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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $174.84
- 4 Days on Market
- MLS # : 2270904
- Updated Date : 02/20/2021 at 02:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,202 sqft
- Baths : 3 full , 1 half
Listing Agent
Leading Vegas Realty
Listing Agent's Description
Beautiful 4 bedroom 3.5 bath home with a bed & bath on first floor. Great open plan with vaulted ceiling. Upgraded cabinetry and flooring throughout home.
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: North Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,337 |
| Property Tax | -$327 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$103
|
||
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.
$385,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.4% |
| 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
$107,775
LOAN DETAILS
$1,337
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
4.25
YEARS SAVED
$15,583
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,712
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
309 Baxters Bay Street North Las Vegas, NV 4
- 4 beds 4 baths ∙ 2,202 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,202 Sqft ∙ Built 2019
![property image]()
- Rent
- Rent Per SQFT
- $1,750
- $0.79
-
216 Heathrow Lake Avenue North Las Vegas, NV 1
- 3 beds 3 baths ∙ 2,095 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,095 Sqft ∙ Built 2017
![property image]()
LEASED 09/08/20- Rent
- Rent Per SQFT
- $1,595
- $0.76
-
1013 Malibu Sands Avenue North Las Vegas, NV 2
- 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,151 Sqft ∙ Built 2004
![property image]()
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,598
- $0.74
-
6716 Maple Mesa Street #0 North Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2001
![property image]()
LEASED 07/23/20- Rent
- Rent Per SQFT
- $1,695
- $0.76
-
209 Whitetail Archery Avenue North Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2009
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,995
- $0.85
PROPERTY LISTING DETAILS
1.702.626.7806
Leading Vegas Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2270904
Last Updated: 02/20/2021
