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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $367.91
- 3 Days on Market
- MLS # : 2271438
- Updated Date : 02/20/2021 at 21:40
CONSTRUCTION
- Beds : 2
- Floor Size : 1,764 sqft
- Baths : 1 full
Listing Agent
Urban Nest Realty
Listing Agent's Description
STUNNING HOME W/BEAUTIFUL OPEN FLOOR PLAN IN GUARD GATED SIENA IN SUMMERLIN, PROPERTY W/ELEVATED LOT LOCATED ON GOLF COURSE. ENJOY YOUR OWN PRIVATE POOL & VIEWS, COVERED PATIO, MASTER BEDROOM W/ CUSTOM WALKIN CLOSET, KITCHEN W/STAINLESS STEEL APPLIANCES, GRANITE COUNTERS, BREAKFAST NOOK, DEN, MARBLE FLOORING, CHECK OUT AMENITIES INCLUDING CLUBHOUSE & BISTRO RESTAUANT. RESORT TYPE LIVING
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: Siena
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Siena
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,360 |
| EXPENSES | Loan Payment | -$2,254 |
| Property Tax | -$327 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$401
|
||
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.
$649,000
PROJECTED PRICE
$2,360
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 6.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| 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
$177,735
LOAN DETAILS
$2,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $162,250 |
| Loan Amount | $486,750 |
2.67
YEARS SAVED
$13,722
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,360
LIST RENT -
$1.34
LIST RENT PER SQFT
-
$1,887
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
4698 Atlantico Street Las Vegas, NV 5
- 2 beds 1 baths ∙ 1,764 Sqft ∙ Built 2003 2 beds 1 baths ∙ 1,764 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $2,360
- $1.34
-
4565 Largo Cantata Street Las Vegas, NV 1
- 2 beds 2 baths ∙ 1,691 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,691 Sqft ∙ Built 2002
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,700
- $1.01
-
4559 Regalo Bello Street Las Vegas, NV 2
- 2 beds 1 baths ∙ 1,589 Sqft ∙ Built 2003 2 beds 1 baths ∙ 1,589 Sqft ∙ Built 2003
LEASED 09/08/20- Rent
- Rent Per SQFT
- $1,700
- $1.07
-
4573 Largo Cantata Street Las Vegas, NV 3
- 2 beds 1 baths ∙ 1,603 Sqft ∙ Built 2004 2 beds 1 baths ∙ 1,603 Sqft ∙ Built 2004
LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,750
- $1.09
-
4431 Palloni Las Vegas, NV 4
- 2 beds 1 baths ∙ 1,621 Sqft ∙ Built 2005 2 beds 1 baths ∙ 1,621 Sqft ∙ Built 2005
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,800
- $1.11
PROPERTY LISTING DETAILS
1.702.234.9409
Urban Nest Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271438
Last Updated: 02/20/2021
