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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $233.16
- 4 Days on Market
- MLS # : 2256324
- Updated Date : 12/18/2020 at 12:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,372 sqft
- Baths : 2 full
Listing Agent
Rustic Properties
Listing Agent's Description
FULLY RENOVATED 3 BEDROOM SINGLE STORY POOL HOUSE ON MASSIVE LOT!!! This house received a head-to-toe DESIGNER makeover: ALL NEW roof, ALL NEW interior/exterior paint, ALL NEW waterproof LVP flooring, ALL NEW quartz counters throughout, ALL NEW fixtures/hardware, REFINISHED pool area with BRAND NEW EQUIPMENT, AND SO MUCH MORE!!! The floor plan features an UPDATED oversized kitchen, HUGE living room with DESIGNER SELECTED tile fireplace/surround, and RESORT-STYLE backyard with large swimming pool!!! IDEALLY situated near parks, shopping, dining, SCHEDULE A TOUR TODAY!!!
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$1,180 |
| Property Tax | -$123 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$76
|
||
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.
$319,900
PROJECTED PRICE
$1,400
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.4% |
| 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
$90,524
LOAN DETAILS
$1,180
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
5.08
YEARS SAVED
$19,330
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,399
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
1146 Hacienda Avenue Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $1,400
- $1.02
-
1031 East Hacienda Avenue Las Vegas, NV 1
- 4 beds 1 baths ∙ 1,296 Sqft ∙ Built 1963 4 beds 1 baths ∙ 1,296 Sqft ∙ Built 1963
LEASED 11/05/20- Rent
- Rent Per SQFT
- $1,150
- $0.89
-
942 Toni Avenue Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,212 Sqft ∙ Built 1961
LEASED 01/29/20- Rent
- Rent Per SQFT
- $1,250
- $1.03
-
5373 Maryland Parkway Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1963
LEASED 07/29/20- Rent
- Rent Per SQFT
- $1,350
- $1.14
-
5272 Maryland Parkway #a Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1978
LEASED 12/17/20- Rent
- Rent Per SQFT
- $1,380
- $1.02
PROPERTY LISTING DETAILS
1.702.551.4381
Rustic Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256324
Last Updated: 12/18/2020
