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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $231.26
- 2 Days on Market
- MLS # : 2265370
- Updated Date : 01/30/2021 at 21:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,708 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty Las Vegas
Listing Agent's Description
SUMMERLIN*THE VISTAS*SID PAID OFF NEXT PAYMENT*LOW $48/MO HOA*3 bedroom, 2 1/2 bath, 2 car garage*Great room plan with ceiling fan, 9' media niche & laminate flooring*9' ceiling down*Kitchen features stunning 'Black Stainless Steel' appliances only 2 years old - including refrigerator, stove, microwave & dishwasher - plus island, corian like counters, tile flooring & R/O*Spacious dining area*Computer loft*Primary bedroom separate with 12' walk-in closet & ceiling fan*Primary bathroom features double sinks, separate tub & shower*Guest bedrooms 2 & 3 feature ceiling fans*Wonderful North-facing backyard features extended patio for outdoor entertaining*Water heater approximately 2 years old*Both sprinkler manifolds just replaced*Amazing & highly rated schools*Ring doorbell & Alarm*Water softener*No carpet downstairs*New carpet with upgraded padding*
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: The Vistas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Vistas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,630 |
EXPENSES | Loan Payment | -$1,372 |
Property Tax | -$256 | |
Property Insurance | -$60 | |
Property Management Fees | -$119 | |
CASH FLOW
-$178
|
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.
$395,000
PROJECTED PRICE
$1,630
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.05% |
Appreciation Year (1-5) | 6.9% |
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
$110,425
LOAN DETAILS
$1,372
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $98,750 |
Loan Amount | $296,250 |
3.58
YEARS SAVED
$12,406
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,631
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.702.460.5080
Keller Williams Realty Las Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2265370
Last Updated: 01/30/2021