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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $147.74
- 3 Days on Market
- MLS # : 2273425
- Updated Date : 02/27/2021 at 16:30
CONSTRUCTION
- Beds : 4
- Floor Size : 3,215 sqft
- Baths : 3 full
Listing Agent
Advanced Realty Group
Listing Agent's Description
BEAUTIFULLY MAINTAINED HOME in cul de sac , no HOA. High efficiency HVAC units, Nest door bell and thermostats, 3 car garage, Enter into Separate Formal Living & Dining, Beautifully-Equipped Kitchen ,stainless steal appliances, Plenty of Cabinets, double ovens , 5 burner cooktop, Overlooks the Suken Great Room w/ stone fire place, high vaulted ceilings, French doors leading to the back yard, off the great room is the den/ office and laundryroom ,and full bath. Upstairs, stain resistance carpet, 3 large bedrooms, full bath, Master suite with walk in closet 2 way fireplace and newly renovated master bath w/ vintage style soaking tub. This is a must see!!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Lone Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lone Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,370 |
| EXPENSES | Loan Payment | -$1,650 |
| Property Tax | -$322 | |
| Property Insurance | -$89 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$190
|
||
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.
$475,000
PROJECTED PRICE
$2,370
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.3% |
| 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
$131,625
LOAN DETAILS
$1,650
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
7.75
YEARS SAVED
$48,300
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,370
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$2,363
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
3705 Treasure Bluff Court Las Vegas, NV 4
- 4 beds 3 baths ∙ 3,215 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,215 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $2,370
- $0.74
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3696 Ferndale Cove Drive Las Vegas, NV 1
- 4 beds 2 baths ∙ 3,387 Sqft ∙ Built 1995 4 beds 2 baths ∙ 3,387 Sqft ∙ Built 1995
LEASED 03/27/20- Rent
- Rent Per SQFT
- $2,295
- $0.68
-
8951 Fort Crestwood Las Vegas, NV 2
- 5 beds 3 baths ∙ 3,215 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,215 Sqft ∙ Built 1994
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,300
- $0.72
-
8302 Bowman Woods Circle Las Vegas, NV 3
- 3 beds 4 baths ∙ 3,112 Sqft ∙ Built 2007 3 beds 4 baths ∙ 3,112 Sqft ∙ Built 2007
LEASED 11/02/20- Rent
- Rent Per SQFT
- $2,300
- $0.74
-
3657 Carol Lark Court Las Vegas, NV 5
- 4 beds 2 baths ∙ 3,387 Sqft ∙ Built 1995 4 beds 2 baths ∙ 3,387 Sqft ∙ Built 1995
LEASED 01/23/20- Rent
- Rent Per SQFT
- $2,700
- $0.80
PROPERTY LISTING DETAILS
1.702.274.0900
Advanced Realty Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2273425
Last Updated: 02/27/2021
