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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $245.13
- 3 Days on Market
- MLS # : 2248794
- Updated Date : 11/27/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,509 sqft
- Baths : 2 full
Listing Agent
Squared Realty
Listing Agent's Description
Beautiful 3 bedroom 2 bath home located in the desired Summerlin area of Las Vegas. Very nicely landscaped from the front to the backyard with palms and river rock-backyard features a covered patio area, great for any outdoor function. Interior flooring with tile and carpet in the bedrooms. Nice large kitchen area w/ sliding glass doors leading to patio area. Spacious master bedroom with glass sliders leading to patio area. Washer/Dryer in laundry room. 2 car garage...Close to parks and recreation, shopping, minutes to the 215, and highly rated schools.
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: The Arbors
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Arbors
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$1,365 |
| Property Tax | -$226 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$116
|
||
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.
$369,900
PROJECTED PRICE
$1,650
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.0% |
| 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
$103,774
LOAN DETAILS
$1,365
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,475 |
| Loan Amount | $277,425 |
4.5
YEARS SAVED
$19,324
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,645
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
11228 Rose Reflet Place Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2000
![property image]()
- Rent
- Rent Per SQFT
- $1,650
- $1.09
-
11208 Rose Reflet Place #0 Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 2000
![property image]()
LEASED 06/07/20- Rent
- Rent Per SQFT
- $1,495
- $1.12
-
1300 Dream Bridge Drive Las Vegas, NV 2
- 3 beds 1 baths ∙ 1,509 Sqft ∙ Built 1999 3 beds 1 baths ∙ 1,509 Sqft ∙ Built 1999
![property image]()
LEASED 05/13/20- Rent
- Rent Per SQFT
- $1,600
- $1.06
-
1216 Anime Drive Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 1999
![property image]()
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,650
- $1.09
-
1317 Dream Bridge Drive #0 Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2000
![property image]()
LEASED 10/19/20- Rent
- Rent Per SQFT
- $1,650
- $1.09
PROPERTY LISTING DETAILS
1.702.420.5658
Squared Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2248794
Last Updated: 11/27/2020
