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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $228.69
- 3 Days on Market
- MLS # : 2280000
- Updated Date : 03/20/2021 at 17:32
CONSTRUCTION
- Beds : 4
- Floor Size : 1,858 sqft
- Baths : 2 full
Listing Agent
Gk Properties
Listing Agent's Description
Lovely home with tons of upgrades located in Boulder City. Large, open floorplan. The kitchen boasts granite counters and an upgraded sink. The home has high vaulted ceilings and lots of natural light. Backyard features expansive covered patio and RV parking. The primary ensuite has large mirrored closets with a custom interior. The primary bath features a large walk-in shower. This home is not going to last! Make it yours today!
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 | $1,760 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$145 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$43
|
||
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.
$424,900
PROJECTED PRICE
$1,760
PROJECTED RENT
0.41%
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
$118,349
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,225 |
| Loan Amount | $318,675 |
5.58
YEARS SAVED
$25,892
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,593
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
1536 Becky Lane Boulder City, NV 5
- 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $1,760
- $0.95
-
1220 Cheyenne Court Boulder City, NV 1
- 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 1967 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 1967
LEASED 04/02/20- Rent
- Rent Per SQFT
- $1,400
- $0.90
-
620 King Place Boulder City, NV 2
- 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1964
LEASED 11/07/20- Rent
- Rent Per SQFT
- $1,500
- $0.79
-
1515 Darlene Way #0 Boulder City, NV 3
- 3 beds 1 baths ∙ 1,773 Sqft ∙ Built 1982 3 beds 1 baths ∙ 1,773 Sqft ∙ Built 1982
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,550
- $0.87
-
1307 Marita Boulder City, NV 4
- 3 beds 1 baths ∙ 1,831 Sqft ∙ Built 1972 3 beds 1 baths ∙ 1,831 Sqft ∙ Built 1972
LEASED 04/29/20- Rent
- Rent Per SQFT
- $1,600
- $0.87
PROPERTY LISTING DETAILS
1.702.815.1555
Gk Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2280000
Last Updated: 03/20/2021
