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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $205.63
- 3 Days on Market
- MLS # : 2256716
- Updated Date : 12/18/2020 at 18:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,420 sqft
- Baths : 2 full
Listing Agent
Prominent Realty Group Llc
Listing Agent's Description
Well maintained home with open floor plan and spacious, private covered patio. House features custom made shutters on all windows and sliding door to patio. Tile flooring throughout the living room, dining area and kitchen, Bedrooms have upgraded Berber carpet. Master bath has double doors for privacy. Kitchen has a breakfast nook, granite counter tops and stainless steel applainces.
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: Sun City Aliante
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Aliante
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,340 |
| EXPENSES | Loan Payment | -$1,077 |
| Property Tax | -$217 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$128
|
||
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.
$292,000
PROJECTED PRICE
$1,340
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.3% |
| 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
$83,130
LOAN DETAILS
$1,077
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,000 |
| Loan Amount | $219,000 |
3.67
YEARS SAVED
$11,602
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,340
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,335
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
2421 Great Auk Avenue North Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 2008
![property image]()
- Rent
- Rent Per SQFT
- $1,340
- $0.94
-
3316 Jamaica Princess Place #3 Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,588 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,588 Sqft ∙ Built 2004
![property image]()
LEASED 02/04/20- Rent
- Rent Per SQFT
- $1,375
- $0.87
-
7908 Broadwing Drive #n/a North Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,420 Sqft ∙ Built 2005
![property image]()
LEASED 01/23/20- Rent
- Rent Per SQFT
- $1,395
- $0.98
-
6904 Dipper Avenue North Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2004
![property image]()
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,400
- $0.91
-
7404 Petrel Street #0 North Las Vegas, NV 5
- 3 beds 1 baths ∙ 1,570 Sqft ∙ Built 2007 3 beds 1 baths ∙ 1,570 Sqft ∙ Built 2007
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,575
- $1.00
PROPERTY LISTING DETAILS
1.702.355.0182
Prominent Realty Group Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256716
Last Updated: 12/18/2020
