Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $214.69
- 2 Days on Market
- MLS # : 2269430
- Updated Date : 02/13/2021 at 20:30
CONSTRUCTION
- Beds : 2
- Floor Size : 2,096 sqft
- Baths : 2 full
Listing Agent
Realty One Group, Inc
Listing Agent's Description
Lincoln model, open floor plan, 2 bedroom plus study. House is 3 doors from Liberty Center. Great curb appeal in quiet neighborhood, with private backyard and easy to maintain landscaping. Tile floor in all living area, study, hall way, and kitchen. Carpet in master and quest bedroom. Large kitchen with breakfast bar, island, dining area, and large pantry. Property is currently tenant occupied but tenant will vacate by end of March or sooner.
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
Neighborhood: Sun City Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,010 |
EXPENSES | Loan Payment | -$1,563 |
Property Tax | -$279 | |
Property Insurance | -$68 | |
Property Management Fees | -$119 | |
CASH FLOW
-$18
|
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.
$449,999
PROJECTED PRICE
$2,010
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.05% |
Appreciation Year (1-5) | 5.1% |
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
$125,000
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $112,500 |
Loan Amount | $337,499 |
5.58
YEARS SAVED
$28,269
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,010
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,007
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.702.885.4904
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2269430
Last Updated: 02/13/2021