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2801 Albrook Circle 
Las Vegas, NV
89117
5 Beds 3 Baths 3,137 sqft
Built 1988
INVESTimate
$469,000
List Price
$130,035
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PROPERTY INFO
FACTS
- Built In 1988
- Price/Sqft : $149.51
- 3 Days on Market
- MLS # : 2223703
- Updated Date : 08/24/2020 at 16:18
CONSTRUCTION
- Beds : 5
- Floor Size : 3,137 sqft
- Baths : 3 full
Listing Agent
Barrett & Co, Inc
Listing Agent's Description
Gorgeous 5 br, 3bath, 3 car garage and RV parking located in the center of the Cul-De-Sac. With the best HOA in the Valley.Over 10,000 Sq. Ft. lot. Only $77/Q. This beauty boosts a beach entry heated pool. Completely remodeled Master Bath- with onyx back splash A MUST SEE!!! Central Vacuum, water softener system. Roll down sun screens on back patio to shelter BBQ area from sunset. Young, fruit bearing, dwarf fig tree. Backs up a waterfall/pond. Bring your Buyers, this won't last. There is so much to see and enjoy.
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: The Section Seven
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Section Seven
* 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 | $2,520 |
| EXPENSES | Loan Payment | -$1,730 |
| Property Tax | -$325 | |
| Property Insurance | -$88 | |
| HOA | -$77 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$181
|
||
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.
$469,000
PROJECTED PRICE
$2,520
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.40% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$130,035
LOAN DETAILS
$1,730
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $117,250 |
| Loan Amount | $351,750 |
7.83
YEARS SAVED
$56,069
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,520
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,517
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
2801 Albrook Circle Las Vegas, NV 3
- 5 beds 3 baths ∙ 3,137 Sqft ∙ Built 1988 5 beds 3 baths ∙ 3,137 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $2,520
- $0.80
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2732 Tidewater Court Las Vegas, NV 1
- 5 beds 3 baths ∙ 3,107 Sqft ∙ Built 1988 5 beds 3 baths ∙ 3,107 Sqft ∙ Built 1988
LEASED 12/17/19- Rent
- Rent Per SQFT
- $2,350
- $0.76
-
2013 Loggerhead Road Las Vegas, NV 2
- 5 beds 3 baths ∙ 3,078 Sqft ∙ Built 1990 5 beds 3 baths ∙ 3,078 Sqft ∙ Built 1990
LEASED 01/10/20- Rent
- Rent Per SQFT
- $2,395
- $0.78
-
9416 Crown Vista Lane Las Vegas, NV 4
- 6 beds 2 baths ∙ 3,137 Sqft ∙ Built 1989 6 beds 2 baths ∙ 3,137 Sqft ∙ Built 1989
LEASED 03/18/20- Rent
- Rent Per SQFT
- $2,599
- $0.83
-
2005 Loggerhead Road Las Vegas, NV 5
- 5 beds 2 baths ∙ 3,078 Sqft ∙ Built 1990 5 beds 2 baths ∙ 3,078 Sqft ∙ Built 1990
LEASED 03/30/20- Rent
- Rent Per SQFT
- $2,600
- $0.84
PROPERTY LISTING DETAILS
1.619.852.7900
Barrett & Co, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2223703
Last Updated: 08/24/2020
