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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $305.54
- 3 Days on Market
- MLS # : 2256249
- Updated Date : 12/18/2020 at 19:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,291 sqft
- Baths : 3 full
Listing Agent
Flat Fee Pros
Listing Agent's Description
Desert Shores Waterfront 2-Story Home With 4 Large Bedrooms, 3 Full Bathrooms, 3-Car Garage! Vaulted Ceilings With Ceiling Fans & 3 Fireplaces. Spacious Living & Family Rooms. Master Soaking Tub, Sep Shower & Walk In Closet. 4th Bedroom & Full Bath Located On 1st Floor. Lakeside Living In Family Oriented Community With One Low HOA! Mountain & Lake Views. New In 2020 - Porcelain Tile Floors On 1st Floor W/Remodeled Marble Stacked Stone Fireplaces. Luxury Kitchen Appliances. Quartzite Countertops In Updated Kitchen, Laminate Flooring Upstairs, Remodeled Master Bath, New Paver Patio & Sprinkler Lines, New Exterior & Interior Paint Including Cabinets. New In 2017 - Roof & Energy Star Insulated Windows & Slider, Hot Water Heater And Water Softener, Low Flow Toilets And Faucets With Supply Lines. Wooden Blinds Included. You Do Not Want To Miss This Rare Beauty! Schedule Your Showing Today!
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: Desert Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$2,583 |
| Property Tax | -$266 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$1,089
|
||
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.
$700,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.28%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| 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
$191,250
LOAN DETAILS
$2,583
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $175,000 |
| Loan Amount | $525,000 |
0.25
YEARS SAVED
$153
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,913
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
2913 Channel Bay Drive Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 1990
![property image]()
- Rent
- Rent Per SQFT
- $1,950
- $0.85
-
7612 Cruz Bay Court Las Vegas, NV 1
- 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 1989
![property image]()
LEASED 02/10/20- Rent
- Rent Per SQFT
- $1,650
- $0.76
-
3021 Savona Circle Las Vegas, NV 2
- 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 1989
![property image]()
LEASED 01/16/20- Rent
- Rent Per SQFT
- $1,700
- $0.77
-
7608 Cruz Bay Court Las Vegas, NV 4
- 4 beds 2 baths ∙ 2,247 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,247 Sqft ∙ Built 1989
![property image]()
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,995
- $0.89
-
7608 Tortola Bay Lane Las Vegas, NV 5
- 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,171 Sqft ∙ Built 1989
![property image]()
LEASED 08/13/20- Rent
- Rent Per SQFT
- $2,000
- $0.92
PROPERTY LISTING DETAILS
1.702.609.6196
Flat Fee Pros
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256249
Last Updated: 12/18/2020
