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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $282.53
- 5 Days on Market
- MLS # : 2257422
- Updated Date : 12/24/2020 at 11:24
CONSTRUCTION
- Beds : 4
- Floor Size : 3,005 sqft
- Baths : 2 full , 1 half
Listing Agent
Simply Vegas
Listing Agent's Description
AMAZING LAKE VIEWS, w/3 CAR + 42 ft. MOTORHOME GARAGE. This fantastic, custom built, 0.4 acre, 4BD, 3.5BA Boulder City home is the perfect find. Open floorplan offers 3005 total sq. ft of functional, spacious, single-story living area. Home sits above garage areas to maximize unobstructed lake/mountain/city views from every room. Situated on a quiet street w/great curb appeal, it feels like its own get-away. Everything is upgraded & is in move-in ready condition. Interior features vaulted ceilings, new neutral paint throughout, wood flooring, large great room, adjoining dining room & separate living room. Center island granite kitchen, upgraded bathroom features, built-in office system & custom window treatments. Oversized 3-car garage w/large work & storage areas, water treatment system. 42Lx14Wx13H motorhome garage w/50-amp power. Exterior features open spaces, privacy, dual driveways, top deck entertainment/BBQ area w/amazing views & covered rear patio deck. Visit 3D virtual tour.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 89005
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 89005
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,670 |
| EXPENSES | Loan Payment | -$3,132 |
| Property Tax | -$394 | |
| Property Insurance | -$85 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$1,061
|
||
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.
$849,000
PROJECTED PRICE
$2,670
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 7.3% |
| 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
$230,735
LOAN DETAILS
$3,132
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $212,250 |
| Loan Amount | $636,750 |
0.58
YEARS SAVED
$1,933
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,670
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,682
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
1247 Tamarisk Lane Boulder City, NV 4
- 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,005 Sqft ∙ Built 1988
![property image]()
- Rent
- Rent Per SQFT
- $2,670
- $0.89
-
680 Blue Lake Court Boulder City, NV 1
- 3 beds 2 baths ∙ 2,656 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,656 Sqft ∙ Built 2001
![property image]()
LEASED 07/30/19- Rent
- Rent Per SQFT
- $2,300
- $0.87
-
1544 Mancha Drive Boulder City, NV 2
- 3 beds 3 baths ∙ 3,098 Sqft ∙ Built 1977 3 beds 3 baths ∙ 3,098 Sqft ∙ Built 1977
![property image]()
LEASED 11/20/20- Rent
- Rent Per SQFT
- $2,500
- $0.81
-
305 Barcelona Boulder City, NV 3
- 4 beds 2 baths ∙ 2,693 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,693 Sqft ∙ Built 1998
![property image]()
LEASED 04/24/20- Rent
- Rent Per SQFT
- $2,550
- $0.95
-
116 Stone Canyon Road Boulder City, NV 5
- 4 beds 3 baths ∙ 2,922 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,922 Sqft ∙ Built 2005
![property image]()
LEASED 02/17/20- Rent
- Rent Per SQFT
- $2,750
- $0.94
PROPERTY LISTING DETAILS
1.702.612.3047
Simply Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2257422
Last Updated: 12/24/2020
