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4326 Flagship Court 
Las Vegas, NV
89121
3 Beds 2 Baths 2,394 sqft
Built 1995
INVESTimate
$365,000
List Price
$102,475
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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $152.46
- 2 Days on Market
- MLS # : 2222231
- Updated Date : 08/25/2020 at 09:45
CONSTRUCTION
- Beds : 3
- Floor Size : 2,394 sqft
- Baths : 1 full , 1 half
Listing Agent
Realty One Group, Inc
Listing Agent's Description
FORMER MODEL! BEAUTIFULLY MAINTAINED HOME WITH PRIDE OF OWNERSHIP. GORGEOUS GATED COURTYARD ENTRY LEADS INTO HOME WITH A DOUBLE DOORS. UPON ENTRY IS THE FORMAL LIVING ROOM WITH VAULTED CEILING AND ELEGANT SPIRAL STAIRCASE LEADING UP TO 2 BEDROOMS PLUS SPACIOUS LOFT/BONUS ROOM. THE MASTER BEDROOM SUITE IS DOWNSTAIRS WITH FRENCH DOORS LEADING OUT TO A WELL MANICURED BACKYARD INCLUDING A SPARKLING POOL, AND COVERED PATIO. THE MASTER BATH FEATURES A JETTED ROMAN TUB PLUS SEPARATE SHOWER. DOWNSTAIRS IS A LARGE FAMILY ROOM ALSO WITH FRENCH DOORS LEADING OUT TO THE BACKYARD. NEWER TILE FLOORING THROUGHOUT THE GROUND FLOOR, NEWER QUARTZ COUNTER TOPS IN KITCHEN FOR A MODERN LOOK. THERE'S ALSO FORMAL DINING ROOM OFF THE KITCHEN SUITED FOR ENTERTAINMENT. TURN KEY HOME AND MOVE IN READY. ALL APPLIANCES INCLUDED. GREAT LOCATION CLOSE TO AIRPORT, UNLV, THE STRIP, FREEWAYS, RESTAURANTS, ETC. NO HOA!!
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,347 |
| Property Tax | -$236 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$75
|
||
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.
$365,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.37% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$102,475
LOAN DETAILS
$1,347
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
4.92
YEARS SAVED
$21,589
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,736
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
4326 Flagship Court Las Vegas, NV 3
- 3 beds 2 baths ∙ 2,394 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,394 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,700
- $0.71
-
3918 Amadeus Court Las Vegas, NV 1
- 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 1990
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,495
- $0.66
-
4332 Flagship Court Las Vegas, NV 2
- 3 beds 2 baths ∙ 2,256 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,256 Sqft ∙ Built 1995
LEASED 07/15/19- Rent
- Rent Per SQFT
- $1,525
- $0.68
-
4461 Paseo El Rio Drive Las Vegas, NV 4
- 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,372 Sqft ∙ Built 1978
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,800
- $0.76
-
1888 Roxford Drive Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,498 Sqft ∙ Built 1979
LEASED 10/17/19- Rent
- Rent Per SQFT
- $1,995
- $0.80
PROPERTY LISTING DETAILS
1.702.845.3788
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2222231
Last Updated: 08/25/2020
