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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $201.27
- 3 Days on Market
- MLS # : 2258717
- Updated Date : 01/02/2021 at 03:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,729 sqft
- Baths : 2 full
Listing Agent
Signature Real Estate Group
Listing Agent's Description
Welcome Home!! Absolutely Stunning 3 Bed 2 Bath Single Story home nestled in a nice quiet cul-de-sac! This gorgeous home features: Upgrades Galore, a dream kitchen with Butcher Block Island, Stainless Steel Appliances, Quartz Countertops, Farmhouse Sink, Upgraded Plank Tile Wood Flooring, Plush Shaw Carpet with 8oz Padding, 5inch baseboards, Exquisite Crystal Dining Chandelier, Living Room Gas Fireplace boasting white Ledger Stone! Nest smart thermo technology, Ring motion flood lights/doorbell and NO HOA!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Northfork
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northfork
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$1,284 |
| Property Tax | -$215 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$219
|
||
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.
$348,000
PROJECTED PRICE
$1,460
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 10.6% |
| 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
$97,970
LOAN DETAILS
$1,284
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,000 |
| Loan Amount | $261,000 |
2.58
YEARS SAVED
$7,736
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,483
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
2421 Sunrise Springs Court North Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $1,460
- $0.84
-
2913 Honeysuckle North Las Vegas, NV 1
- 4 beds 2 baths ∙ 1,594 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,594 Sqft ∙ Built 2003
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LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,350
- $0.85
-
2418 Spanish Fork Avenue North Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1999
![property image]()
LEASED 09/30/20- Rent
- Rent Per SQFT
- $1,400
- $0.81
-
5127 Marshall Island Court North Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 1999
![property image]()
LEASED 08/27/20- Rent
- Rent Per SQFT
- $1,550
- $0.87
-
5438 Cypress Creek Street Las Vegas, NV 5
- 4 beds 2 baths ∙ 1,882 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,882 Sqft ∙ Built 1998
![property image]()
LEASED 05/31/20- Rent
- Rent Per SQFT
- $1,700
- $0.90
PROPERTY LISTING DETAILS
1.702.830.0428
Signature Real Estate Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2258717
Last Updated: 01/02/2021
