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2552 Banora Point Drive 
Las Vegas, NV
89134
2 Beds 3 Baths 2,577 sqft
Built 1995
INVESTimate
$511,000
List Price
$141,165
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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $198.29
- 7 Days on Market
- MLS # : 2224080
- Updated Date : 08/25/2020 at 16:00
CONSTRUCTION
- Beds : 2
- Floor Size : 2,577 sqft
- Baths : 2 full , 1 half
Listing Agent
Realestatelocity.com
Listing Agent's Description
This cozy home has a wide front porch where you can sit in the evening and greet your neighbors, and inside, the living room features a beautiful open floor plan. The kitchen has all the counter space you could ever want, and the spacious back patio is perfect for having a cocktail (or three) and watching the sunset after a long day.
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 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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,560 |
| EXPENSES | Loan Payment | -$1,885 |
| Property Tax | -$329 | |
| Property Insurance | -$77 | |
| HOA | -$50 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$99
|
||
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.
$511,000
PROJECTED PRICE
$2,560
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.05% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$141,165
LOAN DETAILS
$1,885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $127,750 |
| Loan Amount | $383,250 |
7
YEARS SAVED
$50,325
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,560
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$2,899
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
2552 Banora Point Drive Las Vegas, NV 2
- 2 beds 3 baths ∙ 2,577 Sqft ∙ Built 1995 2 beds 3 baths ∙ 2,577 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $2,560
- $0.99
-
2912 Haddon Drive #0 Las Vegas, NV 1
- 2 beds 1 baths ∙ 2,486 Sqft ∙ Built 1992 2 beds 1 baths ∙ 2,486 Sqft ∙ Built 1992
LEASED 02/27/19- Rent
- Rent Per SQFT
- $2,100
- $0.84
-
9413 Eagle Valley Drive Las Vegas, NV 3
- 2 beds 1 baths ∙ 2,486 Sqft ∙ Built 1990 2 beds 1 baths ∙ 2,486 Sqft ∙ Built 1990
LEASED 02/08/20- Rent
- Rent Per SQFT
- $3,500
- $1.41
PROPERTY LISTING DETAILS
1.702.280.3046
Realestatelocity.com
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224080
Last Updated: 08/25/2020
