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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $247.30
- 4 Days on Market
- MLS # : 2265008
- Updated Date : 01/30/2021 at 10:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,628 sqft
- Baths : 3 full , 1 half
Listing Agent
The Tom Love Group Llc
Listing Agent's Description
Almost new single story minutes from Raiders stadium and and under 4 miles to Raiders headquarters practice facility. Highly upgraded with crown molding throughout, tile floors, & plush carpeting. Home features an interior courtyard with large stacking doors. Spacious and open concept floor plan w/10 ft ceilings and custom built-ins throughout. Designer tile accents throughout including the fireplace and powder room. Spacious 4th bedroom with en-suite bath and large walk-in closet. Chefs kitchen with plenty of custom cabinets, granite counters, and a large island perfect for entertaining. Relaxing master suite with exterior door to covered patio, dual walk-in closet, and spa-like master bath. Great location close to shopping, restaurants, highway access.
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: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,220 |
| EXPENSES | Loan Payment | -$2,257 |
| Property Tax | -$498 | |
| Property Insurance | -$78 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$267
|
||
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.
$649,900
PROJECTED PRICE
$3,220
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| 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
$177,974
LOAN DETAILS
$2,257
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $162,475 |
| Loan Amount | $487,425 |
8
YEARS SAVED
$68,354
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,220
LIST RENT -
$1.23
LIST RENT PER SQFT
-
$2,595
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
3899 Montone Avenue Las Vegas, NV 5
- 4 beds 4 baths ∙ 2,628 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,628 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $3,220
- $1.23
-
12239 Pro Tour Court Las Vegas, NV 1
- 3 beds 3 baths ∙ 2,482 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,482 Sqft ∙ Built 2018
LEASED 09/18/19- Rent
- Rent Per SQFT
- $2,400
- $0.97
-
12497 Mosticone Way Las Vegas, NV 2
- 4 beds 4 baths ∙ 2,511 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,511 Sqft ∙ Built 2018
LEASED 12/31/20- Rent
- Rent Per SQFT
- $2,500
- $1.00
-
12402 Mosticone Way Las Vegas, NV 3
- 4 beds 4 baths ∙ 2,638 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,638 Sqft ∙ Built 2016
LEASED 12/15/20- Rent
- Rent Per SQFT
- $2,500
- $0.95
-
12805 Alcores Las Vegas, NV 4
- 4 beds 4 baths ∙ 2,517 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,517 Sqft ∙ Built 2018
LEASED 06/15/20- Rent
- Rent Per SQFT
- $2,600
- $1.03
PROPERTY LISTING DETAILS
1.702.838.5100
The Tom Love Group Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2265008
Last Updated: 01/30/2021
