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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $187.16
- 3 Days on Market
- MLS # : 2271419
- Updated Date : 02/20/2021 at 02:26
CONSTRUCTION
- Beds : 4
- Floor Size : 1,496 sqft
- Baths : 2 full
Listing Agent
Ameropan Realty And Property
Listing Agent's Description
The house is a beautiful Single Story that has been completely renovated. The kitchen has stainless steel appliances, New White Shaker Cabinets & black fixtures with a modern design. The whole house has 5-inch Baseboards, has been Freshly Painted, and has Great Italian tile Flooring. Our Bathrooms have new custom tile showers and The garage door is brand new. The backyard is huge and has a new wood fence. Schedule a showing today, this one won’t last long!
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: Sunrise Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunrise Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,240 |
| EXPENSES | Loan Payment | -$973 |
| Property Tax | -$90 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$2
|
||
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.
$279,995
PROJECTED PRICE
$1,240
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 12.8% |
| 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
$79,949
LOAN DETAILS
$973
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $69,999 |
| Loan Amount | $209,996 |
5.58
YEARS SAVED
$17,369
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,240
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,320
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
4297 Vegas Valley Drive Las Vegas, NV 2
- 4 beds 2 baths ∙ 1,496 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,496 Sqft ∙ Built 1963
![property image]()
- Rent
- Rent Per SQFT
- $1,240
- $0.83
-
137 Greenbriar Townhouse Way #0 Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,320 Sqft ∙ Built 1969 3 beds 3 baths ∙ 1,320 Sqft ∙ Built 1969
![property image]()
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,100
- $0.83
-
3169 Westfield Circle Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1964
![property image]()
LEASED 03/26/20- Rent
- Rent Per SQFT
- $1,300
- $0.94
-
4525 Chicago Avenue Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1979
![property image]()
LEASED 02/27/20- Rent
- Rent Per SQFT
- $1,395
- $0.89
-
4004 Espanita Avenue Las Vegas, NV 5
- 5 beds 2 baths ∙ 1,732 Sqft ∙ Built 1972 5 beds 2 baths ∙ 1,732 Sqft ∙ Built 1972
![property image]()
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,500
- $0.87
PROPERTY LISTING DETAILS
1.702.576.4877
Ameropan Realty And Property
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271419
Last Updated: 02/20/2021
