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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $217.73
- 2 Days on Market
- MLS # : 2256813
- Updated Date : 12/19/2020 at 13:30
CONSTRUCTION
- Beds : 2
- Floor Size : 1,653 sqft
- Baths : 1 full
Listing Agent
Signature Real Estate Group
Listing Agent's Description
Tour This Charming Spacious Home Located In Sought After Sun City Summerlin, This 2 Bathroom & A Den Home Includes New Paint And Plank Flooring Throughout, A Living Room With/Gas Fireplace, Separate Family & Dining Rooms, A Kitchen With A Breakfast Bar, Breakfast Room, Gas Stove, Built In Microwave Plus Great Counter & Storage Space. The Separate Family Room/Den Features Built In Entertainment Plus Surround Sound Capability & A Second Access To The Patio. For Those Looking For An Additional Office, The Indoor Laundry Not Only Offers A Wash Basin And Cabinetry But Also A Built In Office. The Primary Bedroom Features A Bay Window Over Looking The Back Yard, A Walk In Closet Plus A Second Wardrobe Closet As Well, The Primary Bathroom Features Double Sinks Plus A Separate Walk In Shower Room For Privacy and Comfort, The Guest Bedroom Showcases Built In Bookcases plus A Large Walk In Closet. Other Features Include An Expanded Cover Patio, Garage Golf Cart Area, Storage & A Workshop space.
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: 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 | $1,700 |
| EXPENSES | Loan Payment | -$1,328 |
| Property Tax | -$218 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$24
|
||
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.
$359,900
PROJECTED PRICE
$1,700
PROJECTED RENT
0.47%
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
$101,124
LOAN DETAILS
$1,328
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
5.58
YEARS SAVED
$26,281
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,698
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
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3100 Moongold Court Las Vegas, NV 4
- 2 beds 1 baths ∙ 1,653 Sqft ∙ Built 1989 2 beds 1 baths ∙ 1,653 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $1,700
- $1.03
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2825 Greenview Court Las Vegas, NV 1
- 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,653 Sqft ∙ Built 1988
LEASED 06/26/20- Rent
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- $1,650
- $1.00
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9236 January Drive Las Vegas, NV 2
- 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 3
- 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
-
3013 Golf Links Drive Las Vegas, NV 5
- 2 beds 1 baths ∙ 1,637 Sqft ∙ Built 1988 2 beds 1 baths ∙ 1,637 Sqft ∙ Built 1988
LEASED 11/05/20- Rent
- Rent Per SQFT
- $1,750
- $1.07
PROPERTY LISTING DETAILS
1.702.265.4322
Signature Real Estate Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256813
Last Updated: 12/19/2020
