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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $244.09
- 3 Days on Market
- MLS # : 2280201
- Updated Date : 03/20/2021 at 03:00
CONSTRUCTION
- Beds : 2
- Floor Size : 1,184 sqft
- Baths : 2 full
Listing Agent
Simply Vegas
Listing Agent's Description
This beautiful single-family home sits on an oversized corner lot. It boasts dual bedroom suites with attached bathrooms and walk-in closets. The home has brand new Anderson sliding doors and windows (less than 1yr old, valued at $17,900), solid bamboo flooring, 1 newly carpeted bedroom, and tile in each bathroom. The kitchen has tile countertops, a walk-in pantry, built-in microwave, and all appliances are included. Bathrooms have been recently painted and have updated sinks and fixtures. All of the electrical plugs and switches have been updated, lighting has been converted to LED, and there are new remote-controlled LED fans in each bedroom and living room. Popcorns ceilings have been removed, walls have been retextured and freshly painted with 6" baseboard. The exterior of the home has been freshly painted and new xeriscape landscaping has been added near the front entry.
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: Angel Park Lindell
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Angel Park Lindell
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,280 |
| EXPENSES | Loan Payment | -$1,004 |
| Property Tax | -$134 | |
| Property Insurance | -$50 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$27
|
||
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.
$289,000
PROJECTED PRICE
$1,280
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 11.1% |
| 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
$82,335
LOAN DETAILS
$1,004
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,250 |
| Loan Amount | $216,750 |
5.5
YEARS SAVED
$17,121
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,280
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$1,264
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
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112 Jon Belger Drive Las Vegas, NV 3
- 2 beds 2 baths ∙ 1,184 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,184 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,280
- $1.08
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350 Durango Drive #203 Las Vegas, NV 1
- 2 beds 2 baths ∙ 1,016 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,016 Sqft ∙ Built 1997
LEASED 12/17/20- Rent
- Rent Per SQFT
- $1,100
- $1.08
-
8416 White Eagle Avenue #201 Las Vegas, NV 2
- 2 beds 1 baths ∙ 1,108 Sqft ∙ Built 1994 2 beds 1 baths ∙ 1,108 Sqft ∙ Built 1994
LEASED 10/06/20- Rent
- Rent Per SQFT
- $1,200
- $1.08
-
7804 Sparkle Avenue Las Vegas, NV 4
- 2 beds 2 baths ∙ 1,234 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,234 Sqft ∙ Built 1984
LEASED 07/28/20- Rent
- Rent Per SQFT
- $1,300
- $1.05
-
8207 Misty Island Circle #0 Las Vegas, NV 5
- 2 beds 1 baths ∙ 1,322 Sqft ∙ Built 1992 2 beds 1 baths ∙ 1,322 Sqft ∙ Built 1992
LEASED 03/23/20- Rent
- Rent Per SQFT
- $1,395
- $1.06
PROPERTY LISTING DETAILS
1.702.303.7946
Simply Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2280201
Last Updated: 03/20/2021
