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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $308.22
- 7 Days on Market
- MLS # : 2248531
- Updated Date : 11/20/2020 at 11:09
CONSTRUCTION
- Beds : 2
- Floor Size : 1,703 sqft
- Baths : 2 full
Listing Agent
Realty One Group, Inc
Listing Agent's Description
LOCATION – LOT ORIENTATION – THIS HOME HAS IT ALL, LOCATED JUST OFF THE TEE BOXES ON THE FIRST HOLE OF THE PALMS GOLF COURSE, FACING WEST, SO THE SCENIC GOLF COURSE VIEW FROM THE INTERIOR / PATIO IS SHIELDED FROM THE LONG AFTERNOON SUMMER SUN. Highly Desirable/ Reconfigured/ Fully Renovated/ Stately Minden Model**Turn Key Condition/See Virtual Tour**2BDRMS/2Baths/2CarGar.**New Multi-Tone Interior Paint**24x48 Tile Throughout Main Body of Home**Sculpted Carpet in Bedrooms**Beautiful Galley Kitchen W/All New Cabinets**New Quartz Counter Tops Throughout Home**New Appliances**All New Plumbing Fixtures/Electrical Fixtures/Door Hardware**Fully Renovated Master Bath / Hall Bath**Nothing Untouched**
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
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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$1,937 |
| Property Tax | -$286 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$692
|
||
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.
$524,900
PROJECTED PRICE
$1,710
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| 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
$144,849
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,225 |
| Loan Amount | $393,675 |
0.42
YEARS SAVED
$718
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,694
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
2816 Castle Bar Drive Las Vegas, NV 5
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- $1,710
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- $1,500
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2825 Greenview Court Las Vegas, NV 2
- 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1988
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,650
- $1.00
-
9236 January Drive Las Vegas, NV 3
- 2 beds 1 baths ∙ 1,585 Sqft ∙ Built 1993 2 beds 1 baths ∙ 1,585 Sqft ∙ Built 1993
LEASED 05/14/20- Rent
- Rent Per SQFT
- $1,650
- $1.04
-
9104 Sundial Drive #0 Las Vegas, NV 4
- 2 beds 1 baths ∙ 1,653 Sqft ∙ Built 1990 2 beds 1 baths ∙ 1,653 Sqft ∙ Built 1990
LEASED 09/30/20- Rent
- Rent Per SQFT
- $1,650
- $1.00
PROPERTY LISTING DETAILS
1.702.379.1353
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2248531
Last Updated: 11/20/2020
