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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $212.19
- 3 Days on Market
- MLS # : 2271573
- Updated Date : 02/20/2021 at 17:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,296 sqft
- Baths : 1 full
Listing Agent
Era Brokers Consolidated
Listing Agent's Description
STUNNING & IMMACULATE 1-story home in charming community with PICTURESQUE curb appeal!! MASSIVE Backyard Perfect for entertaining with an AMAZING VIEW!!! 3 spacious bedrooms, including 2 Full bathrooms!!! Chef's dream kitchen with rich wood cabinetry, beautiful counter tops, & NEW SS APPLIANCES!! DESIGNER selected finishes inside and out make this home ready for a feature on HGTV!
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
Zip Code: 89122
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 89122
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,310 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$174 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$10
|
||
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.
$275,000
PROJECTED PRICE
$1,310
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 11.1% |
| 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
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
5.58
YEARS SAVED
$16,611
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,310
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,170
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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3303 Kaniksu Court Las Vegas, NV 5
- 3 beds 1 baths ∙ 1,296 Sqft ∙ Built 2005 3 beds 1 baths ∙ 1,296 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,310
- $1.01
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6536 Flatwoods Bay Court Las Vegas, NV 1
- 4 beds 2 baths ∙ 1,442 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,442 Sqft ∙ Built 2006
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,300
- $0.90
-
3332 Wrangell Mountain Street Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2005
LEASED 06/14/20- Rent
- Rent Per SQFT
- $1,300
- $0.91
-
3318 Glacial Lake Street Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2005
LEASED 09/07/20- Rent
- Rent Per SQFT
- $1,300
- $0.91
-
6553 Za Zu Pitts Avenue #102 Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,468 Sqft ∙ Built 2007
LEASED 02/15/21- Rent
- Rent Per SQFT
- $1,300
- $0.89
PROPERTY LISTING DETAILS
1.702.469.0114
Era Brokers Consolidated
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271573
Last Updated: 02/20/2021
