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4025 Antique Sterling Court 
Las Vegas, NV
89129
5 Beds 4 Baths 4,946 sqft
Built 2000
INVESTimate
$660,000
List Price
$180,650
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PROPERTY INFO
FACTS
- Built In 2000
- Price/Sqft : $133.44
- 3 Days on Market
- MLS # : 2222726
- Updated Date : 08/25/2020 at 16:21
CONSTRUCTION
- Beds : 5
- Floor Size : 4,946 sqft
- Baths : 3 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Outstanding Home Located in a Northwest Gated Neighborhood. Mountain Views! Great floor plan with a basement which has a big closet for plenty of storage. Vaulted ceilings as you enter through the front door. Formal living room with fireplace and etched glass windows. Large dining room with crystal chandelier. Custom beveled mirror walls and accents in entry and in family room. Light and bright throughout with neutral colors. Kitchen with a large island, breakfast nook and plenty of storage. Family room has a fireplace and walk in wet bar. 2 sets of sliding doors lead to large covered patio. Bedroom and full bath downstairs plus a powder room. Upstairs there is a large bonus room and a total of 4 bedrooms. Very large master suite with 2 separate walk in closets. Low maintenance landscaping. A/C units and HVAC recently replaced. Solar Panels are owned. Ready for move- in!
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: Grand Estates Street
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Grand Estates Street
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,020 |
| EXPENSES | Loan Payment | -$2,435 |
| Property Tax | -$500 | |
| Property Insurance | -$123 | |
| HOA | -$100 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$257
|
||
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.
$660,000
PROJECTED PRICE
$3,020
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.32% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$180,650
LOAN DETAILS
$2,435
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $165,000 |
| Loan Amount | $495,000 |
3.67
YEARS SAVED
$27,086
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,020
LIST RENT -
$0.61
LIST RENT PER SQFT
-
$3,215
COMP ESTIMATED VALUE -
$0.65
COMP AVG. RENT PER SQFT
Comps Range
-
4025 Antique Sterling Court Las Vegas, NV 2
- 5 beds 4 baths ∙ 4,946 Sqft ∙ Built 2000 5 beds 4 baths ∙ 4,946 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $3,020
- $0.61
-
8724 Gilmore Avenue Las Vegas, NV 1
- 6 beds 3 baths ∙ 4,643 Sqft ∙ Built 1999 6 beds 3 baths ∙ 4,643 Sqft ∙ Built 1999
LEASED 04/09/20- Rent
- Rent Per SQFT
- $2,995
- $0.65
PROPERTY LISTING DETAILS
1.702.376.3142
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2222726
Last Updated: 08/25/2020
