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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $322.68
- 6 Days on Market
- MLS # : 2264353
- Updated Date : 01/28/2021 at 21:03
CONSTRUCTION
- Beds : 4
- Floor Size : 3,409 sqft
- Baths : 2 full , 1 half
Listing Agent
Raintree Real Estate
Listing Agent's Description
Here is your modern, renovated Semi-Custom Christopher "Augusta" model in TPC Summerlin! Pass through your courtyard into a foyer that showcases the marble floors w/ natural light from multiple skylights. Through the totally renovated living room, visit the sunken wet bar w/ mini fridge & windows showcasing the covered patio, pool and outdoor BBQ area. The heart of the home is your completely renovated gourmet kitchen with Monogram appliances, skylight, LED lighting, separate wine fridge, and more! Originally built as a formal dining room, imagine repurposing as another office, play/school area, or gym! This is in addition to the den/office inside the front door. The 3-spare-bedroom wing includes the laundry room, & the front room has an en-suite bathroom, which opens up the possibility of extended family living. But the Master Suite is the jewel, with fireplace, doors to the park-like yard, TWO walk-in closets and a totally renovated bathroom with steam shower, floating vanity & more.
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: The Hills South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Hills South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,400 |
| EXPENSES | Loan Payment | -$3,821 |
| Property Tax | -$634 | |
| Property Insurance | -$93 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$1,267
|
||
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.
$1,100,000
PROJECTED PRICE
$3,400
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 5.0% |
| 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
$297,250
LOAN DETAILS
$3,821
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $275,000 |
| Loan Amount | $825,000 |
0.58
YEARS SAVED
$2,081
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,400
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,906
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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1817 Wincanton Drive Las Vegas, NV 5
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2008 Faywood Street Las Vegas, NV 1
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- $2,695
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-
2116 Jadeleaf Court #0 Las Vegas, NV 3
- 5 beds 3 baths ∙ 3,409 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,409 Sqft ∙ Built 1995
LEASED 06/26/20- Rent
- Rent Per SQFT
- $3,000
- $0.88
-
8801 Quadro Las Vegas, NV 4
- 4 beds 2 baths ∙ 3,511 Sqft ∙ Built 1996 4 beds 2 baths ∙ 3,511 Sqft ∙ Built 1996
LEASED 06/24/20- Rent
- Rent Per SQFT
- $3,399
- $0.97
PROPERTY LISTING DETAILS
1.717.574.2719
Raintree Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2264353
Last Updated: 01/28/2021
