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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $131.32
- 3 Days on Market
- MLS # : 2259386
- Updated Date : 01/31/2021 at 04:36
CONSTRUCTION
- Beds : 4
- Floor Size : 3,008 sqft
- Baths : 3 full
Listing Agent
Nicklin Prop Mgmt & Inv Inc
Listing Agent's Description
HERE’S YOUR NEW HOME! LOCATED IN THE POPULAR ALIANTE COMMUNITY. WITH A BIG DOWNSTAIRS FAMILY ROOM AND TWO LOFT AREAS YOU’LL HAVE PLENTY OF ROOM TO RELAX OR ENTERTAIN. FORMAL LIVING ROOM AND FORMAL DINING ROOM. OPEN KITCHEN WITH RECESSED LIGHTING, BREAKFAST BAR AND EATING NOOK FOR MORE CASUAL DINING. THIS FLOOR PLAN FEATURES A HARD TO FIND DOWNSTAIRS BEDROOM AND 3 ADDITIONAL UPSTAIRS BEDROOMS. THE MASTER BEDROOM IS LARGE AND HAS SLIDER ACCESS TO ITS OWN BALCONY. SPACIOUS MASTER BATH WITH DUAL SINK VANITY, SEPARATE SHOWER AND OVAL SOAKING TUB, WALK-IN CLOSET. WAIT UNTIL YOU SEE THE HUGE LOFT (APPROX 19’ X 21’)! THERE IS AN ADDITIONAL SMALLER LOFT/OPEN AREA – IDEAL FOR AN OFFICE, STUDY, CRAFT SPACE? NICE SIZED REAR YARD – START PLANNING YOUR POOL INSTALLATION TODAY! BUYER TO VERIFY ALL INFORMATION AND SCHOOLS.
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: Aliante
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Aliante
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,372 |
| Property Tax | -$333 | |
| Property Insurance | -$85 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$41
|
||
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.
$395,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.2% |
| 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
$110,425
LOAN DETAILS
$1,372
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
6.33
YEARS SAVED
$28,633
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.65
LIST RENT PER SQFT
-
$1,993
COMP ESTIMATED VALUE -
$0.66
COMP AVG. RENT PER SQFT
Comps Range
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- $2,000
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6548 Candleglade Court North Las Vegas, NV 4
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LEASED 03/23/20- Rent
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- $2,175
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6437 Diamond Point Court North Las Vegas, NV 5
- 4 beds 3 baths ∙ 3,092 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,092 Sqft ∙ Built 2005
LEASED 12/10/20- Rent
- Rent Per SQFT
- $2,285
- $0.74
PROPERTY LISTING DETAILS
1.702.533.2949
Nicklin Prop Mgmt & Inv Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2259386
Last Updated: 01/31/2021
