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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $241.47
- 5 Days on Market
- MLS # : 2269410
- Updated Date : 02/12/2021 at 20:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,056 sqft
- Baths : 2 full
Listing Agent
Select Properties Group
Listing Agent's Description
RENOVATED SINGLE STORY 3 BEDROOM 2 BATHROOM HOME WITH POTENTIAL RV PARKING.BRAND NEW WHITE SHAKER CABINETS PAIRED WITH BLACK CABINET PULLS. STAINLESS STEEL APPLIANCES. STAINEESS STEEL DOUBLE KITCHEN SINK. FRESHLY PAINTED INTERIOR AND EXTERIOR.QUARTS COUNTERTOPS.TILED SHOWER.ALL NEW VINYL WOOD LIKE FLOORING. NEW BASEBOARDS.NEW SHOWERS AND NEW VANITIES. ALL NEW HARDWARE AND FIXTURES. LARGE OPEN SPACE BACKYARD. AND MUCH MORE!
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: Frontier North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Frontier North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,080 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$74 | |
| Property Insurance | -$48 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$47
|
||
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.
$254,995
PROJECTED PRICE
$1,080
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 13.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.50% |
| 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
$73,324
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $63,749 |
| Loan Amount | $191,246 |
4.67
YEARS SAVED
$12,158
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,080
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$919
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
2276 Colebrook Street Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,056 Sqft ∙ Built 1970
- Rent
- Rent Per SQFT
- $1,080
- $1.02
-
2330 Dolly #b Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,008 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,008 Sqft ∙ Built 1984
LEASED 06/08/20- Rent
- Rent Per SQFT
- $900
- $0.89
-
3700 Nelson Avenue Las Vegas, NV 2
- 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1968 3 beds 1 baths ∙ 1,200 Sqft ∙ Built 1968
LEASED 09/27/19- Rent
- Rent Per SQFT
- $995
- $0.83
-
3736 Lone Oak Street Las Vegas, NV 3
- 4 beds 2 baths ∙ 1,196 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,196 Sqft ∙ Built 1980
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,050
- $0.88
-
3769 Carlyle Drive #68 Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,239 Sqft ∙ Built 1984
LEASED 09/03/20- Rent
- Rent Per SQFT
- $1,095
- $0.88
PROPERTY LISTING DETAILS
1.347.693.6400
Select Properties Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2269410
Last Updated: 02/12/2021
