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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $173.01
- 4 Days on Market
- MLS # : 2271390
- Updated Date : 02/20/2021 at 02:30
CONSTRUCTION
- Beds : 3
- Floor Size : 3,468 sqft
- Baths : 2 full , 1 half
Listing Agent
Simply Vegas
Listing Agent's Description
Priced below Comps for quick sale! This Ranch style home sits on nearly a 1/2 acre located in the heart of Las Vegas. Well aged trees and nicely landscaped grass yards in both front and back. Large pool and spa. Unique features include prep kitchen, in a separate room in back of large garages. Storage shed with power included. Home is on septic system.
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: The Lakes-Country Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Lakes-Country Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,190 |
| EXPENSES | Loan Payment | -$2,084 |
| Property Tax | -$349 | |
| Property Insurance | -$94 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$544
|
||
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.
$600,000
PROJECTED PRICE
$3,190
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.5% |
| 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
$164,750
LOAN DETAILS
$2,084
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $150,000 |
| Loan Amount | $450,000 |
10.58
YEARS SAVED
$95,084
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,190
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$3,251
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
2857 South Buffalo Drive Las Vegas, NV 3
- 3 beds 3 baths ∙ 3,468 Sqft ∙ Built 1982 3 beds 3 baths ∙ 3,468 Sqft ∙ Built 1982
- Rent
- Rent Per SQFT
- $3,190
- $0.92
-
7755 Coley Avenue Las Vegas, NV 1
- 4 beds 3 baths ∙ 3,305 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,305 Sqft ∙ Built 1988
LEASED 02/12/21- Rent
- Rent Per SQFT
- $2,950
- $0.89
-
3908 Windansea Street Las Vegas, NV 2
- 4 beds 4 baths ∙ 3,369 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,369 Sqft ∙ Built 1995
LEASED 09/03/20- Rent
- Rent Per SQFT
- $3,000
- $0.89
-
8745 Double Eagle Drive Las Vegas, NV 4
- 4 beds 4 baths ∙ 3,652 Sqft ∙ Built 1989 4 beds 4 baths ∙ 3,652 Sqft ∙ Built 1989
LEASED 05/15/20- Rent
- Rent Per SQFT
- $3,500
- $0.96
-
3025 Monte Cristo Las Vegas, NV 5
- 4 beds 3 baths ∙ 3,563 Sqft ∙ Built 1984 4 beds 3 baths ∙ 3,563 Sqft ∙ Built 1984
LEASED 05/27/20- Rent
- Rent Per SQFT
- $3,600
- $1.01
PROPERTY LISTING DETAILS
1.702.496.4126
Simply Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271390
Last Updated: 02/20/2021
