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2104 Los Altos Street 
Las Vegas, NV
89102
3 Beds 2 Baths 1,675 sqft
Built 2017
INVESTimate
$340,000
List Price
$95,850
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PROPERTY INFO
FACTS
- Built In 2017
- Price/Sqft : $202.99
- 4 Days on Market
- MLS # : 2222996
- Updated Date : 08/24/2020 at 18:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,675 sqft
- Baths : 2 full
Listing Agent
Century 21 Americana
Listing Agent's Description
This beautiful move-in ready home *BUILT IN 2017* close to schools, shopping centers, minutes from Las Vegas Blvd. vaulted ceilings, large lot with pavers in the front and backyard. Granite countertops, laminate hardwood flooring all throughout, window coverings, all appliances included, split bedroom layout.
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
Zip Code: 89102
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 89102
* 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 | $1,370 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$266 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$329
|
||
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.
$340,000
PROJECTED PRICE
$1,370
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 13.37% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.50% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$95,850
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,000 |
| Loan Amount | $255,000 |
1.25
YEARS SAVED
$2,372
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,407
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
2104 Los Altos Street Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,370
- $0.82
-
5258 Monterey Park Circle Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 2003
LEASED 07/19/19- Rent
- Rent Per SQFT
- $1,350
- $0.83
-
5270 Monterey Park Circle Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,636 Sqft ∙ Built 2003
LEASED 12/30/19- Rent
- Rent Per SQFT
- $1,399
- $0.86
-
5305 Evergreen Meadow Avenue Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 2000
LEASED 08/02/19- Rent
- Rent Per SQFT
- $1,495
- $0.85
-
2651 Rimpacific Circle Las Vegas, NV 5
- 4 beds 2 baths ∙ 1,851 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,851 Sqft ∙ Built 2005
LEASED 02/24/20- Rent
- Rent Per SQFT
- $1,525
- $0.82
PROPERTY LISTING DETAILS
1.702.401.9132
Century 21 Americana
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2222996
Last Updated: 08/24/2020
