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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $253.98
- 2 Days on Market
- MLS # : 2313418
- Updated Date : 07/12/2021 at 19:30
CONSTRUCTION
- Beds : 2
- Floor Size : 2,886 sqft
- Baths : 2 full , 1 half
Listing Agent
Specialists Real Estate
Listing Agent's Description
Nevadan Model very hard to find this model. Located on a great lot with an east rear yard. Master bedroom area has access to the rear yard and a corner fireplace to enjoy the sitting area of the master. the Bath has a nice shower with a seat and a separate tub to enjoy. Double sinks and large vanity. The closet is very large and separate. There are many shutters in this property. The corner window in the family kitchen area gives a very good feel to the property adding light the area and nook. 2.5 car garage with 2 roll up doors. The home needs a bit of interest to make the prefect home it once was. If not for the Sub HOA the view would be amazing. The owners on this side of the street have been working to get some trees removed and no success at this point. Laundry area going to the garage has many built -ins and sink. Home to be sold As-Is No furniture or items included.
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 | $3,740 |
| EXPENSES | Loan Payment | -$2,546 |
| Property Tax | -$427 | |
| Property Insurance | -$83 | |
| HOA | -$138 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$427
|
||
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.
$733,000
PROJECTED PRICE
$3,740
PROJECTED RENT
0.51%
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
$199,995
LOAN DETAILS
$2,546
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $183,250 |
| Loan Amount | $549,750 |
8.67
YEARS SAVED
$88,652
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$4,791
COMP ESTIMATED VALUE -
$1.66
COMP AVG. RENT PER SQFT
Comps Range
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2408 Sierra Heights Drive Las Vegas, NV 1
- 2 beds 3 baths ∙ 2,886 Sqft ∙ Built 1997 2 beds 3 baths ∙ 2,886 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $0
- $0.00
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404 Summer Mesa Drive #0 Las Vegas, NV 2
- 2 beds 3 baths ∙ 2,951 Sqft ∙ Built 1999 2 beds 3 baths ∙ 2,951 Sqft ∙ Built 1999
LEASED 08/21/20- Rent
- Rent Per SQFT
- $4,900
- $1.66
PROPERTY LISTING DETAILS
1.702.245.4868
Specialists Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2313418
Last Updated: 07/12/2021
