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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $224.86
- 3 Days on Market
- MLS # : 2250610
- Updated Date : 11/27/2020 at 15:09
CONSTRUCTION
- Beds : 3
- Floor Size : 1,645 sqft
- Baths : 2 full
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
SOUGHT AFTER ONE STORY ON A CUL-DE-SAC IN GREEN VALLEY WITH A POOL! NEXT DOOR TO HILLSBORO CUSTOM HOME COMMUNITY-NEW EXTERIOR PAINT-GREAT OPEN FLOOR PLAN WITH VAULTED CEILING IN THE LIV. RM AND FAMILY RM.-UPDATED KITCHEN WITH GRANITE COUNTERS, S.S. APPLIANCES AND SINGLE BASIN S.S. SINK-UPGRADED FLOORING THRU-OUT-COZY FIREPLACE IN THE FAMILY ROOM-PRIVATE BACKYARD WITH NO REAR NEIGHBORS-SPARKLING POOL, COVERED PATIO WITH PARTY LIGHTS-GARDEN AREA-AND NEW CANVASS AWNINGS ON THE WINDOWS-STUCCO WALL JUST RE-PAINTED-
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Green Valley South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green Valley South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,550 |
EXPENSES | Loan Payment | -$1,365 |
Property Tax | -$208 | |
Property Insurance | -$59 | |
Property Management Fees | -$119 | |
CASH FLOW
-$201
|
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.
$369,900
PROJECTED PRICE
$1,550
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.05% |
Appreciation Year (1-5) | 8.9% |
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
$103,774
LOAN DETAILS
$1,365
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $92,475 |
Loan Amount | $277,425 |
3.42
YEARS SAVED
$12,882
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,550
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.702.592.4663
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2250610
Last Updated: 11/27/2020