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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $171.71
- 4 Days on Market
- MLS # : 2253618
- Updated Date : 12/12/2020 at 12:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,916 sqft
- Baths : 2 full
Listing Agent
Love Local Real Estate
Listing Agent's Description
Welcome to your private cul-de-sac dream community. No through traffic on any street. Single story, 3 bedrooms, huge master with walk-in closet, dual vanity, sep tub & shower, 2 full bathrooms, master separate from other 2 bedrooms, laundry room leads to garage, fresh paint, large kitchen has island with storage and seating, granite countertops, open to living room for staying connected to the action in the home; backyard perfect for gatherings, or even creating your own oasis. Barely lived in; Owner will clean carpets for new buyer as a gift.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Twilight at North Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Twilight at North Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,600 |
EXPENSES | Loan Payment | -$1,214 |
Property Tax | -$258 | |
Property Insurance | -$64 | |
Property Management Fees | -$119 | |
CASH FLOW
-$55
|
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.
$329,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.49%
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
$92,935
LOAN DETAILS
$1,214
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $82,250 |
Loan Amount | $246,750 |
5.08
YEARS SAVED
$20,176
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,485
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.702.721.0183
Love Local Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2253618
Last Updated: 12/12/2020