Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $237.52
- 6 Days on Market
- MLS # : 2258175
- Updated Date : 12/31/2020 at 19:51
CONSTRUCTION
- Beds : 3
- Floor Size : 2,564 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty Las Vegas
Listing Agent's Description
FULL STRIP/CITY/MOUNTAIN VIEWS*Reverence Masterplan*Pulte contemporary La Vista model*Stunning Upgrades*Soaring 20' Entry*Floating Stairs*Great room plan w/tile main floor*9' ceilings & 8' doors*Double sliding door to covered patio for outdoor entertaining & amazing views*Loft plus upstairs balcony*Gourmet kitchen w/42" white cabinets, island, tile, 5 burner cooktop, stainless steel appliances & range hood, 7' walk-in pantry, quartz, breakfast bar, pendant lighting, custom backsplash & pulls*Electric Shades & Shutters*Primary bdrm w/full Strip views, shutters, 11' walk-in closet & 2nd 6' walk-in closet*Primary spa bath w/double sinks plus 9' walk-in shower w/double shower heads*Guest bdrm #2 features shutters, mtn views & 8' walk-in closet*Guest bdrm #3 features shutters, ceiling fan & 7' walk-in closet*Downstairs office/den*Computer Niche*Plus, tankless hot water, ring doorbell, laundry w/cabinets, garage racks, custom garage door, custom lights & ceiling fan prewires*IMMACULATE
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
Zip Code: 89138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 89138
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,610 |
| EXPENSES | Loan Payment | -$2,247 |
| Property Tax | -$528 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$361
|
||
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.
$609,000
PROJECTED PRICE
$2,610
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.1% |
| 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
$167,135
LOAN DETAILS
$2,247
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $152,250 |
| Loan Amount | $456,750 |
2.92
YEARS SAVED
$16,313
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,610
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$2,602
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
2720 Evolutionary Lane Las Vegas, NV 5
- 3 beds 3 baths ∙ 2,564 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,564 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $2,610
- $1.02
-
10936 Free Flow Place Las Vegas, NV 1
- 3 beds 3 baths ∙ 2,564 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,564 Sqft ∙ Built 2018
![property image]()
LEASED 11/04/20- Rent
- Rent Per SQFT
- $2,500
- $0.98
-
2641 Iron Crest Lane Las Vegas, NV 2
- 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,648 Sqft ∙ Built 2018
![property image]()
LEASED 02/05/20- Rent
- Rent Per SQFT
- $2,600
- $0.98
-
2604 Iron Crest Lane Las Vegas, NV 3
- 3 beds 3 baths ∙ 2,564 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,564 Sqft ∙ Built 2017
![property image]()
LEASED 04/10/20- Rent
- Rent Per SQFT
- $2,600
- $1.01
-
10941 Terra Azul Place Las Vegas, NV 4
- 3 beds 3 baths ∙ 2,390 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,390 Sqft ∙ Built 2018
![property image]()
LEASED 11/23/20- Rent
- Rent Per SQFT
- $2,600
- $1.09
PROPERTY LISTING DETAILS
1.702.460.5080
Keller Williams Realty Las Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2258175
Last Updated: 12/31/2020
