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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $200.04
- 7 Days on Market
- MLS # : 2270325
- Updated Date : 02/20/2021 at 00:31
CONSTRUCTION
- Beds : 4
- Floor Size : 4,874 sqft
- Baths : 3 full , 1 half
Listing Agent
Motion Properties
Listing Agent's Description
FANTASTIC home located in Guard Gated Rancho Bel Air!! Built in 2006. Features a chef's kitchen, Granite, walk in pantry! Vaulted ceilings, multiple wet bars, separate guest quarters, downstairs master, RV garage w/hook ups, outdoor garden & fully enclosed heated/cooled patio room (1000 add'l sq ft) & 3 Fireplaces...
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: Rancho Bel Air
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Bel Air
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $5,260 |
| EXPENSES | Loan Payment | -$3,387 |
| Property Tax | -$755 | |
| Property Insurance | -$122 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$878
|
||
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.
$974,990
PROJECTED PRICE
$5,260
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 11.4% |
| 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
$264,122
LOAN DETAILS
$3,387
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $243,748 |
| Loan Amount | $731,243 |
10.58
YEARS SAVED
$154,023
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$5,260
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$6,190
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
-
201 Dalmatian Lane Las Vegas, NV 1
- 4 beds 4 baths ∙ 4,874 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,874 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $5,260
- $1.08
-
900 South Las Vegas Bl Boulevard #1504 Las Vegas, NV 2
- 3 beds 4 baths ∙ 4,915 Sqft ∙ Built 2005 3 beds 4 baths ∙ 4,915 Sqft ∙ Built 2005
![property image]()
LEASED 01/16/21- Rent
- Rent Per SQFT
- $6,250
- $1.27
PROPERTY LISTING DETAILS
1.917.250.6204
Motion Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2270325
Last Updated: 02/20/2021
