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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $155.99
- 2 Days on Market
- MLS # : 2271690
- Updated Date : 02/20/2021 at 17:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,211 sqft
- Baths : 2 full , 1 half
Listing Agent
Whn Realty
Listing Agent's Description
ATTRACTIVE NORTHWEST VALLEY HOME!!! THIS FULLY RENOVATED HOME BOASTS 4 BEDROOMS, 2.5 BATHROOMS, 2 CAR GARAGE, OVERSIZED OFFICE/DEN/GAME ROOM, LIVING AND FAMILY ROOM AND AN OPEN AND ENTERTAINING FLOOR PLAN. THE INTERIOR IS FINISHED WITH CUSTOM PAINT, GRANITE COUNTERS, AND LAMINATE FLOORING. THE MASTER BEDROOM IS OVERSIZED WITH SEPARATE BATHROOM AND WALK-IN CLOSET. THE BACKYARD IS AN ENTERTAINER’S OASIS WITH DESERT LANDSCAPING AND COVERED PATIO. THIS IS A GREAT PLACE TO CALL 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: Dove Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dove Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$247 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$46
|
||
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.
$344,900
PROJECTED PRICE
$1,680
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 9.5% |
| 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
$97,149
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,225 |
| Loan Amount | $258,675 |
6.08
YEARS SAVED
$23,224
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,675
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
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4510 Turkey Ridge Court North Las Vegas, NV 3
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- Rent Per SQFT
- $1,680
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4519 Sunset Crater Court North Las Vegas, NV 1
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LEASED 06/04/20- Rent
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- $1,500
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4519 Windham Hills Lane North Las Vegas, NV 2
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LEASED 02/12/21- Rent
- Rent Per SQFT
- $1,550
- $0.70
-
5231 Variety Avenue North Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,134 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,134 Sqft ∙ Built 1995
LEASED 02/13/21- Rent
- Rent Per SQFT
- $1,795
- $0.84
-
5725 Bullhead Street North Las Vegas, NV 5
- 4 beds 2 baths ∙ 2,397 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,397 Sqft ∙ Built 2009
LEASED 02/19/21- Rent
- Rent Per SQFT
- $1,940
- $0.81
PROPERTY LISTING DETAILS
1.702.914.0925
Whn Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271690
Last Updated: 02/20/2021
