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PROPERTY INFO
FACTS
- Single Family
- Built In 1955
- Price/Sqft : $185.94
- 3 Days on Market
- MLS # : 2256780
- Updated Date : 12/18/2020 at 22:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,586 sqft
- Baths : 2 full
Listing Agent
Century 21 Americana
Listing Agent's Description
Amazing 1 story home! 3 bedroom 2 bath. New exterior and interior paint! Fully remodeled! Beautiful porcelin tile! New ceiling fans and light fixtures, Kitchen equipped with lots of shelf space nice looking backsplash! Bathrooms have a stone decal, Big backyard with two storage sheds!! ! DO NOT MISS OUT!
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: Dawson Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dawson Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,320 |
| EXPENSES | Loan Payment | -$1,088 |
| Property Tax | -$71 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$16
|
||
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.
$294,900
PROJECTED PRICE
$1,320
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 14.9% |
| 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
$83,899
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,725 |
| Loan Amount | $221,175 |
5.58
YEARS SAVED
$21,073
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,320
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,312
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
2300 East Oakey Boulevard Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1955
- Rent
- Rent Per SQFT
- $1,320
- $0.83
-
2647 Heritage Circle Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1971
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,295
- $0.80
-
2033 Wengert Avenue Las Vegas, NV 3
- 4 beds 1 baths ∙ 1,745 Sqft ∙ Built 1960 4 beds 1 baths ∙ 1,745 Sqft ∙ Built 1960
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,395
- $0.80
-
3220 Heritage Way Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1971
LEASED 11/21/20- Rent
- Rent Per SQFT
- $1,395
- $0.84
-
2809 Howard Drive Las Vegas, NV 5
- 3 beds 1 baths ∙ 1,734 Sqft ∙ Built 1957 3 beds 1 baths ∙ 1,734 Sqft ∙ Built 1957
LEASED 12/14/20- Rent
- Rent Per SQFT
- $1,500
- $0.87
PROPERTY LISTING DETAILS
1.702.706.3937
Century 21 Americana
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256780
Last Updated: 12/18/2020
