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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $177.19
- 3 Days on Market
- MLS # : 2255710
- Updated Date : 12/18/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,552 sqft
- Baths : 2 full
Listing Agent
Simply Vegas
Listing Agent's Description
Beautiful 1Story home in a gated community 3bed 2bath with wood laminate flooring throughout. Vaulted ceilings, open floor plan, spacious kitchen with large island. Big master bedroom with spacious master bath and a large walk-in closet. A must see home it won't last long!!
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
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 | $1,400 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$190 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$19
|
||
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
$1,400
PROJECTED RENT
0.51%
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
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
5.67
YEARS SAVED
$20,825
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,385
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
3353 Mendocino Forest Street Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,400
- $0.90
-
3318 Glacial Lake Street Las Vegas, NV 1
- 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
-
3332 Sheep Canyon Street Las Vegas, NV 2
- 3 beds 1 baths ∙ 1,552 Sqft ∙ Built 2005 3 beds 1 baths ∙ 1,552 Sqft ∙ Built 2005
LEASED 10/20/20- Rent
- Rent Per SQFT
- $1,350
- $0.87
-
6221 Eagle Cap Court Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2005
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,395
- $0.90
-
3511 Tundra Swan Street Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,744 Sqft ∙ Built 2005
LEASED 01/10/20- Rent
- Rent Per SQFT
- $1,550
- $0.89
PROPERTY LISTING DETAILS
1.702.515.9946
Simply Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2255710
Last Updated: 12/18/2020
