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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $206.32
- 3 Days on Market
- MLS # : 2265604
- Updated Date : 02/07/2021 at 01:45
CONSTRUCTION
- Beds : 3
- Floor Size : 1,599 sqft
- Baths : 1 full
Listing Agent
Century 21 Americana
Listing Agent's Description
Wow Wow Wow!!!!This well maintained home has so much to offer*Tile flooring thru-out,s/s appliances(Bosch DW, Whirlpool 3-door fridge) open kitchen /island-cabs & tile are in great shape,family room w/fireplace,double patio doors lead out back & large LR/DR combo*Ceiling fans in all rooms*Maytag(BravosXL)washer & gas dryer included,laundry area has cabs & 220 if needed*Covered patio,stucco'd exterior walls along with a Tuff Shed (8x8) with shelving and a beautiful garden area w/more than a dozen fruit trees(front and rear yard-list of fruit trees available)*This Falcon home also has a radiant roof barrier, A/C condenser is newer (2013) and the water heater(strapped) was changed in 2019*Garage is finished, garage door is insulated, side access door, cabinets and attic access for additional storage*Good size master bedroom, vaulted ceiling, walk-in closet with additional shelves, double sinks and oversize shower*seller to leave 4 exterior cameras and in house monitor*
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (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 | $1,510 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$172 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$15
|
||
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.
$329,900
PROJECTED PRICE
$1,510
PROJECTED RENT
0.46%
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
$93,174
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,475 |
| Loan Amount | $247,425 |
6.17
YEARS SAVED
$23,256
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,575
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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3731 Yellow Jasmine Drive Las Vegas, NV 3
- 3 beds 1 baths ∙ 1,599 Sqft ∙ Built 1993 3 beds 1 baths ∙ 1,599 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,510
- $0.94
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3839 Almondview Street Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,449 Sqft ∙ Built 1995
LEASED 07/24/20- Rent
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- $1,450
- $1.00
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3954 Mountain Birch Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1991
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,499
- $0.95
-
3811 Birchview Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1995
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,550
- $0.95
-
3838 Willowview Court Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 1996
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,695
- $1.04
PROPERTY LISTING DETAILS
1.702.523.2351
Century 21 Americana
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2265604
Last Updated: 02/07/2021
