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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $161.97
- 5 Days on Market
- MLS # : 2259527
- Updated Date : 01/07/2021 at 17:19
CONSTRUCTION
- Beds : 4
- Floor Size : 2,593 sqft
- Baths : 1 full , 1 half
Listing Agent
Urban Nest Realty
Listing Agent's Description
NEW HOME, ready now! Stunning 2 story, 4 bed, 2.5 bath w/Large Loft in Summit Peak Community. This most popular "Jefferson" Model is Fully Loaded with Green energy Features, all LED lights, motion faucet, Radiant Roof Barrier, Electric Vehicle Station, Smart Thermostat, Upgraded Ceiling Insulation, Empire Solar panels+ Oversized Sliding Glass Doors off the Great Room, Big Windows to allow natural light to glow throughout, covered Front porch & extended Back patio with 2nd floor Master Balcony! The Gourmet Kitchen includes Stainless Steel appliances, Double Oven, Granite Counter-Island Breakfast Bar. You will Love the Master separate Tub & Shower, Generous Master Closet with custom double-sided mirror door, AND the Laundry room with under cabinet utility sink and countertop. Large backyard waiting for your Artistic Custom Design-It Your way. Solar are leased-transferred to Buyer. It doesn't get any Better than this. LIVE Your Best Life Today, Call now to Buy, Apptment Required. Enjoy!
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: North Las Vegas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Las Vegas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$1,459 |
| Property Tax | -$74 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$10
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$420,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 11.1% |
| Maintenance Year (1-5) | 3.00% |
| 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
$113,300
LOAN DETAILS
$1,459
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
5.75
YEARS SAVED
$27,451
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$1,763
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
-
4127 Enchanting Sky Avenue Las Vegas, NV 4
- 4 beds 2 baths ∙ 2,593 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,593 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,740
- $0.67
-
4132 Recktenwall Avenue #0 North Las Vegas, NV 1
- 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 2007
LEASED 02/05/20- Rent
- Rent Per SQFT
- $1,595
- $0.64
-
5852 Fox Hair Street North Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2018
LEASED 06/25/20- Rent
- Rent Per SQFT
- $1,699
- $0.70
-
4412 Cormorant Avenue #0 North Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,526 Sqft ∙ Built 2006
LEASED 06/17/20- Rent
- Rent Per SQFT
- $1,700
- $0.67
-
6233 Green Heron Street Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 2007
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,800
- $0.71
PROPERTY LISTING DETAILS
1.702.525.7589
Urban Nest Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2259527
Last Updated: 01/07/2021
