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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $146.91
- 3 Days on Market
- MLS # : 2271367
- Updated Date : 02/20/2021 at 15:56
CONSTRUCTION
- Beds : 4
- Floor Size : 3,029 sqft
- Baths : 2 full , 1 half
Listing Agent
Simply Vegas
Listing Agent's Description
Come home to this stunning NextGen home just built in 2019! This like new beauty features over 3,000 sq. ft. with 4 bedrooms, 4 bathrooms, a loft, and 3 car garage. Enter in to the bright and airy formal dining room, open to the family room and kitchen. The kitchen is an entertainer's delight. It offers a large island with breakfast bar, pantry, ample counter space, and a built in desk area. The primary bedroom is located upstairs with balcony access and walk in closet. Primary bathroom includes dual sinks and separate tub/shower. Spacious loft area. The next gen suite downstairs features it's own living room, bedroom, 3/4 bathroom, kitchenette, and stackable washer/dryer. It has a private entrance and patio area and also offers entry to the main home. Enjoy the weather with the private backyard offering a covered patio and synthetic grass. Save on energy all year long with the solar panels leased through SunStreet. Don't miss out on your opportunity to call this place home.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: International Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: International Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,546 |
| Property Tax | -$386 | |
| Property Insurance | -$86 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$236
|
||
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.
$445,000
PROJECTED PRICE
$1,900
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 10.5% |
| 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
$123,675
LOAN DETAILS
$1,546
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $111,250 |
| Loan Amount | $333,750 |
2.5
YEARS SAVED
$8,121
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.63
LIST RENT PER SQFT
-
$1,954
COMP ESTIMATED VALUE -
$0.65
COMP AVG. RENT PER SQFT
Comps Range
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- Rent Per SQFT
- $1,900
- $0.63
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2512 Jubilance Point Court #n/a North Las Vegas, NV 1
- 5 beds 4 baths ∙ 2,697 Sqft ∙ Built 2008 5 beds 4 baths ∙ 2,697 Sqft ∙ Built 2008
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,775
- $0.66
-
4133 Karma Drive North Las Vegas, NV 2
- 4 beds 2 baths ∙ 3,072 Sqft ∙ Built 2005 4 beds 2 baths ∙ 3,072 Sqft ∙ Built 2005
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,850
- $0.60
-
3717 Kronos Place North Las Vegas, NV 3
- 5 beds 3 baths ∙ 2,859 Sqft ∙ Built 2010 5 beds 3 baths ∙ 2,859 Sqft ∙ Built 2010
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,900
- $0.66
-
2413 Festive Court #na North Las Vegas, NV 5
- 4 beds 4 baths ∙ 3,163 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,163 Sqft ∙ Built 2008
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,095
- $0.66
PROPERTY LISTING DETAILS
1.702.767.7470
Simply Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271367
Last Updated: 02/20/2021
