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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $186.92
- 3 Days on Market
- MLS # : 2255545
- Updated Date : 12/18/2020 at 17:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,712 sqft
- Baths : 2 full
Listing Agent
Blue Diamond Realty Llc
Listing Agent's Description
Beautiful 3 Bedroom 2 bath single story on a large corner lot. Courtyard entrance. Newly remodeled chefs kitchen boast granite counter tops, breakfast bar, stainless steel appliances, cook top, double oven and plentiful cabinets. Separate family room with fireplace. Low maintenance front yard. Huge backyard with a covered patio and sparkling pool perfect for entertaining. Side RV/Boat parking perfect for all your toys.
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: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$130 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$70
|
||
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.
$320,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| 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
$90,550
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
5.17
YEARS SAVED
$19,704
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,425
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
4046 Cherokee Avenue Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $1,420
- $0.83
-
4032 Avonwood Las Vegas, NV 1
- 3 beds 1 baths ∙ 1,712 Sqft ∙ Built 1973 3 beds 1 baths ∙ 1,712 Sqft ∙ Built 1973
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,380
- $0.81
-
3988 Salisbury Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1979
LEASED 05/30/20- Rent
- Rent Per SQFT
- $1,400
- $0.85
-
3941 Shadow Wood Las Vegas, NV 4
- 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1973
LEASED 05/27/20- Rent
- Rent Per SQFT
- $1,450
- $0.79
-
4499 Casa Sencia Street Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1973
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,495
- $0.88
PROPERTY LISTING DETAILS
1.702.419.9184
Blue Diamond Realty Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2255545
Last Updated: 12/18/2020
