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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $201.39
- 3 Days on Market
- MLS # : 2250941
- Updated Date : 11/28/2020 at 13:22
CONSTRUCTION
- Beds : 3
- Floor Size : 1,440 sqft
- Baths : 2 full
Listing Agent
Nexthome Community Real Estate
Listing Agent's Description
This 1 story home has a well kept front yard with a nice backyard to match. The home features an open living space with a fireplace, vaulted ceiling leading into the kitchen. The kitchen has plenty of cabinets and counter space with a nice dining nook. There are three bedrooms each with a ceiling fan. The backyard has a sparkling pool, green grass area and covered patio.
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: Casa Linda
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Casa Linda
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$208 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$72
|
||
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.
$290,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 11.0% |
| 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
$82,600
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
4.42
YEARS SAVED
$13,947
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,231
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
3916 Wabash Lane North Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,380
- $0.96
-
3917 Gaston Lane North Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1994
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,195
- $0.83
-
3217 Colton Avenue North Las Vegas, NV 2
- 4 beds 3 baths ∙ 1,560 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,560 Sqft ∙ Built 2000
LEASED 01/12/20- Rent
- Rent Per SQFT
- $1,315
- $0.84
-
2104 Riderwood Avenue North Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1994
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,350
- $0.89
-
3897 Ankara Walk Drive North Las Vegas, NV 5
- 4 beds 2 baths ∙ 1,630 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,630 Sqft ∙ Built 2012
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,400
- $0.86
PROPERTY LISTING DETAILS
1.702.250.1090
Nexthome Community Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2250941
Last Updated: 11/28/2020
