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2810 Phoenix Street 
Las Vegas, NV
89121
4 Beds 2 Baths 2,090 sqft
Built 1966
INVESTimate
$329,000
List Price
$92,935
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PROPERTY INFO
FACTS
- Built In 1966
- Price/Sqft : $157.42
- 6 Days on Market
- MLS # : 2223795
- Updated Date : 08/25/2020 at 09:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,090 sqft
- Baths : 1 full , 1 half
Listing Agent
Executive Realty Services
Listing Agent's Description
Great home with 4 bedrooms and 3 total baths. East side of Vegas Valley.
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: Winchester
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Winchester
* 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 | $1,590 |
| EXPENSES | Loan Payment | -$1,214 |
| Property Tax | -$133 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$57
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$329,000
PROJECTED PRICE
$1,590
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 10.11% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.50% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$92,935
LOAN DETAILS
$1,214
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,250 |
| Loan Amount | $246,750 |
6.58
YEARS SAVED
$29,858
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,588
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
2810 Phoenix Street Las Vegas, NV 3
- 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1966 4 beds 2 baths ∙ 2,090 Sqft ∙ Built 1966
![property image]()
- Rent
- Rent Per SQFT
- $1,590
- $0.76
-
3123 Congress Las Vegas, NV 1
- 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1963
![property image]()
LEASED 04/07/20- Rent
- Rent Per SQFT
- $1,400
- $0.73
-
2557 Boise Street Las Vegas, NV 2
- 4 beds 1 baths ∙ 2,013 Sqft ∙ Built 1971 4 beds 1 baths ∙ 2,013 Sqft ∙ Built 1971
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,495
- $0.74
-
3153 Liberty Circle Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1969
![property image]()
LEASED 11/21/19- Rent
- Rent Per SQFT
- $1,600
- $0.83
-
2561 Palma Vista Avenue Las Vegas, NV 5
- 5 beds 1 baths ∙ 2,239 Sqft ∙ Built 1965 5 beds 1 baths ∙ 2,239 Sqft ∙ Built 1965
![property image]()
LEASED 01/27/20- Rent
- Rent Per SQFT
- $1,650
- $0.74
PROPERTY LISTING DETAILS
1.170.233.38874
Executive Realty Services
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2223795
Last Updated: 08/25/2020
