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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $262.93
- 2 Days on Market
- MLS # : 2269891
- Updated Date : 03/14/2021 at 01:57
CONSTRUCTION
- Beds : 2
- Floor Size : 1,160 sqft
- Baths : 1 full
Listing Agent
Nicklin Prop Mgmt & Inv Inc
Listing Agent's Description
SINGLE STORY IN SUMMERLIN NORTH-MOVE IN READY.FRESHLY PAINTED INTERIOR,BRAND NEW BLINDS T/O,PROFESSIONALLY CLEANED JUST DAYS AGO.YOU’LL ENJOY SO MANY FEATURES ABOUT YOUR NEW HOME.BR 1 HAS LIGHTED CEILING FAN,WALK-IN CLOSET.ITS BATH HAS A NICE OVAL SOAKING TUB(TUB/SHOWER COMBO).BR 2 HAS ACCESS TO BATH W/WALK-IN SHOWER.ALSO REALLY NICE BUILT-IN CABINETRY,LIGHTED CEILING FAN,WALK-IN CLOSET.YOU’LL LOVE THE LIGHT & BRIGHT ATMOSPHERE-VAULTED CEILINGS & LOTS OF WINDOWS W/CUSTOM CORNICES.WAIT UNTIL YOU SEE THE OPEN KITCHEN & FAMILY RM W/VAULTED CEILING,RECESSED LIGHTING.FULLY EQUIPPED KITCHEN-STAINLESS APPLIANCES,GRANITE COUNTERS.FAMILY RM HAS LIGHTED CEILING FAN,MEDIA NICHE’ & FRENCH DOORS (WITH BETWEEN THE GLASS BLINDS)THAT OPEN TO BIG COVERED PATIO & PLEASANT REAR YARD.FINISHED 2 CAR GARAGE W/BUILT-IN CABINETS.INDOOR LAUNDRY-WASHER & DRYER INCL.EASY CARE MATURE LANDSCAPE.SUMMERLIN NORTH RESIDENTS HAVE ACCESS TO COMMUNITY AMENITIES,PARKS,POOLS,FACILITIES.BUYER TO VERIFY ALL INFO & SCHOOLS.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: The Arbors
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Arbors
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,330 |
| EXPENSES | Loan Payment | -$1,059 |
| Property Tax | -$184 | |
| Property Insurance | -$50 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$82
|
||
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.
$305,000
PROJECTED PRICE
$1,330
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.0% |
| 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
$86,575
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,250 |
| Loan Amount | $228,750 |
4.5
YEARS SAVED
$13,789
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,330
LIST RENT -
$1.15
LIST RENT PER SQFT
-
$1,331
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
228 Silver Castle Street Las Vegas, NV 2
- 2 beds 1 baths ∙ 1,160 Sqft ∙ Built 1999 2 beds 1 baths ∙ 1,160 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,330
- $1.15
-
10525 Autumn Pine Avenue #207 Las Vegas, NV 1
- 2 beds 1 baths ∙ 980 Sqft ∙ Built 1999 2 beds 1 baths ∙ 980 Sqft ∙ Built 1999
LEASED 02/22/21- Rent
- Rent Per SQFT
- $1,150
- $1.17
-
325 Amber Pine Street #101 Las Vegas, NV 3
- 2 beds 1 baths ∙ 1,186 Sqft ∙ Built 2000 2 beds 1 baths ∙ 1,186 Sqft ∙ Built 2000
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,350
- $1.14
-
352 Amber Pine Street #101 Las Vegas, NV 4
- 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,186 Sqft ∙ Built 2001
LEASED 12/07/20- Rent
- Rent Per SQFT
- $1,350
- $1.14
-
10552 Pine Pointe Avenue #101 Las Vegas, NV 5
- 2 beds 1 baths ∙ 1,186 Sqft ∙ Built 1999 2 beds 1 baths ∙ 1,186 Sqft ∙ Built 1999
LEASED 01/01/21- Rent
- Rent Per SQFT
- $1,350
- $1.14
PROPERTY LISTING DETAILS
1.702.533.2949
Nicklin Prop Mgmt & Inv Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2269891
Last Updated: 03/14/2021
