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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $215.40
- 3 Days on Market
- MLS # : 2271190
- Updated Date : 02/20/2021 at 05:30
CONSTRUCTION
- Beds : 2
- Floor Size : 1,091 sqft
- Baths : 2 full
Listing Agent
Silver Canyon Realty Inc
Listing Agent's Description
Beautiful 1 story 2 bedroom 2 full bath home with an inviting and open floor plan. Pot shelves in living room and kitchen area. Vaulted ceilings/ master bedroom with walk in closet/ very low maintenance yard. Inside freshly painted, come make this cozy house your home.
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: West Las Vegas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Las Vegas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,040 |
| EXPENSES | Loan Payment | -$816 |
| Property Tax | -$141 | |
| Property Insurance | -$48 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$85
|
||
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.
$235,000
PROJECTED PRICE
$1,040
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 12.1% |
| 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
$68,025
LOAN DETAILS
$816
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
3.58
YEARS SAVED
$7,494
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,040
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,135
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
2408 Ellingson Drive Las Vegas, NV 1
- 2 beds 2 baths ∙ 1,091 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,091 Sqft ∙ Built 1993
![property image]()
- Rent
- Rent Per SQFT
- $1,040
- $0.95
-
1470 Elizabeth Avenue #3 Las Vegas, NV 2
- 2 beds 2 baths ∙ 1,091 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,091 Sqft ∙ Built 1993
![property image]()
LEASED 08/27/20- Rent
- Rent Per SQFT
- $1,095
- $1.00
-
1953 Sangallo Street #107 Las Vegas, NV 3
- 2 beds 3 baths ∙ 1,113 Sqft ∙ Built 1999 2 beds 3 baths ∙ 1,113 Sqft ∙ Built 1999
![property image]()
LEASED 10/22/20- Rent
- Rent Per SQFT
- $1,100
- $0.99
-
2501 Duck Arrow Circle Las Vegas, NV 4
- 2 beds 2 baths ∙ 1,091 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,091 Sqft ∙ Built 1993
![property image]()
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,150
- $1.05
-
2517 Danborough Court #106 Las Vegas, NV 5
- 2 beds 3 baths ∙ 1,113 Sqft ∙ Built 1999 2 beds 3 baths ∙ 1,113 Sqft ∙ Built 1999
![property image]()
LEASED 12/16/20- Rent
- Rent Per SQFT
- $1,250
- $1.12
PROPERTY LISTING DETAILS
1.702.275.3852
Silver Canyon Realty Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271190
Last Updated: 02/20/2021
