Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $156.25
- 5 Days on Market
- MLS # : 2266567
- Updated Date : 02/07/2021 at 02:09
CONSTRUCTION
- Beds : 3
- Floor Size : 1,888 sqft
- Baths : 2 full
Listing Agent
The Pmg Realty Company Llc
Listing Agent's Description
Beautiful single story home near shopping, freeways and the VA hospital. This open space beauty features ample cabinets space, inviting living room overlooking the kitchen* Granite countertops, dual sink in the master bathroom* Separate bathtub and shower in master bathroom. AC unit is less than 2 years old. Enjoy the serene atmosphere in the backyard. Must See to Appreciate!
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: Shadow Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Shadow Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$1,025 |
| Property Tax | -$238 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$15
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$295,000
PROJECTED PRICE
$1,460
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 10.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.50% |
| 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
$83,925
LOAN DETAILS
$1,025
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
5.5
YEARS SAVED
$17,349
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,581
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
3172 Calamus Pointe Avenue North Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,460
- $0.77
-
3105 Red Imp Avenue North Las Vegas, NV 1
- 4 beds 2 baths ∙ 1,815 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,815 Sqft ∙ Built 2007
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,425
- $0.79
-
3316 Palatine Hills Avenue #0 North Las Vegas, NV 3
- 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,888 Sqft ∙ Built 2005
LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,550
- $0.82
-
3104 Hartley Cove Avenue North Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,888 Sqft ∙ Built 2004
LEASED 10/19/20- Rent
- Rent Per SQFT
- $1,695
- $0.90
-
6219 Tazewell Court #none North Las Vegas, NV 5
- 3 beds 3 baths ∙ 2,012 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,012 Sqft ∙ Built 2005
LEASED 01/22/21- Rent
- Rent Per SQFT
- $1,695
- $0.84
PROPERTY LISTING DETAILS
1.702.526.5506
The Pmg Realty Company Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2266567
Last Updated: 02/07/2021
