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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $444.66
- 5 Days on Market
- MLS # : 2257501
- Updated Date : 12/23/2020 at 13:20
CONSTRUCTION
- Beds : 4
- Floor Size : 4,048 sqft
- Baths : 1 full , 1 half
Listing Agent
Luxury Estates International
Listing Agent's Description
Desert modern masterpiece with an amazing rear mountain backdrop makes this luxury home truly special! This home was meticulously put together from the beginning while the homeowners chose the most tasteful finishes, modifications and upgrades throughout the interior and exterior of this home. With the master bedroom and an ensuite guest bedroom downstairs, you'll feel like you're living in a single story. Home features include porcelain tile floors, surround sound, outdoor patio heaters, electric louvered freestanding patio cover, pool, spa 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: MacDonald Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: MacDonald Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,730 |
| EXPENSES | Loan Payment | -$6,641 |
| Property Tax | -$987 | |
| Property Insurance | -$106 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$3,122
|
||
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.
$1,800,000
PROJECTED PRICE
$4,730
PROJECTED RENT
0.26%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.3% |
| 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
$482,750
LOAN DETAILS
$6,641
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $450,000 |
| Loan Amount | $1,350,000 |
0.17
YEARS SAVED
$196
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,730
LIST RENT -
$1.17
LIST RENT PER SQFT
-
$3,036
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
2219 Ledge Rock Lane Henderson, NV 4
- 4 beds 2 baths ∙ 4,048 Sqft ∙ Built 2018 4 beds 2 baths ∙ 4,048 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $4,730
- $1.17
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2718 Langlade Avenue Henderson, NV 1
- 5 beds 2 baths ∙ 3,733 Sqft ∙ Built 2001 5 beds 2 baths ∙ 3,733 Sqft ∙ Built 2001
LEASED 05/28/20- Rent
- Rent Per SQFT
- $2,800
- $0.75
-
2707 Langlade Avenue Henderson, NV 2
- 5 beds 3 baths ∙ 3,733 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,733 Sqft ∙ Built 2001
LEASED 08/10/20- Rent
- Rent Per SQFT
- $2,800
- $0.75
-
464 Beardsley Circle Henderson, NV 3
- 5 beds 3 baths ∙ 4,058 Sqft ∙ Built 2000 5 beds 3 baths ∙ 4,058 Sqft ∙ Built 2000
LEASED 06/01/20- Rent
- Rent Per SQFT
- $3,050
- $0.75
PROPERTY LISTING DETAILS
1.702.907.8770
Luxury Estates International
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2257501
Last Updated: 12/23/2020
