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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $157.56
- 13 Days on Market
- MLS # : 2259343
- Updated Date : 01/16/2021 at 16:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,665 sqft
- Baths : 4 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
No HOA! Large lot with private pool/spa and covered RV parking separate from the 2 car garage. This home features 4 bedrooms each with it's own bathroom and a 1/2 bath for guests! Family room with beautiful gas fireplace and mm laminate flooring, additional living room also with mm laminate flooring, over size kitchen island with granite counter tops and pendant lights w/full tile backsplash, SS appliances which all stay. Front entry w/security gate. Pool re-plastered in 2017 and new pool pump and heater. Covered patio with tile flooring. One bedroom features handicap accessible shower and additional washer/dryer hookup which could be a next-gen suite! Security camera's convey with home.
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
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,120 |
| EXPENSES | Loan Payment | -$1,458 |
| Property Tax | -$268 | |
| Property Insurance | -$79 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$195
|
||
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.
$419,900
PROJECTED PRICE
$2,120
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| 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
$117,024
LOAN DETAILS
$1,458
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $104,975 |
| Loan Amount | $314,925 |
8.25
YEARS SAVED
$45,952
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,120
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,105
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
3353 Rochelle Avenue Las Vegas, NV 3
- 4 beds 5 baths ∙ 2,665 Sqft ∙ Built 1981 4 beds 5 baths ∙ 2,665 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $2,120
- $0.80
-
2663 Regency Cove Court Las Vegas, NV 1
- 5 beds 3 baths ∙ 2,509 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,509 Sqft ∙ Built 2000
![property image]()
LEASED 06/06/20- Rent
- Rent Per SQFT
- $1,795
- $0.72
-
4461 Paseo El Rio Drive Las Vegas, NV 2
- 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 1978
![property image]()
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,800
- $0.76
-
4450 Palm Mesa Drive Las Vegas, NV 4
- 5 beds 3 baths ∙ 2,469 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,469 Sqft ∙ Built 1990
![property image]()
LEASED 05/07/20- Rent
- Rent Per SQFT
- $2,200
- $0.89
PROPERTY LISTING DETAILS
1.702.203.0997
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2259343
Last Updated: 01/16/2021
