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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $238.66
- 3 Days on Market
- MLS # : 2256615
- Updated Date : 12/18/2020 at 13:30
CONSTRUCTION
- Beds : 4
- Floor Size : 1,257 sqft
- Baths : 2 full
Listing Agent
Rothwell Gornt Companies
Listing Agent's Description
RARE FIND!! 4 Bedroom home, with no HOA, ON OVER A QUARTER ACRE, at the end of a cul-de-sac, and priced below 300k. Large front yard with desert landscaping and potential to add RV. You will notice the vaulted ceilings and open living area as soon as you enter. This home has tile throughout, was recently painted and has an open floor plan. Kitchen has modern white cabinets, granite counters, and stainless steel appliances. Bedrooms have a split floor plan separating guest rooms from the master. Master bed room is very spacious with a walk-in closet and sliding glass door that gains access to a private side yard. Master bath has a tub/shower combo and granite counter tops. There is a sun room leading into a large backyard. You rarely see a yard this size. Don't miss your chance to have so much outdoor living.
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: North Las Vegas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Las Vegas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$164 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$42
|
||
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.
$299,999
PROJECTED PRICE
$1,400
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 11.1% |
| 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
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $224,999 |
5
YEARS SAVED
$17,852
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$1,112
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
4534 East Buddy Holly Court North Las Vegas, NV 4
- 4 beds 2 baths ∙ 1,257 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,257 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $1,400
- $1.11
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4924 Country Breeze Court #0 North Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 1993
LEASED 08/12/19- Rent
- Rent Per SQFT
- $1,350
- $0.89
-
5258 Cedar Bridge Court #0 North Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2001
LEASED 10/18/19- Rent
- Rent Per SQFT
- $1,400
- $0.87
-
5324 Cholla Blossom Court North Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,596 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,596 Sqft ∙ Built 2000
LEASED 09/28/20- Rent
- Rent Per SQFT
- $1,400
- $0.88
-
5277 Toro Creek Court #0 North Las Vegas, NV 5
- 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,606 Sqft ∙ Built 2001
LEASED 10/15/19- Rent
- Rent Per SQFT
- $1,450
- $0.90
PROPERTY LISTING DETAILS
1.702.884.8276
Rothwell Gornt Companies
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256615
Last Updated: 12/18/2020
