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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $226.15
- 6 Days on Market
- MLS # : 2258033
- Updated Date : 01/02/2021 at 00:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,724 sqft
- Baths : 1 full
Listing Agent
Homesmart Encore
Listing Agent's Description
Totally Remodeled and Absolutely Beautiful, no expense was spared in this remodel, it's Gorgeous with open & airy floor plan , remodeled kitchen with granite tops, pantry, stainless steel appliances, beautiful flooring, custom cabs, Large Living room with custom fireplace and double entry doors lead to rear yard paradise with pool, custom firepit, dog run, covered patio, new quality flooring throughout, Primary Bedroom retreat is huge with sitting room, custom walk in closet, double doors leading to rear yard, bathrooms both remodeled with gorgeous finishes, property located in great location next to historic Las Vegas National Golf Course, close to everything, your buyer will not be disappointed....
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Paradise Palms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Palms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$1,439 |
| Property Tax | -$157 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$125
|
||
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.
$389,888
PROJECTED PRICE
$1,650
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 10.6% |
| 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
$109,070
LOAN DETAILS
$1,439
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,472 |
| Loan Amount | $292,416 |
4.25
YEARS SAVED
$17,940
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,711
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
3315 Ayita Circle Las Vegas, NV 4
- 3 beds 1 baths ∙ 1,724 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,724 Sqft ∙ Built 1962
![property image]()
- Rent
- Rent Per SQFT
- $1,650
- $0.96
-
1553 Silver Mesa Way Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1964
![property image]()
LEASED 12/11/20- Rent
- Rent Per SQFT
- $1,550
- $0.87
-
3164 Silver Saddle Street Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1963
![property image]()
LEASED 12/28/20- Rent
- Rent Per SQFT
- $1,595
- $0.97
-
2163 Golden Arrow Drive Las Vegas, NV 3
- 3 beds 1 baths ∙ 1,780 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,780 Sqft ∙ Built 1963
![property image]()
LEASED 02/02/20- Rent
- Rent Per SQFT
- $1,600
- $0.90
-
3328 Seneca Drive Las Vegas, NV 5
- 4 beds 1 baths ∙ 1,720 Sqft ∙ Built 1962 4 beds 1 baths ∙ 1,720 Sqft ∙ Built 1962
![property image]()
LEASED 07/29/20- Rent
- Rent Per SQFT
- $2,120
- $1.23
PROPERTY LISTING DETAILS
1.702.526.6741
Homesmart Encore
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2258033
Last Updated: 01/02/2021
