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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $218.11
- 9 Days on Market
- MLS # : 2268400
- Updated Date : 02/13/2021 at 22:52
CONSTRUCTION
- Beds : 4
- Floor Size : 3,324 sqft
- Baths : 2 full
Listing Agent
Signature Real Estate Group
Listing Agent's Description
72-hour home sale. Inquire immediately. Alainte Estates is an exclusive gated community near golfing, shopping and countless parks. After adding $500K in upgrades, the sellers are retiring to Arizona. Now you may have a chance to own this exquisitely-designed, custom retreat. Every upgrade is creme de la creme and luxurious touches have been added to every detail. All 4 bedrooms offer views of the award-winning, Trademark Landscapes- imported from Az. The resort-like rear yard steals the show with a built-in Cantera Stone fireplace, a walk-up Bar & BBQ, a Mediterranean-style pond and countless Japanese Blueberries, exotic Palms and other foliage. You will not believe your eyes- it's absolutely breathtaking in the day and dazzling after dark! The Baby Grand piano, entry & dining room chandeliers and most furnishings are negotiable. Call today and schedule a showing.
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: Aliante
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Aliante
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,280 |
| EXPENSES | Loan Payment | -$2,518 |
| Property Tax | -$428 | |
| Property Insurance | -$92 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$877
|
||
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.
$725,000
PROJECTED PRICE
$2,280
PROJECTED RENT
0.31%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.2% |
| 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
$197,875
LOAN DETAILS
$2,518
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $181,250 |
| Loan Amount | $543,750 |
0.42
YEARS SAVED
$931
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,280
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$2,102
COMP ESTIMATED VALUE -
$0.63
COMP AVG. RENT PER SQFT
Comps Range
-
2712 Tanagrine Drive North Las Vegas, NV 4
- 4 beds 2 baths ∙ 3,324 Sqft ∙ Built 2005 4 beds 2 baths ∙ 3,324 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $2,280
- $0.69
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2305 Mountain Rail Drive North Las Vegas, NV 1
- 4 beds 3 baths ∙ 3,194 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,194 Sqft ∙ Built 2005
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,900
- $0.59
-
3409 Perching Bird Lane Lane North Las Vegas, NV 2
- 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2007
LEASED 01/13/21- Rent
- Rent Per SQFT
- $2,000
- $0.63
-
7038 Pink Flamingos Place North Las Vegas, NV 3
- 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,177 Sqft ∙ Built 2006
LEASED 07/14/20- Rent
- Rent Per SQFT
- $2,100
- $0.66
-
2104 Merganser Court North Las Vegas, NV 5
- 4 beds 3 baths ∙ 3,508 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,508 Sqft ∙ Built 2004
LEASED 11/30/20- Rent
- Rent Per SQFT
- $2,295
- $0.65
PROPERTY LISTING DETAILS
1.702.885.4383
Signature Real Estate Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2268400
Last Updated: 02/13/2021
