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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $130.27
- 3 Days on Market
- MLS # : 2271285
- Updated Date : 02/20/2021 at 23:30
CONSTRUCTION
- Beds : 6
- Floor Size : 3,224 sqft
- Baths : 4 full , 1 half
Listing Agent
Deville Realty Group
Listing Agent's Description
3200+ sq ft home in a gated community. This home has 6 bedrooms with 3 master suites, 2 upstairs and 1 downstairs. Downstairs Also have half bath. Huge family room with bar area and fireplace, large kitchen island, 3 car garage, and a pool size yard. Close to shopping, gas and highway. A MUST SEE!
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: Gleneagles
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gleneagles
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,459 |
| Property Tax | -$301 | |
| Property Insurance | -$90 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$118
|
||
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.
$420,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 8.6% |
| 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
$117,050
LOAN DETAILS
$1,459
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
3.92
YEARS SAVED
$14,384
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.57
LIST RENT PER SQFT
-
$1,951
COMP ESTIMATED VALUE -
$0.61
COMP AVG. RENT PER SQFT
Comps Range
-
409 Finch Ridge Avenue North Las Vegas, NV 2
- 6 beds 5 baths ∙ 3,224 Sqft ∙ Built 2002 6 beds 5 baths ∙ 3,224 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,850
- $0.57
-
2657 Star Manor Street North Las Vegas, NV 1
- 5 beds 3 baths ∙ 2,906 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,906 Sqft ∙ Built 2007
LEASED 12/09/19- Rent
- Rent Per SQFT
- $1,695
- $0.58
-
723 Glenwood Springs Avenue North Las Vegas, NV 3
- 6 beds 4 baths ∙ 3,223 Sqft ∙ Built 1999 6 beds 4 baths ∙ 3,223 Sqft ∙ Built 1999
LEASED 11/06/19- Rent
- Rent Per SQFT
- $1,900
- $0.59
-
3910 Eagle Rose Street #0 North Las Vegas, NV 4
- 5 beds 5 baths ∙ 3,224 Sqft ∙ Built 2003 5 beds 5 baths ∙ 3,224 Sqft ∙ Built 2003
LEASED 04/16/20- Rent
- Rent Per SQFT
- $1,950
- $0.60
-
3836 Goldfield Street #0 North Las Vegas, NV 5
- 5 beds 3 baths ∙ 3,079 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,079 Sqft ∙ Built 2006
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,995
- $0.65
PROPERTY LISTING DETAILS
1.702.493.8817
Deville Realty Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271285
Last Updated: 02/20/2021
