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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $205.34
- 6 Days on Market
- MLS # : 2257495
- Updated Date : 12/31/2020 at 20:21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,461 sqft
- Baths : 2 full
Listing Agent
Platinum R.e. Professionals
Listing Agent's Description
WHOA NELLY ONE STORY ON HUGE LOT IN FHA RANGE THESES HOMES ARE DISAPPEARING! A CALIFORNIA EXODUS FAVORITE! Nice entry way leads to open floor plan with chef like kitchen that overlooks the entertainment room. Take a stroll out back and create your own mini oasis with covered patio and little pond ready to go with covered patio. Huge master can be turned into your own mini penthouse with relaxing master bathroom. Large secondary bedroom. 1 STORY 300K! THIS IS KRAY KRAY. DONT DELAY CLICK TODAY
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: Valley West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Valley West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$161 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$47
|
||
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.
$300,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 9.3% |
| 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
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
6.5
YEARS SAVED
$26,282
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,494
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
3936 Platis Circle Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $1,490
- $1.02
-
4053 Delos Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,631 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,631 Sqft ∙ Built 1989
![property image]()
LEASED 07/23/20- Rent
- Rent Per SQFT
- $1,400
- $0.86
-
5789 Charles Holden Court Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1985
![property image]()
LEASED 09/28/20- Rent
- Rent Per SQFT
- $1,450
- $1.10
-
5817 Sinaloa Court #0 Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1979
![property image]()
LEASED 02/05/20- Rent
- Rent Per SQFT
- $1,550
- $1.03
-
5274 Supai Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1978
![property image]()
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,799
- $1.10
PROPERTY LISTING DETAILS
1.702.617.4637
Platinum R.e. Professionals
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2257495
Last Updated: 12/31/2020
