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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $171.32
- 3 Days on Market
- MLS # : 2249974
- Updated Date : 11/21/2020 at 10:53
CONSTRUCTION
- Beds : 3
- Floor Size : 2,043 sqft
- Baths : 2 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Original owners w/pride of Ownership*Beautiful Gated Community w/pool, exercise room, kids playground*FULLY BUILDER UPGRADED! 3 Spacious Bedrooms plus a den & a roomy Great Room* Gourmet Kitchen with like new top of the line Whirlpool S/S appliances(including French Door Refrigerator)& S/S sink w/double wall ovens*Gorgeous Quartz Counter Tops & Stunning Backsplash*HIGHLY UPGRADED Kitchen Cabinets w/soft close drawers & Deep Pot Drawers*Breakfast Bar*Large Dining area, HOA maintains Front Landscaping*Insulated Hot Water Tank*High-end Water Softener*Top of the line Samsung Washer/Dryer*Ceiling Fans through out*Large Walk in Closest in Master bedroom*Master Baths has a Huge Walk in Shower with culture Marble enclosure*Tile Flooring in all bathrooms & laundry room*Spacious outdoor private living area w/pavers & low maintenance artificial grass*Like NEW COVERED OUTDOOR SPA*PLANTATION SHUTTERS Throughout*Security Door*Prewired Alarm system*18 minute drives to the Brand New Allegiant Stadium
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 | $1,770 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$255 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$38
|
||
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.
$350,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.51%
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
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
6.58
YEARS SAVED
$31,901
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,798
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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- $1,550
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- 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,880 Sqft ∙ Built 2012
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- $1,600
- $0.85
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7198 Kiowa Peak Avenue Las Vegas, NV 3
- 4 beds 3 baths ∙ 1,891 Sqft ∙ Built 2008 4 beds 3 baths ∙ 1,891 Sqft ∙ Built 2008
LEASED 09/18/20- Rent
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- $1,699
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10986 Cherokee Landing Street Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2007
LEASED 11/27/19- Rent
- Rent Per SQFT
- $1,800
- $0.96
PROPERTY LISTING DETAILS
1.702.481.9113
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2249974
Last Updated: 11/21/2020
