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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $255.16
- 3 Days on Market
- MLS # : 2269765
- Updated Date : 02/20/2021 at 15:57
CONSTRUCTION
- Beds : 4
- Floor Size : 4,115 sqft
- Baths : 3 full , 1 half
Listing Agent
Key Realty
Listing Agent's Description
ABSOLUTELY STUNNING HOME IN ONE OF THE VALLEYS BEST AREAS JUST BELOW LONE MOUNTAIN THIS OPEN AND INVITING CUSTOM HOME HAS A LARGE GOURMET KITCHEN, STAINLESS GE MONOGRAM APPLIANCES, 6 BURNER COOKTOP, LARGE GRANITE SLAB ISLAND, WITH DINE-IN AREA. THIS HOME ALSO BOASTS 4 LARGE ENSUITE BEDROOMS, MASTER HAS TWO SIDED FIREPLACE, PATIO ACCESS, SPECTACULAR ROCKWALL BY TUB W/ SHOWER ACCESS ON BOTH SIDES LARGE CUSTOM WALK-IN CLOSET. FORMAL DINING AREA WITH FIREPLACE, CURRENTLY BEING USED AS A GAME ROOM. THE GREAT ROOM HAS A BEAUTIFUL STONE FIREPLACE AND A SPECTACULAR BIFOLD PATIO DOOR THAT OPENS TO A PHENOMENAL BACKYARD OASIS WITH A LARGE COVERED PATIO, BUILT-IN HEATERS, LARGE CUSTOM BUILT-IN BBQ/KITCHEN, FULL-SIZE FIREPLACE WITH SEATING AREA, SPARKLING POOL/SPA WITH WATERFALL WALL. LARGE NATURAL GRASS AREAS IN FRONT AND BACK. THIS HOME IS AN ENTERTAINER'S DREAM. BEAUTIFULLY MAINTAINED HOME THAT HAS BEEN USED AS A SECOND HOME COMES FULLY FURNISHED (GAME ROOM ITEMS DO NOT CONVEY WITH THE HOME)
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 | $3,610 |
| EXPENSES | Loan Payment | -$3,647 |
| Property Tax | -$652 | |
| Property Insurance | -$107 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$915
|
||
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.
$1,050,000
PROJECTED PRICE
$3,610
PROJECTED RENT
0.34%
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
$284,000
LOAN DETAILS
$3,647
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $262,500 |
| Loan Amount | $787,500 |
1.5
YEARS SAVED
$8,340
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,610
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$3,313
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
4335 Micahs Canyon Court Las Vegas, NV 5
- 4 beds 4 baths ∙ 4,115 Sqft ∙ Built 2001 4 beds 4 baths ∙ 4,115 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $3,610
- $0.88
-
10385 Pilot Mountain Court Las Vegas, NV 1
- 5 beds 3 baths ∙ 4,036 Sqft ∙ Built 2003 5 beds 3 baths ∙ 4,036 Sqft ∙ Built 2003
LEASED 02/16/21- Rent
- Rent Per SQFT
- $2,800
- $0.69
-
5645 North Chieftain Street Las Vegas, NV 2
- 4 beds 6 baths ∙ 3,940 Sqft ∙ Built 2007 4 beds 6 baths ∙ 3,940 Sqft ∙ Built 2007
LEASED 06/15/20- Rent
- Rent Per SQFT
- $3,200
- $0.81
-
4724 El Presidente Drive Las Vegas, NV 3
- 4 beds 4 baths ∙ 3,781 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,781 Sqft ∙ Built 2004
LEASED 01/10/20- Rent
- Rent Per SQFT
- $3,300
- $0.87
-
8825 Hickam Las Vegas, NV 4
- 5 beds 3 baths ∙ 3,880 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,880 Sqft ∙ Built 2003
LEASED 07/08/20- Rent
- Rent Per SQFT
- $3,300
- $0.85
PROPERTY LISTING DETAILS
1.702.277.5013
Key Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2269765
Last Updated: 02/20/2021
