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PROPERTY INFO
FACTS
- Single Family
- Built In 1932
- Price/Sqft : $476.68
- 2 Days on Market
- MLS # : 2280363
- Updated Date : 03/21/2021 at 05:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,544 sqft
- Baths : 1 full
Listing Agent
The Russell Group
Listing Agent's Description
Rare find of 2120 sq ft of living space with this little piece of heaven in the historic district of charming Boulder City. Only one block from the main street shops and dining. Come enjoy the simple lifestyle with a gated front porch for sipping lemonade, 3 parks including a dog park cap, one end of this tree lined street and the other end holds an outdoor art park and community garden! Main house is 1544 sq ft with 2 large bedrooms, 2 baths, one of which holds a large claw foot jacuzzi tub! The 576 sq ft garage/casita with permitted ¾ bath can be used as a combo 1 car garage/guest suite, office, 2 car garage, or studio. On this large lot, Between the matching shed and garage with concrete siding you will find a smooth slab for your boat or RV parking behind the rod iron gate off this huge alley with extra parking behind the house. The home has been meticulously maintained, renovated and restored to honor its historic integrity while still offering modern convenience. Must see!
SEE MORE
- 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)
- 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)
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 | $1,560 |
| EXPENSES | Loan Payment | -$2,556 |
| Property Tax | -$117 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$1,290
|
||
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.
$736,000
PROJECTED PRICE
$1,560
PROJECTED RENT
0.21%
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
$200,790
LOAN DETAILS
$2,556
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $184,000 |
| Loan Amount | $552,000 |
0.17
YEARS SAVED
$64
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,544
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
1324 Colorado Street Boulder City, NV 2
- 3 beds 1 baths ∙ 1,544 Sqft ∙ Built 1932 3 beds 1 baths ∙ 1,544 Sqft ∙ Built 1932
- Rent
- Rent Per SQFT
- $1,560
- $1.01
-
520 Hopi Place Boulder City, NV 1
- 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 1942 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 1942
LEASED 12/28/20- Rent
- Rent Per SQFT
- $1,375
- $0.83
-
624 6th Street Boulder City, NV 3
- 3 beds 3 baths ∙ 1,411 Sqft ∙ Built 1947 3 beds 3 baths ∙ 1,411 Sqft ∙ Built 1947
LEASED 11/11/20- Rent
- Rent Per SQFT
- $1,650
- $1.17
PROPERTY LISTING DETAILS
1.702.727.7182
The Russell Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2280363
Last Updated: 03/21/2021
