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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $180.80
- 2 Days on Market
- MLS # : 2271759
- Updated Date : 02/21/2021 at 03:33
CONSTRUCTION
- Beds : 3
- Floor Size : 1,521 sqft
- Baths : 3 full
Listing Agent
Ultimate Realty, Llc
Listing Agent's Description
IMMACULATE 3 BEDROOM HOME WITH 3-FULL BATHROOMS*HOME HAS A LARGE DRIVEWAY AND AN ATTACHED 2-CAR GARAGE*THE LARGE BACKYARD AND FRONT YARD INCLUDES LOW MAINTENANCE DESERT LANDSCAPING*THE MASTER BEDROOM IS DOWNSTAIRS WITH A WALK-IN CLOSET AND FRENCH DOORS THAT LEAD OUT TO THE STUCCO COVERED PATIO*THE BEDROOM UPSTAIRS COULD BE AN ADDITIONAL MASTER BEDROOM WITH A FULL BATHROOM, WALK-IN CLOSET, AND A BALCONY*THE COMMUNITY PARK IS APPROXIMATELY ONE BLOCK AWAY THAT INCLUDES A PLAYGROUND, PUTTING GREEN, AND A BBQ PICNIC AREA*NEW INTERIOR CARPET THROUGHOUT AND EXTENSIVE WOOD LAMINATE FLOORING EXISTS*A WASHER, DRYER, AND REFRIGERATOR ARE INCLUDED FOR BUYER(S)*MANY CEILING FANS EXIST THROUGHOUT 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: Terracina
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Terracina
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,360 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$207 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$22
|
||
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
$1,360
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 11.2% |
| 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
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
5.58
YEARS SAVED
$17,082
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,360
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,365
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
3605 Carisbrook Drive North Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,360
- $0.89
-
3564 Terraza Mar North Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 2004
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,350
- $0.91
-
3516 Carisbrook Drive North Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,487 Sqft ∙ Built 2005
LEASED 09/22/20- Rent
- Rent Per SQFT
- $1,350
- $0.91
-
3533 Terraza Mar Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,521 Sqft ∙ Built 2004
LEASED 05/05/20- Rent
- Rent Per SQFT
- $1,375
- $0.90
-
3556 Carisbrook Drive Las Vegas, NV 5
- 4 beds 3 baths ∙ 1,647 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,647 Sqft ∙ Built 2005
LEASED 02/26/20- Rent
- Rent Per SQFT
- $1,425
- $0.87
PROPERTY LISTING DETAILS
1.702.290.7027
Ultimate Realty, Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271759
Last Updated: 02/21/2021
