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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $219.10
- 3 Days on Market
- MLS # : 2271588
- Updated Date : 02/20/2021 at 16:11
CONSTRUCTION
- Beds : 3
- Floor Size : 1,529 sqft
- Baths : 2 full , 1 half
Listing Agent
The Brokerage A Re Firm
Listing Agent's Description
Beautiful well kept two story home is located conveniently close to shopping, dining and freeway access. This home has 3 Bedrooms 2.5 baths. Nice open master suite with a walk in closet. The two additional bedrooms share a Jack and Jill bathroom. The kitchen has all matching stainless steel appliances with a walk in pantry. Come see this beautiful home today.
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: Silverado Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Silverado Ranch
* 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 | -$1,164 |
| Property Tax | -$169 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$142
|
||
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.
$335,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.2% |
| 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
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
8.17
YEARS SAVED
$35,906
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 -
$1.08
LIST RENT PER SQFT
-
$1,724
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
1174 Stormy Valley Road Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,529 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,529 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $1,650
- $1.08
-
9101 Cedeno Street Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1998
![property image]()
LEASED 02/25/20- Rent
- Rent Per SQFT
- $1,550
- $1.06
-
1178 Antoinette Street Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,529 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,529 Sqft ∙ Built 2000
![property image]()
LEASED 04/14/20- Rent
- Rent Per SQFT
- $1,595
- $1.04
-
1166 Antoinette Street Las Vegas, NV 4
- 3 beds 1 baths ∙ 1,416 Sqft ∙ Built 2000 3 beds 1 baths ∙ 1,416 Sqft ∙ Built 2000
![property image]()
LEASED 01/25/21- Rent
- Rent Per SQFT
- $1,695
- $1.20
-
1194 Stormy Valley Road Las Vegas, NV 5
- 3 beds 3 baths ∙ 1,529 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,529 Sqft ∙ Built 1997
![property image]()
LEASED 09/29/20- Rent
- Rent Per SQFT
- $1,850
- $1.21
PROPERTY LISTING DETAILS
1.702.800.9619
The Brokerage A Re Firm
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271588
Last Updated: 02/20/2021
