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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $166.17
- 3 Days on Market
- MLS # : 2261521
- Updated Date : 01/16/2021 at 02:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,527 sqft
- Baths : 3 full , 1 half
Listing Agent
Palacios Realty
Listing Agent's Description
Turn key property. Gorgeous 1 story in a gated community on a cul-de-sac. The community has it's own park & playground. Upgrades galore! Granite counters, wood floors, custom wood front door, evaluated ceilings, recessed lighting, skylights in the kitchen. Open floor plan. Master separate with private sitting area & fireplace. Beautiful backyard with pool & tiled outside shower! Boat/RV parking included in the separate gated area inside the community.
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: 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 | $2,200 |
| EXPENSES | Loan Payment | -$1,458 |
| Property Tax | -$349 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$198
|
||
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.
$419,900
PROJECTED PRICE
$2,200
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
$117,024
LOAN DETAILS
$1,458
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $104,975 |
| Loan Amount | $314,925 |
8.17
YEARS SAVED
$45,000
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,192
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
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4574 Sheri Lyn Court Court Las Vegas, NV 3
- 4 beds 4 baths ∙ 2,527 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,527 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $2,200
- $0.87
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4620 High Anchor Las Vegas, NV 1
- 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2017
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LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,950
- $0.80
-
4450 Palm Mesa Drive Las Vegas, NV 2
- 5 beds 3 baths ∙ 2,469 Sqft ∙ Built 1990 5 beds 3 baths ∙ 2,469 Sqft ∙ Built 1990
![property image]()
LEASED 05/07/20- Rent
- Rent Per SQFT
- $2,200
- $0.89
-
5888 S Pecos Road Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 1992
![property image]()
LEASED 10/13/20- Rent
- Rent Per SQFT
- $2,300
- $0.92
-
2554 Regency Cove Court Las Vegas, NV 5
- 4 beds 2 baths ∙ 2,805 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,805 Sqft ∙ Built 2008
![property image]()
LEASED 02/17/20- Rent
- Rent Per SQFT
- $2,400
- $0.86
PROPERTY LISTING DETAILS
1.702.768.4582
Palacios Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2261521
Last Updated: 01/16/2021
