City Summerlin is move-in ready! This home has an elevated lot and has lots of curb appeal. With an open concept floor plan, this home displays new laminate and carpet flooring throughout. Vaulted ceilings, lots of natural light, and a large mirrored accent wall greet you as you enter the home. Spacious kitchen looks out to the backyard past the formal dining room. Its backyard offers maintenance free landscaping and a large partially covered patio for enjoying the strip and mountain views. Mirrored closets and ceiling fans also highlight the airiness and light of this home! A must see!
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: 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 | $1,530 |
| EXPENSES | Loan Payment | -$1,233 |
| Property Tax | -$220 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$96
|
||
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.
$354,999
PROJECTED PRICE
$1,530
PROJECTED RENT
0.43%
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
$99,825
LOAN DETAILS
$1,233
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $88,750 |
| Loan Amount | $266,249 |
4.42
YEARS SAVED
$15,371
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,530
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,544
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
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11017 Hawk Valley Avenue Las Vegas, NV 4
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LEASED 08/28/20- Rent
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- $1,500
- $1.10
-
2549 Banora Point Drive Las Vegas, NV 3
- 2 beds 2 baths ∙ 1,388 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,388 Sqft ∙ Built 1995
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,500
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10808 Dover Creek Avenue Las Vegas, NV 5
- 2 beds 3 baths ∙ 1,520 Sqft ∙ Built 1999 2 beds 3 baths ∙ 1,520 Sqft ∙ Built 1999
LEASED 12/07/20- Rent
- Rent Per SQFT
- $1,695
- $1.12
PROPERTY LISTING DETAILS
1.702.956.3036
Huntington & Ellis, A Real Est
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2272648
Last Updated: 02/26/2021
