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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $199.77
- 2 Days on Market
- MLS # : 2256795
- Updated Date : 12/19/2020 at 07:59
CONSTRUCTION
- Beds : 3
- Floor Size : 1,812 sqft
- Baths : 2 full , 1 half
Listing Agent
Simply Vegas
Listing Agent's Description
Beautiful move-in ready home in the heart of Inspirada! This 1,812 sq ft home features 3 bd + loft, open floorplan, paverstone private yard, walk-in closet & dual sinks in primary room (master). Located direcly across from Capriola Park (soccer fields, pet park, playgrounds, splash pads, tennis courts, basketball courts) and steps away from Ellis Elementary! Ready for you to call this home!
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 Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Anthem
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$1,336 |
| Property Tax | -$256 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$7
|
||
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.
$361,990
PROJECTED PRICE
$1,780
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 5.1% |
| 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
$101,677
LOAN DETAILS
$1,336
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $90,498 |
| Loan Amount | $271,493 |
6.17
YEARS SAVED
$29,845
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,767
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
3169 Beltrada Avenue Henderson, NV 3
- 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 2016
![property image]()
- Rent
- Rent Per SQFT
- $1,780
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LEASED 07/23/20- Rent
- Rent Per SQFT
- $1,650
- $1.01
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2283 Via Firenze Henderson, NV 2
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LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,690
- $0.92
-
2253 Lambro Street Henderson, NV 4
- 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,842 Sqft ∙ Built 2017
![property image]()
LEASED 07/21/20- Rent
- Rent Per SQFT
- $1,795
- $0.97
-
2264 Lambro Street Henderson, NV 5
- 3 beds 3 baths ∙ 1,843 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,843 Sqft ∙ Built 2018
![property image]()
LEASED 11/12/20- Rent
- Rent Per SQFT
- $1,850
- $1.00
PROPERTY LISTING DETAILS
1.702.376.4332
Simply Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256795
Last Updated: 12/19/2020
