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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $251.99
- 2 Days on Market
- MLS # : 2270704
- Updated Date : 02/20/2021 at 22:39
CONSTRUCTION
- Beds : 2
- Floor Size : 1,129 sqft
- Baths : 2 full
Listing Agent
Swg Realty Group
Listing Agent's Description
Beautifully renovated single story in the northwest!. Vaulted ceilings ceilings throughout pouring in natural light. Modern White shaker cabinets with matte black pulls. White Calacatta countertops for kitchen cabinets throughout. Stainless steel appliances. Freshly painted. Shower/Tub combo in Master Bath. Easy maintenance Desert landscaping in front with calming backyard oasis! Grass shaded by beautiful tree, covered patio with dog run area.. New carpet and padding. 5" baseboards throughout. New light fixtures, faucets, door handles, shelves. No HOA! Solar Panels are owned, making payments through 2037.
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: San Mateo Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: San Mateo Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,190 |
| EXPENSES | Loan Payment | -$988 |
| Property Tax | -$161 | |
| Property Insurance | -$49 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$128
|
||
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.
$284,500
PROJECTED PRICE
$1,190
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 11.3% |
| 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
$81,143
LOAN DETAILS
$988
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,125 |
| Loan Amount | $213,375 |
3.33
YEARS SAVED
$7,627
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,190
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$978
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
4310 Valley Regents Drive Las Vegas, NV 3
- 2 beds 2 baths ∙ 1,129 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,129 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,190
- $1.05
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3717 Snorkel #4 Las Vegas, NV 1
- 2 beds 1 baths ∙ 912 Sqft ∙ Built 1984 2 beds 1 baths ∙ 912 Sqft ∙ Built 1984
LEASED 08/25/20- Rent
- Rent Per SQFT
- $798
- $0.88
-
3917 Lazy Pine Street #204 Las Vegas, NV 2
- 2 beds 2 baths ∙ 1,369 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,369 Sqft ∙ Built 1999
LEASED 08/25/20- Rent
- Rent Per SQFT
- $1,150
- $0.84
-
6156 Pine Villa Avenue #104 Las Vegas, NV 4
- 2 beds 2 baths ∙ 1,369 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,369 Sqft ∙ Built 2000
LEASED 11/17/20- Rent
- Rent Per SQFT
- $1,200
- $0.88
PROPERTY LISTING DETAILS
1.702.583.7887
Swg Realty Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2270704
Last Updated: 02/20/2021
