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1578 Spotted Wolf Avenue 
Las Vegas, NV
89123
4 Beds 3 Baths 2,384 sqft
Built 2007
INVESTimate
$375,000
List Price
$105,125
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PROPERTY INFO
FACTS
- Built In 2007
- Price/Sqft : $157.30
- 2 Days on Market
- MLS # : 2224909
- Updated Date : 08/25/2020 at 23:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,384 sqft
- Baths : 3 full
Listing Agent
Realty One Group, Inc
Listing Agent's Description
STUNNING 2 STORY IN GATED COMMUNITY WITH OVERSIZE LOT, EXTENDED DRIVEWAY AND PARKING*LARGE OPEN FLOOR PLAN*4 BEDROOMS PLUS A DEN AND 3 FULL BATHS*BREAKFAST BAR, CUSTOM CABINETS, WALK-IN PANTRY, SOLID SURFACE COUNTERTOPS, AND ALL STAINLESS STEAL APPLIANCES INCLUDED IN THE KITCHEN*LAMINATE WOOD FLOORING AND TILE THROUGH MOST OF THE HOME*MASTER BEDROOM WITH 2 WALK-IN CLOSETS AND 2 BALCONIES*DUAL SINKS, SEPARATE SHOWER AND TUB IN MASTER BATH*LARGE SECONDARY BEDROOMS WITH CEILING FANS*UPSTAIRS LAUNDRY ROOM WITH CABINETS*LARGEST LOT IN THE COMMUNITY PROVIDES A COVERED PATIO, STORAGE SHED WITH ROLL UP DOOR, AND AMPLE ROOM IN THE BACKYARD*HIGHLY EFFICIENT HOME WITH TINTED WINDOWS AND SOLAR
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: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$276 | |
| Property Insurance | -$73 | |
| HOA | -$27 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$149
|
||
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.
$375,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.37% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
3.75
YEARS SAVED
$15,460
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,848
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
1578 Spotted Wolf Avenue Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,730
- $0.73
-
1691 Spotted Wolf Avenue Las Vegas, NV 1
- 3 beds 3 baths ∙ 2,274 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,274 Sqft ∙ Built 2005
LEASED 10/08/19- Rent
- Rent Per SQFT
- $1,700
- $0.75
-
1669 Little Crow Avenue Las Vegas, NV 2
- 3 beds 3 baths ∙ 2,274 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,274 Sqft ∙ Built 2006
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,700
- $0.75
-
1616 Little Crow Las Vegas, NV 3
- 3 beds 3 baths ∙ 2,274 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,274 Sqft ∙ Built 2006
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,725
- $0.76
-
1066 Little Rock Las Vegas, NV 5
- 5 beds 3 baths ∙ 2,390 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,390 Sqft ∙ Built 1997
LEASED 07/05/20- Rent
- Rent Per SQFT
- $2,000
- $0.84
PROPERTY LISTING DETAILS
1.702.338.8188
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224909
Last Updated: 08/25/2020
