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173 Water Hazard Lane 
Las Vegas, NV
89148
4 Beds 3 Baths 2,119 sqft
Built 2005
INVESTimate
$409,999
List Price
$114,400
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PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $193.49
- 2 Days on Market
- MLS # : 2224765
- Updated Date : 08/25/2020 at 14:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,119 sqft
- Baths : 2 full , 1 half
Listing Agent
Advent Realty Group Llc
Listing Agent's Description
An amazing property in the 24/7 Guard-Gated Rhodes Ranch Community! This beautiful turnkey property has an inviting living room, with a separate family room featuring a stone fireplace. This property boasts beautiful upgrades throughout. Community Features: Golf Course,Resort Style Pool & WaterPark,Fitness Center & much more!
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: Rhodes Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rhodes Ranch
* 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 | $1,660 |
| EXPENSES | Loan Payment | -$1,513 |
| Property Tax | -$257 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$297
|
||
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.
$409,999
PROJECTED PRICE
$1,660
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 8.79% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$114,400
LOAN DETAILS
$1,513
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $102,500 |
| Loan Amount | $307,499 |
2.42
YEARS SAVED
$8,424
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,769
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
173 Water Hazard Lane Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,660
- $0.78
-
137 Water Hazard Lane Las Vegas, NV 1
- 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2005
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,650
- $0.78
-
209 Short Ruff Way #0 Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2005
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,800
- $0.85
-
254 Botanic Gardens Drive Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,227 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,227 Sqft ∙ Built 2013
LEASED 02/10/20- Rent
- Rent Per SQFT
- $1,850
- $0.83
-
193 Short Ruff Way Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,119 Sqft ∙ Built 2005
LEASED 11/14/19- Rent
- Rent Per SQFT
- $1,875
- $0.88
PROPERTY LISTING DETAILS
1.702.232.7880
Advent Realty Group Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224765
Last Updated: 08/25/2020
