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1912 Cedarview Circle 
Las Vegas, NV
89146
4 Beds 2 Baths 2,313 sqft
Built 1979
INVESTimate
$379,000
List Price
$106,185
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PROPERTY INFO
FACTS
- Built In 1979
- Price/Sqft : $163.86
- 2 Days on Market
- MLS # : 2218634
- Updated Date : 08/25/2020 at 15:49
CONSTRUCTION
- Beds : 4
- Floor Size : 2,313 sqft
- Baths : 2 full
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Spacious, well maintained home w/large rooms and huge, 1/3 acre cul-de-sac lot w/an RV gate! Recent updates include new carpet and 2-tone paint, new laminate wood floors in multiple areas, ceiling fans, new garage doors, and new stainless appliances in the kitchen. Large formal living and dining rooms w/vaulted ceilings, family room w/fireplace and wet bar, and downstairs bedroom w/bathroom! Upstairs includes a large master bedroom w/full bath, and 2 secondary bedrooms that share a full bathroom. Huge 1/3 acre yard w/large patio cover, RV gate, and pool/spa! Roof is new w/warranty, and 2 AC units are 1 year and 7 years old! Great home at a great value!
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: Canyon Gate
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Canyon Gate
* 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 | $1,920 |
| EXPENSES | Loan Payment | -$1,398 |
| Property Tax | -$225 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$106
|
||
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.
$379,000
PROJECTED PRICE
$1,920
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 7.39% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$106,185
LOAN DETAILS
$1,398
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $94,750 |
| Loan Amount | $284,250 |
7.5
YEARS SAVED
$41,595
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,937
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
1912 Cedarview Circle Las Vegas, NV 3
- 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,920
- $0.83
-
804 Antonio Drive Las Vegas, NV 1
- 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,219 Sqft ∙ Built 1993
LEASED 05/20/19- Rent
- Rent Per SQFT
- $1,875
- $0.84
-
1917 Cedarview Circle Las Vegas, NV 2
- 4 beds 2 baths ∙ 2,586 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,586 Sqft ∙ Built 1979
LEASED 04/18/19- Rent
- Rent Per SQFT
- $1,895
- $0.73
-
5401 Longridge Las Vegas, NV 4
- 5 beds 3 baths ∙ 2,204 Sqft ∙ Built 1963 5 beds 3 baths ∙ 2,204 Sqft ∙ Built 1963
LEASED 07/02/20- Rent
- Rent Per SQFT
- $2,000
- $0.91
-
6512 Peppermill Drive Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 1985
LEASED 07/29/20- Rent
- Rent Per SQFT
- $2,295
- $0.87
PROPERTY LISTING DETAILS
1.702.460.9355
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2218634
Last Updated: 08/25/2020
