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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $383.23
- 3 Days on Market
- MLS # : 2263436
- Updated Date : 01/23/2021 at 02:54
CONSTRUCTION
- Beds : 4
- Floor Size : 3,601 sqft
- Baths : 2 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Gorgeous Golf, Lake & Mountain views-10th hole-RED ROCK CC! Enter into 2-story Foyer w 2-story Formal LR and attached DR opening to/overlooking pool & views. Upgraded kitchen features center island bkfst bar, custom quartzite stone cntrs, pro SS applncs, tile backsplash, pot filler, walk-in pantry & breakfast nook overlooking courtyard. Large FR w fireplace & wet bar off kitchen w large serving bar into DR. DOWNSTAIRS BEDROOM has WI closet & bath w separate courtyard entrance. Eye-catching staircase w sculpted wrought iron banister leads to circular loft, laundry w dbl washers/dryers & utility sink, 2 add'l secondary ensuite BRs and Master Bedroom Suite w fireplace and large balcony overlooking pool & views. Master Bath features dual sink/vanities, separate tiled shower and separate deep soak tub. Concrete & wood floors. Relaxing backyard has covered patio, saltwater pool/spa/waterfall, NEW landscaping, NEW WiFi landscape and pool pump/heater systems, NEW ACs and did we mention VIEWS!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Red Rock Country Club at Summerlin
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Red Rock Country Club at Summerlin
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,910 |
| EXPENSES | Loan Payment | -$4,793 |
| Property Tax | -$756 | |
| Property Insurance | -$97 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$1,855
|
||
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.
$1,380,000
PROJECTED PRICE
$3,910
PROJECTED RENT
0.28%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.75% |
| Appreciation Year (1-5) | 4.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.56% |
| 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
$371,450
LOAN DETAILS
$4,793
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $345,000 |
| Loan Amount | $1,035,000 |
0.33
YEARS SAVED
$991
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,910
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$2,836
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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11295 Winter Cottage Place Las Vegas, NV 5
- 4 beds 3 baths ∙ 3,601 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,601 Sqft ∙ Built 2000
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- Rent Per SQFT
- $3,910
- $1.09
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11012 Clemmons Court Las Vegas, NV 1
- 5 beds 4 baths ∙ 3,723 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,723 Sqft ∙ Built 2002
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,538
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11007 Turlington Lane Las Vegas, NV 2
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LEASED 10/16/20- Rent
- Rent Per SQFT
- $2,800
- $0.75
-
11041 Onslow Court Las Vegas, NV 3
- 5 beds 2 baths ∙ 3,723 Sqft ∙ Built 2001 5 beds 2 baths ∙ 3,723 Sqft ∙ Built 2001
LEASED 01/12/21- Rent
- Rent Per SQFT
- $2,900
- $0.78
-
3066 Lenoir Street Las Vegas, NV 4
- 5 beds 3 baths ∙ 3,723 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,723 Sqft ∙ Built 2001
LEASED 09/30/20- Rent
- Rent Per SQFT
- $3,495
- $0.94
PROPERTY LISTING DETAILS
1.702.497.3815
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2263436
Last Updated: 01/23/2021
