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3317 Bristlecone Street 
Las Vegas, NV
89146
4 Beds 1 Baths 2,475 sqft
Built 1986
INVESTimate
$549,000
List Price
$151,235
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PROPERTY INFO
FACTS
- Built In 1986
- Price/Sqft : $221.82
- 8 Days on Market
- MLS # : 2223423
- Updated Date : 08/25/2020 at 08:44
CONSTRUCTION
- Beds : 4
- Floor Size : 2,475 sqft
- Baths : 1 full
Listing Agent
Proximity Capital
Listing Agent's Description
Perfect Family Home, Custom Single Story, Centrally Located 10 minutes to Summerlin, 10 minutes to Strip, Sparkling Salt Water Pool, Spa, and Kids Pool, Full Fenced Front and Backyard, 3 Car Garage, Walk In Closet, Large Master Bedroom, Open Kitchen and Great Room, Jacuzzi Tub, Walk In Shower for 2, Playground Area, Over 10 Mature Queen Palms
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: Spring Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Spring Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,110 |
| EXPENSES | Loan Payment | -$2,026 |
| Property Tax | -$261 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$371
|
||
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.
$549,000
PROJECTED PRICE
$2,110
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.91% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$151,235
LOAN DETAILS
$2,026
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,250 |
| Loan Amount | $411,750 |
2.58
YEARS SAVED
$13,203
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,110
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,333
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
3317 Bristlecone Street Las Vegas, NV 3
- 4 beds 1 baths ∙ 2,475 Sqft ∙ Built 1986 4 beds 1 baths ∙ 2,475 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $2,110
- $0.85
-
2920 Sean Darin Las Vegas, NV 1
- 4 beds 2 baths ∙ 2,377 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,377 Sqft ∙ Built 1988
LEASED 06/20/20- Rent
- Rent Per SQFT
- $2,055
- $0.86
-
3831 New Era Las Vegas, NV 2
- 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 2002
LEASED 06/11/20- Rent
- Rent Per SQFT
- $2,100
- $0.92
-
6240 Pride Lane Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 1990
LEASED 10/01/19- Rent
- Rent Per SQFT
- $2,250
- $0.96
-
2825 Bronco Las Vegas, NV 5
- 4 beds 2 baths ∙ 2,566 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,566 Sqft ∙ Built 1985
LEASED 05/19/20- Rent
- Rent Per SQFT
- $2,650
- $1.03
PROPERTY LISTING DETAILS
1.702.540.5471
Proximity Capital
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2223423
Last Updated: 08/25/2020
