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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $187.99
- 13 Days on Market
- MLS # : 2248347
- Updated Date : 11/19/2020 at 18:06
CONSTRUCTION
- Beds : 4
- Floor Size : 2,548 sqft
- Baths : 1 full , 1 half
Listing Agent
Compass Realty & Management, L
Listing Agent's Description
back on the market- the lowest price in Southfork for a single story of this size and quality!!$29000 in upgrades! floors are Brazilian cherry hardwood and travertine tile in kitchen and bathrooms. Kitchen cabinets all have EASY PULL OUT SHELVES and granite counter tops. LARGE WALK-IN PANTRY.Custom designed office/study/den with 2 sided fireplace to family room. 2end bedroom is a master bedroom with its own door outside to the street. ( Great for guests and older family members) Tremendous amount of shelving in garage and overhead bike racks. French doors to a LARGE COVERED PATIO from family room. Water efficient desert landscaping in both front and back yards.. Possibly the best shopping street in the valley just 1 block away to the west on Eastern . Cactus Wren park is just 2 blocks to the east by walking trail. Possibly the best jr. high and high schools district in Nevada.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Southfork
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southfork
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,060 |
| EXPENSES | Loan Payment | -$1,767 |
| Property Tax | -$297 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$200
|
||
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.
$479,000
PROJECTED PRICE
$2,060
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| 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
$132,685
LOAN DETAILS
$1,767
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $119,750 |
| Loan Amount | $359,250 |
3.92
YEARS SAVED
$20,543
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,060
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,223
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
426 Coral Sea Street Henderson, NV 3
- 4 beds 2 baths ∙ 2,548 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,548 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $2,060
- $0.81
-
2553 Pyramid Pines Drive Henderson, NV 1
- 3 beds 2 baths ∙ 2,410 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,410 Sqft ∙ Built 1999
![property image]()
LEASED 08/14/19- Rent
- Rent Per SQFT
- $2,050
- $0.85
-
9791 Silver Dew Street Las Vegas, NV 2
- 4 beds 2 baths ∙ 2,259 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,259 Sqft ∙ Built 1998
![property image]()
LEASED 08/26/19- Rent
- Rent Per SQFT
- $2,050
- $0.91
-
9361 Lugo Street Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,570 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,570 Sqft ∙ Built 1996
![property image]()
LEASED 11/05/20- Rent
- Rent Per SQFT
- $2,135
- $0.83
-
2142 Gypsy Bell Avenue Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 1997
![property image]()
LEASED 07/16/20- Rent
- Rent Per SQFT
- $2,400
- $0.90
PROPERTY LISTING DETAILS
1.702.994.4849
Compass Realty & Management, L
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2248347
Last Updated: 11/19/2020
