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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $174.46
- 3 Days on Market
- MLS # : 2250945
- Updated Date : 11/27/2020 at 16:26
CONSTRUCTION
- Beds : 4
- Floor Size : 1,519 sqft
- Baths : 1 full
Listing Agent
Marshall Stearns Real Estate
Listing Agent's Description
Welcome to your perfect outdoor paradise! This well cared for single story home has had many flooring and paint updates as well as an outdoor oasis outback with northern facing backyard. Don't wait, this one will go quick!
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 | $1,390 |
| EXPENSES | Loan Payment | -$978 |
| Property Tax | -$137 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$99
|
||
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.
$265,000
PROJECTED PRICE
$1,390
PROJECTED RENT
0.52%
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
$75,975
LOAN DETAILS
$978
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
8
YEARS SAVED
$32,042
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,390
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,348
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
4536 Newton Drive Las Vegas, NV 2
- 4 beds 1 baths ∙ 1,519 Sqft ∙ Built 1977 4 beds 1 baths ∙ 1,519 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $1,390
- $0.92
-
5143 Woodruff Place Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1978
LEASED 02/29/20- Rent
- Rent Per SQFT
- $1,350
- $0.83
-
4180 Reno Avenue Las Vegas, NV 3
- 3 beds 1 baths ∙ 1,672 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,672 Sqft ∙ Built 1979
LEASED 01/04/20- Rent
- Rent Per SQFT
- $1,450
- $0.87
-
4190 Reno Avenue Las Vegas, NV 4
- 3 beds 1 baths ∙ 1,520 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,520 Sqft ∙ Built 1979
LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,450
- $0.95
-
4550 San Rafael Avenue Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1978
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,450
- $0.90
PROPERTY LISTING DETAILS
1.702.419.8911
Marshall Stearns Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2250945
Last Updated: 11/27/2020
