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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $167.71
- 2 Days on Market
- MLS # : 2268203
- Updated Date : 02/06/2021 at 16:01
CONSTRUCTION
- Beds : 4
- Floor Size : 2,057 sqft
- Baths : 2 full , 1 half
Listing Agent
Life Realty District
Listing Agent's Description
Beautiful two story home with Mountain Views and City Views! Beginning with the front lawn to it's spacious rear yard your home is unparalleled! Your kitchen features immaculate counter tops and stainless steel appliances. This beauty hosts two family/living areas, upstairs you will find a spacious master bedroom hosting spectacular city views, and his and hers closets.
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: Sunrise Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunrise Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$217 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$21
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$344,974
PROJECTED PRICE
$1,580
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 12.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.50% |
| 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
$97,168
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,244 |
| Loan Amount | $258,731 |
5.08
YEARS SAVED
$18,056
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,568
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
1241 Honey Lake Street Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,057 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,057 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,580
- $0.77
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1795 Mt Hood Street Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 1981
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,300
- $0.69
-
6137 Kadena Circle Las Vegas, NV 2
- 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1995
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,550
- $0.82
-
6182 Halehaven Drive Las Vegas, NV 3
- 4 beds 2 baths ∙ 1,922 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,922 Sqft ∙ Built 1997
LEASED 09/14/20- Rent
- Rent Per SQFT
- $1,550
- $0.81
-
1911 Eskam Street Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 2005
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,550
- $0.73
PROPERTY LISTING DETAILS
1.702.353.8790
Life Realty District
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2268203
Last Updated: 02/06/2021
