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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $207.20
- 7 Days on Market
- MLS # : 2265863
- Updated Date : 02/05/2021 at 23:00
CONSTRUCTION
- Beds : 5
- Floor Size : 4,030 sqft
- Baths : 2 full
Listing Agent
Black & Cherry Real Estate
Listing Agent's Description
IMPECCABLE PRIVATE STUNNING GUARD GATED 2 STORY HOME ON NEARLY HALF AN ACRE! PROPERTY FEATURES AN OPEN FLOOR PLAN WITH VAULTED CEILINGS, 5 BEDROOMS, PLUS MASSIVE FAMILY ROOM/ 2 WAY FIREPLACE, 4 BATHS, OASIS BACKYARD/POOL/SPA. HIGHLY UPGRADED KITCHEN WITH ESPRESSO CABINETS,GRANITE COUNTER TOPS/ STAINLESS STEEL APPLIANCES/AUXILIARY KITCHEN W/PANTRY/SINK/GARDEN WINDOW/MICROWAVE. ALL SOLID DOORS AND TILE THROUGHOUT. BEAUTIFUL LAUNDRY ROOM WITH SINK, CABINETS, GRANITE COUNTER-TOPS AND GARAGE ACCESS. LARGE MASTER BEDROOM W/DUEL WALK IN CLOSETS, SPACIOUS ONSUITE BATHROOM W/SEPARATE SHOWER, DEEP JETTED TUB/DOUBLE HIGH SINKS/AND MAKEUP VANITY. BACKYARD W/ MULTIPLE SEATING AREAS/PATIOS, REAL LUSH GRASS/INVITING PEBBLE POOL AND SPA IN PRIVATE WITH MATURE TREES/LARGE 3CAR GARAGE/FINISHED/CABINETS STORAGE GALORE TOO MANY UPGRADES TO LIST A MUST SEE! WELCOME HOME!
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: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,750 |
| EXPENSES | Loan Payment | -$2,900 |
| Property Tax | -$485 | |
| Property Insurance | -$105 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$140
|
||
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.
$835,000
PROJECTED PRICE
$3,750
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| 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
$227,025
LOAN DETAILS
$2,900
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $208,750 |
| Loan Amount | $626,250 |
6.67
YEARS SAVED
$69,284
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,750
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$3,748
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
253 Hickory Hollow Avenue Las Vegas, NV 3
- 5 beds 2 baths ∙ 4,030 Sqft ∙ Built 1997 5 beds 2 baths ∙ 4,030 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $3,750
- $0.93
-
579 Pala Mesa Court Las Vegas, NV 1
- 4 beds 3 baths ∙ 3,707 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,707 Sqft ∙ Built 2007
LEASED 05/01/20- Rent
- Rent Per SQFT
- $3,200
- $0.86
-
144 Robindale Las Vegas, NV 2
- 5 beds 2 baths ∙ 3,915 Sqft ∙ Built 1997 5 beds 2 baths ∙ 3,915 Sqft ∙ Built 1997
LEASED 06/20/20- Rent
- Rent Per SQFT
- $3,650
- $0.93
-
3994 Jacob Lake Circle Las Vegas, NV 4
- 5 beds 4 baths ∙ 4,201 Sqft ∙ Built 2017 5 beds 4 baths ∙ 4,201 Sqft ∙ Built 2017
LEASED 10/30/19- Rent
- Rent Per SQFT
- $4,000
- $0.95
-
430 Las Alturas Avenue Las Vegas, NV 5
- 5 beds 4 baths ∙ 4,088 Sqft ∙ Built 2007 5 beds 4 baths ∙ 4,088 Sqft ∙ Built 2007
LEASED 06/30/20- Rent
- Rent Per SQFT
- $4,000
- $0.98
PROPERTY LISTING DETAILS
1.702.280.7940
Black & Cherry Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2265863
Last Updated: 02/05/2021
