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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $154.61
- 3 Days on Market
- MLS # : 2271626
- Updated Date : 02/20/2021 at 20:11
CONSTRUCTION
- Beds : 4
- Floor Size : 1,714 sqft
- Baths : 2 full , 1 half
Listing Agent
Toro Realty
Listing Agent's Description
Woah! What a deal for the price. This property has four bedrooms with updated floors, kitchen counter tops & paint. Property offers a large spacious lot and yard with a cemented custom gated area. Enjoy the view from the master bedroom balcony and great size rooms.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Sunrise Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunrise Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$189 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$131
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$265,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 12.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.50% |
| 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
$75,975
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
7.67
YEARS SAVED
$26,508
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,388
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
1974 Star Creek Bay Lane Las Vegas, NV 5
- 4 beds 3 baths ∙ 1,714 Sqft ∙ Built 2015 4 beds 3 baths ∙ 1,714 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $1,420
- $0.83
-
1988 Salvation Street Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 2006
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,275
- $0.79
-
4313 Stockbridge Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,526 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,526 Sqft ∙ Built 2002
LEASED 06/18/20- Rent
- Rent Per SQFT
- $1,300
- $0.85
-
1622 Victor Hugo Las Vegas, NV 3
- 4 beds 3 baths ∙ 1,752 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,752 Sqft ∙ Built 2006
LEASED 05/26/20- Rent
- Rent Per SQFT
- $1,345
- $0.77
-
1880 Vida Pacifica Street #0 Las Vegas, NV 4
- 4 beds 3 baths ∙ 1,622 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,622 Sqft ∙ Built 2007
LEASED 08/17/20- Rent
- Rent Per SQFT
- $1,345
- $0.83
PROPERTY LISTING DETAILS
1.212.335.0822
Toro Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271626
Last Updated: 02/20/2021
