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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $169.53
- 3 Days on Market
- MLS # : 2256739
- Updated Date : 12/19/2020 at 08:33
CONSTRUCTION
- Beds : 4
- Floor Size : 2,212 sqft
- Baths : 1 full , 1 half
Listing Agent
Mahsheed Real Estate Llc
Listing Agent's Description
NEWLY RENOVATED w/ beautiful Modern Touches - GORGEOUS HOME ! Over $40,000 worth of upgrades including but not limited to brand new tile-wood-like flooring downstairs, brand new carpet upstairs, brand new kitchen flooring, brand new chandelier, brand new ceiling fans, custom paint throughout, 6 inch baseboards throughout, brand new granite countertops in kitchen and all bathrooms, brand new sinks and faucets, brand new marble flooring in downstairs bathroom, brand new stainless steel appliances and so much more ! This home is truly beautiful inside ! Everything is new and stunning ! GREAT location in Henderson, Silverado Ranch Area. This one will go QUICKLY ! PRICED RIGHT !
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: Silverado Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Silverado Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$222 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$75
|
||
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.
$374,999
PROJECTED PRICE
$1,870
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| 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
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,249 |
7.17
YEARS SAVED
$37,843
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,924
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
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- $1,895
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LEASED 08/21/20- Rent
- Rent Per SQFT
- $2,195
- $0.99
PROPERTY LISTING DETAILS
1.702.769.6274
Mahsheed Real Estate Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256739
Last Updated: 12/19/2020
