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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $190.79
- 2 Days on Market
- MLS # : 2271445
- Updated Date : 02/20/2021 at 18:30
CONSTRUCTION
- Beds : 4
- Floor Size : 3,616 sqft
- Baths : 3 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
BEAUTIFUL STUNNING HOME ON ELEVATED LOT IN A HIGHLY DESIRABLE DEVELOPMENT! GATED! LOCATED WITHIN MINUTES OF THE LAS VEGAS STRIP. EASY ACCESS TO I-15 & ST. ROSE PKWY. CLOSE TO SHOPPING & COMMUNITY AMENITIES. HOME HAS IT ALL!! ...OPEN FLOOR PLAN. 9' CEILINGS. LOTS OF LIGHT. DOWNSTAIRS GREAT ROOM. FORMAL DINING, GOURMET KITCHEN WITH CAFE DINING, UPGRADED STAINLESS APPLIANCES. 2 WALK-IN PANTRIES. COMPUTER/PLANNING CENTER. UPSTAIRS GAME ROOM WIRED FOR SURROUND SOUND, WITH BALCONY. PLUS LARGE FAMILY RM UPSTAIRS. LARGE PRIMARY BEDROOM & PRIMARY BATH WITH LRG WALK-IN SHOWER, DOUBLE SINKS, LRG WALK-IN CLOSET. 2ND & 3RD BEDROOMS ALSO HAVE WALK-IN CLOSETS & OWN BATH. 4TH BEDRM LOCATED ON THE MAIN FLOOR, WITH FULL BATH & WALK-IN CLOSET. BACKYARD HAS COVERED PATIO. 3 CAR TANDOM GARAGE. BUYERS & AGENT TO VERIFY ALL INFORMATION.
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: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,020 |
| EXPENSES | Loan Payment | -$2,396 |
| Property Tax | -$470 | |
| Property Insurance | -$97 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$62
|
||
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.
$689,900
PROJECTED PRICE
$3,020
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.8% |
| 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
$188,574
LOAN DETAILS
$2,396
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $172,475 |
| Loan Amount | $517,425 |
5.33
YEARS SAVED
$39,573
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,020
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$3,037
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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12748 Tomessa Street Las Vegas, NV 4
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- $0.84
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12730 Coastline Shadow Las Vegas, NV 1
- 5 beds 4 baths ∙ 3,433 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,433 Sqft ∙ Built 2018
LEASED 04/20/20- Rent
- Rent Per SQFT
- $2,750
- $0.80
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113 Opulent Rose Avenue Las Vegas, NV 2
- 4 beds 4 baths ∙ 3,274 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,274 Sqft ∙ Built 2017
LEASED 11/13/19- Rent
- Rent Per SQFT
- $2,850
- $0.87
-
3697 Regatta Landing Drive Las Vegas, NV 3
- 4 beds 4 baths ∙ 3,420 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,420 Sqft ∙ Built 2019
LEASED 11/02/19- Rent
- Rent Per SQFT
- $2,900
- $0.85
PROPERTY LISTING DETAILS
1.702.245.5107
Exp Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271445
Last Updated: 02/20/2021
