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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $266.08
- 5 Days on Market
- MLS # : 2269180
- Updated Date : 02/11/2021 at 10:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,315 sqft
- Baths : 2 full , 1 half
Listing Agent
Black & Cherry Real Estate
Listing Agent's Description
Sensational 2 story home in the highly sought-after community of Summerlin. Fully upgraded home with brand new grass being installed on the front yard and back. Open, sprawling floor plan just made for entertaining. This home is priced right and in this market won't last long. Call and schedule your showing today before its too late!
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: The Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$1,215 |
| Property Tax | -$189 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$176
|
||
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.
$349,900
PROJECTED PRICE
$1,400
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 7.6% |
| 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
$98,474
LOAN DETAILS
$1,215
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
3.42
YEARS SAVED
$10,277
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,394
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
1800 Montvale Court Las Vegas, NV 5
- 3 beds 3 baths ∙ 1,315 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,315 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,400
- $1.06
-
10213 King Henry Avenue #202 Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1998
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,325
- $1.05
-
1705 King James #104 Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1998
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,350
- $1.07
-
1821 Sierra Oaks Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1996
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,375
- $1.05
-
9901 Trailwood Drive #1105 Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 2001
LEASED 01/29/21- Rent
- Rent Per SQFT
- $1,395
- $1.07
PROPERTY LISTING DETAILS
1.702.824.2941
Black & Cherry Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2269180
Last Updated: 02/11/2021
