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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $265.46
- 4 Days on Market
- MLS # : 2271321
- Updated Date : 02/20/2021 at 01:15
CONSTRUCTION
- Beds : 2
- Floor Size : 1,653 sqft
- Baths : 1 full
Listing Agent
Realty One Group, Inc
Listing Agent's Description
One-of-a-kind Sun City home situated on a quiet cul-de-sac lot. This recently renovated San Marino model boasts tons of curb appeal. The home is bright and beautiful. The contemporary, open-concept floorplan features a spacious great room that opens up to the kitchen and dining room – creating an open, airy flow between the main living areas. Spacious lot with low maintenance landscaping and covered patio make for easy outdoor living. Features include vaulted ceilings, shaker cabinets, large center island with counter seating, granite counters, shutters, tile floors throughout main living, new carpet in bedrooms, updated décor and fixtures throughout. 55+ Community.
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: Sun City Summerlin
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Summerlin
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$1,524 |
| Property Tax | -$216 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$299
|
||
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.
$438,800
PROJECTED PRICE
$1,620
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| 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
$122,032
LOAN DETAILS
$1,524
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $109,700 |
| Loan Amount | $329,100 |
2.42
YEARS SAVED
$7,772
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,682
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
2406 Sungold Drive Las Vegas, NV 1
- 2 beds 1 baths ∙ 1,653 Sqft ∙ Built 1990 2 beds 1 baths ∙ 1,653 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $1,620
- $0.98
-
2825 Greenview Court Las Vegas, NV 2
- 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1988
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,650
- $1.00
-
9104 Sundial Drive #0 Las Vegas, NV 3
- 2 beds 1 baths ∙ 1,653 Sqft ∙ Built 1990 2 beds 1 baths ∙ 1,653 Sqft ∙ Built 1990
LEASED 09/30/20- Rent
- Rent Per SQFT
- $1,650
- $1.00
-
3013 Golf Links Drive Las Vegas, NV 4
- 2 beds 1 baths ∙ 1,637 Sqft ∙ Built 1988 2 beds 1 baths ∙ 1,637 Sqft ∙ Built 1988
LEASED 01/08/21- Rent
- Rent Per SQFT
- $1,750
- $1.07
-
8524 Spyrun Drive Las Vegas, NV 5
- 2 beds 2 baths ∙ 1,804 Sqft ∙ Built 1989 2 beds 2 baths ∙ 1,804 Sqft ∙ Built 1989
LEASED 10/22/20- Rent
- Rent Per SQFT
- $1,795
- $1.00
PROPERTY LISTING DETAILS
1.216.650.2462
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271321
Last Updated: 02/20/2021
