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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $212.37
- 2 Days on Market
- MLS # : 2271023
- Updated Date : 02/20/2021 at 21:21
CONSTRUCTION
- Beds : 4
- Floor Size : 1,883 sqft
- Baths : 3 full
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
ABSOLUTELY GORGEOUS!! THIS UPGRADED SOUTHWEST HOME HAS IT ALL.....4 BEDROOMS, 1 DOWNSTAIRS WITH FULL BATH AND SPACIOUS PRIMARY SUITE UPSTAIRS* POOL & SPA WITH PEBBLETECH FINISH* FORMAL LIVING/DINING ROOM COMBO FEATURING VAULTED CEILINGS* KITCHEN BOASTS GRANITE COUNTER TOPS WITH 1" GLASS MOSAIC BACKSPLASH, NEWER ALL STAINLESS STEEL APPLIANCES, PULL-OUT SHELVES, LARGE ISLAND AND NOOK AREA OFFERS A WONDERFUL VIEW OF TROPICAL BACKYARD. FAMILY ROOM IS OPEN TO KITCHEN AND INCLUDES COZY FIREPLACE* NEWER PORCELAIN TILE FLOORS DOWNSTAIRS AND NEWER CARPETING UPSTAIRS* NO HOME OWNERS ASSOCIATION* WALK TO DESERT BREEZE PARK, A 240 ACRE COMMUNITY CENTER FEATURING POOL, BASKETBALL, SOCCER/FOOTBALL FIELDS, PLAYGOUNDS, DOG PARKS, CLASSES AND MORE...*
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: 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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$210 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$172
|
||
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.
$399,900
PROJECTED PRICE
$1,610
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.9% |
| 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
$111,724
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
3.58
YEARS SAVED
$13,031
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,591
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
3358 Wardlaw Street Las Vegas, NV 3
- 4 beds 3 baths ∙ 1,883 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,883 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,610
- $0.86
-
8048 Kentshire Las Vegas, NV 1
- 4 beds 3 baths ∙ 1,883 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,883 Sqft ∙ Built 1995
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,600
- $0.85
-
7952 Dinsmore Las Vegas, NV 2
- 4 beds 3 baths ∙ 1,883 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,883 Sqft ∙ Built 1995
LEASED 04/10/20- Rent
- Rent Per SQFT
- $1,600
- $0.85
-
3361 Ceremony Drive Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 1997
LEASED 11/12/20- Rent
- Rent Per SQFT
- $1,700
- $0.83
-
8041 Dinsmore Drive Las Vegas, NV 5
- 3 beds 2 baths ∙ 2,007 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,007 Sqft ∙ Built 1995
LEASED 12/24/20- Rent
- Rent Per SQFT
- $1,700
- $0.85
PROPERTY LISTING DETAILS
1.702.281.5373
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271023
Last Updated: 02/20/2021
