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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $188.54
- 3 Days on Market
- MLS # : 2271524
- Updated Date : 02/20/2021 at 22:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,326 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group, Inc
Listing Agent's Description
**TENANT-OCCUPIED. INVESTOR BUYERS ONLY.** This property features a living room with a fireplace, a country-style kitchen, and a living room with a fireplace. Very cozy home. Great investment property with a low maintenance backyard.
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: Lone Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lone Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,250 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$132 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$78
|
||
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.
$250,000
PROJECTED PRICE
$1,250
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.3% |
| 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
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
7.58
YEARS SAVED
$23,754
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,250
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,256
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
4137 Hazelridge Drive Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,326 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,326 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $1,250
- $0.94
-
6729 Sheffield Drive Las Vegas, NV 1
- 3 beds 1 baths ∙ 1,276 Sqft ∙ Built 1983 3 beds 1 baths ∙ 1,276 Sqft ∙ Built 1983
LEASED 10/29/20- Rent
- Rent Per SQFT
- $1,200
- $0.94
-
7325 Halsey Court #n/a Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,292 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,292 Sqft ∙ Built 2005
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,225
- $0.95
-
6808 Old Castle Drive Las Vegas, NV 4
- 4 beds 2 baths ∙ 1,472 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,472 Sqft ∙ Built 1980
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,400
- $0.95
-
7232 High Cascade Avenue #none Las Vegas, NV 5
- 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 2005
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,400
- $0.95
PROPERTY LISTING DETAILS
1.702.245.6758
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271524
Last Updated: 02/20/2021
