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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $209.54
- 11 Days on Market
- MLS # : 2252054
- Updated Date : 12/10/2020 at 13:49
CONSTRUCTION
- Beds : 4
- Floor Size : 3,460 sqft
- Baths : 3 full , 1 half
Listing Agent
Winning Realty
Listing Agent's Description
Breathtaking custom one story home on 1/3 acre. Grand courtyard entry with pebble stone floor. This home is highly upgraded throughout. Elegant dark wood flooring. Custom gourmet kitchen with imported granite, sitting bar, butlers pantry, and all high end appliances stay at full list. Plantation shutters through entire home and bonus 4 car tandem garage. Four large bedrooms, with 4th bedroom having its own private entrance. The primary suite has french doors leading out to your backyard oasis with strip view. Primary bathroom has a Roman tub and step in resort style shower. Enjoy your glorious heated pebble tech pool with your very own waterfall. New pump and salt water equipment. Private vegetable garden with irrigation. Covered patio so you can enjoy your yard year round. MLS estimated value of $731k-$789k You will not be disappointed with this gorgeous home! Come home to your own castle today. Please wear provided shoe covers. Ask your agent for the 3D tour to view 24/7
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,320 |
| EXPENSES | Loan Payment | -$2,675 |
| Property Tax | -$582 | |
| Property Insurance | -$94 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$150
|
||
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.
$725,000
PROJECTED PRICE
$3,320
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.8% |
| 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
$197,875
LOAN DETAILS
$2,675
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $181,250 |
| Loan Amount | $543,750 |
4.83
YEARS SAVED
$42,355
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,320
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,924
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
180 Wellspring Avenue Las Vegas, NV 5
- 4 beds 4 baths ∙ 3,460 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,460 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $3,320
- $0.96
-
654 Mystic Cliffs Avenue #0 Las Vegas, NV 1
- 5 beds 3 baths ∙ 3,210 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,210 Sqft ∙ Built 2004
![property image]()
LEASED 12/27/19- Rent
- Rent Per SQFT
- $2,495
- $0.78
-
9739 La Cienega Street Las Vegas, NV 2
- 4 beds 3 baths ∙ 3,560 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,560 Sqft ∙ Built 1998
![property image]()
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,999
- $0.84
-
296 Great Duke Avenue Las Vegas, NV 3
- 4 beds 3 baths ∙ 3,459 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,459 Sqft ∙ Built 1999
![property image]()
LEASED 06/04/20- Rent
- Rent Per SQFT
- $3,050
- $0.88
-
10144 Neville Court Las Vegas, NV 4
- 5 beds 3 baths ∙ 3,699 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,699 Sqft ∙ Built 2002
![property image]()
LEASED 12/08/19- Rent
- Rent Per SQFT
- $3,250
- $0.88
PROPERTY LISTING DETAILS
1.702.328.7777
Winning Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2252054
Last Updated: 12/10/2020
