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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $205.27
- 2 Days on Market
- MLS # : 2270998
- Updated Date : 02/20/2021 at 17:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,509 sqft
- Baths : 2 full
Listing Agent
Swg Realty Group
Listing Agent's Description
Newly renovated 3 bed, Garage Converted into a room single-story house. Brand New White shaker cabinets with self-closing hinges and silver modern pulls. New Stainless steel appliances. Granite countertops. Freshly painted inside. Shower/Tub combo in Master Bath. Covered Patio and Shed in Backyard. New carpet and padding. 5" Modern baseboards throughout. New light fixtures, faucets, door handles, shelves. Minutes from the Strip.
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
Zip Code: 89102
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 89102
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$1,076 |
| Property Tax | -$109 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$139
|
||
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.
$309,750
PROJECTED PRICE
$1,500
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 13.4% |
| 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
$87,834
LOAN DETAILS
$1,076
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,438 |
| Loan Amount | $232,313 |
7.83
YEARS SAVED
$31,683
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,660
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
3813 El Conlon Avenue Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 1963
- Rent
- Rent Per SQFT
- $1,500
- $0.99
-
3108 Piedmont Avenue Las Vegas, NV 1
- 4 beds 2 baths ∙ 1,312 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,312 Sqft ∙ Built 1963
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,350
- $1.03
-
2612 Las Verdes Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,325 Sqft ∙ Built 1963 3 beds 3 baths ∙ 1,325 Sqft ∙ Built 1963
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,450
- $1.09
-
2613 Las Verdes Street Las Vegas, NV 4
- 4 beds 2 baths ∙ 1,326 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,326 Sqft ∙ Built 1963
LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,550
- $1.17
-
4300 Via Olivero Avenue Las Vegas, NV 5
- 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1960 3 beds 3 baths ∙ 1,440 Sqft ∙ Built 1960
LEASED 01/25/21- Rent
- Rent Per SQFT
- $1,600
- $1.11
PROPERTY LISTING DETAILS
1.702.583.7887
Swg Realty Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2270998
Last Updated: 02/20/2021
