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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $179.56
- 4 Days on Market
- MLS # : 2256937
- Updated Date : 12/26/2020 at 16:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,668 sqft
- Baths : 2 full
Listing Agent
Real Estate One Llc
Listing Agent's Description
FAIRWAY LOT LOCATED ON "THE CLUB @ SUNRISE" GOLF COURSE YOU HAVE INCREDIBLE VIEWS OF THE GOLF COURSE FAIRWAY AND YOUR OWN GATE ONTO THE COURSE, ENJOY AN UNOBSTRUCTED FULL VIEW OF MAJESTIC SUNRISE MOUNTAIN! THIS SINGLE STORY WITH TESLA SOLAR HAS A GREAT ROOM LAYOUT WITH FIREPLACE AND 2 LARGE CUSTOM SLIDING DOORS SETS. WOOD LOOK PORCELIN TILE THRU OUT WITH NEW UPGRADED CARPET IN THE BEDROOMS. WHITE QUARTZ COUNTER TOPS WIH FULL MODERN BACKSPLASH. PRIMARY BEDROOM WITH FIREPLACE AND WALK IN CLOSET, BATHROOM HAS QUARTZ COUNTERTOP WITH UNDERMOUNT SINK AND SOLID SURFACE SURROUND WITH NO GROUT TO MAINTAIN. NEW 2 TONE INTERIOR AND NEW EXTERIOR PAINT, NICE SECONDARY ROOMS. THIS HOME HAS A NICE COVERED PATIO AND IS LOCATED ON A LARGE POOL SIZE LOT .20 ACRES WITH NO HOA AND HAS RV / BOAT PARKING BEHIND A DOUBLE GATE. 2 CAR GARAGE WITH NEW INSULATED GARAGE DOOR. THIS HOME IS MOVE IN READY AND IS LOCATED NEAR SHOPPING, SCHOOLS, PARKS, RESTAURANTS, THE FAMOUS LAS VEGAS STRIP, LAKE MEAD AND 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: 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 | $1,480 |
| EXPENSES | Loan Payment | -$1,105 |
| Property Tax | -$141 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$56
|
||
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.
$299,500
PROJECTED PRICE
$1,480
PROJECTED RENT
0.49%
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
$85,118
LOAN DETAILS
$1,105
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,875 |
| Loan Amount | $224,625 |
6.58
YEARS SAVED
$27,294
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,393
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
1994 Abarth Street Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,480
- $0.89
-
5990 Emerald Canyon Drive #home Las Vegas, NV 1
- 4 beds 3 baths ∙ 1,542 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,542 Sqft ∙ Built 1989
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,295
- $0.84
-
5993 Autumn Harvest Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,756 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,756 Sqft ∙ Built 1998
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,300
- $0.74
-
5782 Arbor Oak Circle Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1981
LEASED 11/04/20- Rent
- Rent Per SQFT
- $1,300
- $0.87
-
6202 Elderberry Wine Avenue Las Vegas, NV 5
- 4 beds 1 baths ∙ 1,679 Sqft ∙ Built 1996 4 beds 1 baths ∙ 1,679 Sqft ∙ Built 1996
LEASED 10/19/20- Rent
- Rent Per SQFT
- $1,500
- $0.89
PROPERTY LISTING DETAILS
1.702.498.4444
Real Estate One Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256937
Last Updated: 12/26/2020
