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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $250.56
- 2 Days on Market
- MLS # : 2260529
- Updated Date : 01/09/2021 at 19:30
CONSTRUCTION
- Beds : 2
- Floor Size : 1,157 sqft
- Baths : 1 full
Listing Agent
Cline Realty
Listing Agent's Description
Enjoy the wonderful lifestyle in Sun City Aliante 55+ community with all the amenities. This immaculate home features beautiful laminate wood floors in bedrooms and great room, spacious kitchen with breakfast nook, beautiful granite counters, lots of upgraded cabinets with pull out shelves, stainless steel sink, panty and neutral ceramic tile floors. Master bedroom boasts a walk in closet, master bath with upgraded tiled step in shower and double sinks. This gorgeous home is move in ready and comes complete with all appliances, ceiling fans, covered patio, fenced back yard and a home warranty in place.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Sun City Aliante
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Aliante
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,290 |
| EXPENSES | Loan Payment | -$1,007 |
| Property Tax | -$194 | |
| Property Insurance | -$50 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$80
|
||
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.
$289,900
PROJECTED PRICE
$1,290
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.3% |
| 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
$82,574
LOAN DETAILS
$1,007
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
4.42
YEARS SAVED
$12,390
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,290
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$1,064
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
2821 Ground Robin Drive North Las Vegas, NV 3
- 2 beds 1 baths ∙ 1,157 Sqft ∙ Built 2004 2 beds 1 baths ∙ 1,157 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,290
- $1.11
-
3508 Hazelnut Pine Place #2 North Las Vegas, NV 1
- 2 beds 3 baths ∙ 1,332 Sqft ∙ Built 2004 2 beds 3 baths ∙ 1,332 Sqft ∙ Built 2004
LEASED 12/30/19- Rent
- Rent Per SQFT
- $1,200
- $0.90
-
6748 Lavender Lilly Lane #2 North Las Vegas, NV 2
- 2 beds 3 baths ∙ 1,332 Sqft ∙ Built 2005 2 beds 3 baths ∙ 1,332 Sqft ∙ Built 2005
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,250
- $0.94
PROPERTY LISTING DETAILS
1.702.306.2508
Cline Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2260529
Last Updated: 01/09/2021
