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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $219.37
- 2 Days on Market
- MLS # : 2256863
- Updated Date : 12/19/2020 at 20:32
CONSTRUCTION
- Beds : 3
- Floor Size : 1,208 sqft
- Baths : 1 full
Listing Agent
Home Quest Inc
Listing Agent's Description
This super cute single story home sits on a nice corner lot and features 3 bedrooms, 2 baths, 2 car garage, ceiling fans in the living room and bedrooms, tile flooring in the main living area, low maintenance desert landscaping, patio, double sinks in the master bath, pantry, recessed lighting and granite counters in the kitchen, and more. Community playground and park!
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: Pecos Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pecos Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,290 |
| EXPENSES | Loan Payment | -$978 |
| Property Tax | -$201 | |
| Property Insurance | -$51 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$58
|
||
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.
$265,000
PROJECTED PRICE
$1,290
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 12.3% |
| 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
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
4.5
YEARS SAVED
$13,315
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,290
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,090
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
3741 Pecos Park Avenue North Las Vegas, NV 3
- 3 beds 1 baths ∙ 1,208 Sqft ∙ Built 2007 3 beds 1 baths ∙ 1,208 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $1,290
- $1.07
-
6329 Desert Leaf Street #102 North Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,367 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,367 Sqft ∙ Built 2005
![property image]()
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,250
- $0.91
-
6317 Blowing Sky Street #102 North Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,367 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,367 Sqft ∙ Built 2005
![property image]()
LEASED 02/07/20- Rent
- Rent Per SQFT
- $1,250
- $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
![property image]()
LEASED 05/05/20- Rent
- Rent Per SQFT
- $1,375
- $0.90
-
5548 Stelle Amore North Las Vegas, NV 5
- 3 beds 3 baths ∙ 1,539 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,539 Sqft ∙ Built 2006
![property image]()
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,375
- $0.89
PROPERTY LISTING DETAILS
1.702.281.5042
Home Quest Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256863
Last Updated: 12/19/2020
