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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $308.09
- 3 Days on Market
- MLS # : 2262957
- Updated Date : 01/22/2021 at 17:29
CONSTRUCTION
- Beds : 4
- Floor Size : 4,054 sqft
- Baths : 3 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Contemporary deluxe living w/strip, city & MNT views * Semi custom Toll Brothers home * Living & dining w/access to a courtyard w/fireplace * FAM RM features a cozy fireplace, fantastic bank of windows opening to LG rear covered patio w/Pool& spa, fire pit, B-in BBQ .Well-equipped kitchen features SS Jenn-air appliances, walk-in pantry, lot of cabinet space, large center island with breakfast bar*Gorgeous primary bedroom includes large balcony, luxurious bath w/large shower, jetted tub dual-sink, vanity, two walk-in closets w/B-ins * 10' ceilings thru 1st floor w/crown moldings* marvelous upper-level bonus room* versatile first-floor bedroom with a private bath and custom closet* Crown molding* Custom window coverings*Much More* MUST SEE* PLEASE CALL LA TO SCHEDULE SHOW.
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: The Paseos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Paseos
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $5,530 |
| EXPENSES | Loan Payment | -$4,338 |
| Property Tax | -$914 | |
| Property Insurance | -$106 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$53
|
||
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.
$1,249,000
PROJECTED PRICE
$5,530
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.1% |
| 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
$336,735
LOAN DETAILS
$4,338
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $312,250 |
| Loan Amount | $936,750 |
6
YEARS SAVED
$86,302
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$5,530
LIST RENT -
$1.36
LIST RENT PER SQFT
-
$4,307
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
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12009 Vento Forte Avenue Las Vegas, NV 5
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- $3,575
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- Rent Per SQFT
- $4,500
- $1.12
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1108 Emerald Tint Las Vegas, NV 3
- 4 beds 3 baths ∙ 4,229 Sqft ∙ Built 2001 4 beds 3 baths ∙ 4,229 Sqft ∙ Built 2001
LEASED 07/18/20- Rent
- Rent Per SQFT
- $4,700
- $1.11
-
2022 Country Cove Court Las Vegas, NV 4
- 4 beds 4 baths ∙ 4,274 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,274 Sqft ∙ Built 2005
LEASED 12/14/20- Rent
- Rent Per SQFT
- $4,950
- $1.16
PROPERTY LISTING DETAILS
1.702.682.5262
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2262957
Last Updated: 01/22/2021
