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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $217.77
- 4 Days on Market
- MLS # : 2273054
- Updated Date : 02/26/2021 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,722 sqft
- Baths : 2 full
Listing Agent
Precision Realty
Listing Agent's Description
Amazingly upgraded home with 2 car attached garage, RV parking, private pool, and spa, covered patio, and backyard access. Stepping inside, you will find gorgeous new finishes throughout, including new flooring, custom built in shutters over windows and doors, new kitchen and bathrooms! Kitchen has breakfast bar, undermount kitchen sink with upgraded faucet, New quartz counters, New white shaker cabinets, stainless steel appliances! Gorgeous modern bathrooms with custom tiled showers and flooring, showers have new hardware and built in shelving, new vanities, upgraded lighting and mirrors!
SEE MORE
- 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)
- 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)
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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$127 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$239
|
||
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.
$374,999
PROJECTED PRICE
$1,370
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.4% |
| 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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,249 |
2.67
YEARS SAVED
$7,964
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,485
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
4482 Palencia Avenue Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,722 Sqft ∙ Built 1970
- Rent
- Rent Per SQFT
- $1,370
- $0.80
-
4585 Magdalena Court Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,796 Sqft ∙ Built 1979
LEASED 03/17/20- Rent
- Rent Per SQFT
- $1,352
- $0.75
-
4566 Charles Ronald Avenue Las Vegas, NV 3
- 3 beds 1 baths ∙ 1,593 Sqft ∙ Built 1968 3 beds 1 baths ∙ 1,593 Sqft ∙ Built 1968
LEASED 09/16/20- Rent
- Rent Per SQFT
- $1,450
- $0.91
-
4468 Flamingo Road Las Vegas, NV 4
- 3 beds 4 baths ∙ 1,784 Sqft ∙ Built 1965 3 beds 4 baths ∙ 1,784 Sqft ∙ Built 1965
LEASED 09/18/20- Rent
- Rent Per SQFT
- $1,595
- $0.89
-
4525 Charles Ronald Avenue Las Vegas, NV 5
- 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1965
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,650
- $0.90
PROPERTY LISTING DETAILS
1.702.280.8300
Precision Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2273054
Last Updated: 02/26/2021
