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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $224.87
- 7 Days on Market
- MLS # : 2257708
- Updated Date : 01/02/2021 at 16:09
CONSTRUCTION
- Beds : 2
- Floor Size : 1,134 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Premier
Listing Agent's Description
BEAUTIFUL AND VERY WELL KEPT HOME IN A QUIET GATED COMMUNITY, HIGH CEILINGS, COVERED PATIO, OPEN FLOOR PLAN
SEE MORE
- 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)
- 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)
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 | $1,240 |
| EXPENSES | Loan Payment | -$941 |
| Property Tax | -$177 | |
| Property Insurance | -$49 | |
| 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.
$255,000
PROJECTED PRICE
$1,240
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
$73,325
LOAN DETAILS
$941
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
4.58
YEARS SAVED
$13,785
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,240
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,006
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
4737 Cliff Palace Court North Las Vegas, NV 2
- 2 beds 2 baths ∙ 1,134 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,134 Sqft ∙ Built 2002
![property image]()
- Rent
- Rent Per SQFT
- $1,240
- $1.09
-
4860 Marco Polo Street #. North Las Vegas, NV 1
- 2 beds 1 baths ∙ 1,306 Sqft ∙ Built 2004 2 beds 1 baths ∙ 1,306 Sqft ∙ Built 2004
![property image]()
LEASED 08/14/19- Rent
- Rent Per SQFT
- $1,100
- $0.84
-
6428 Angel Mountain Avenue #0 Las Vegas, NV 3
- 2 beds 3 baths ∙ 1,412 Sqft ∙ Built 1996 2 beds 3 baths ∙ 1,412 Sqft ∙ Built 1996
![property image]()
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,250
- $0.89
-
4465 Violet Flowers #2018 North Las Vegas, NV 4
- 2 beds 3 baths ∙ 1,430 Sqft ∙ Built 2018 2 beds 3 baths ∙ 1,430 Sqft ∙ Built 2018
![property image]()
LEASED 06/22/20- Rent
- Rent Per SQFT
- $1,300
- $0.91
-
4529 Roaming Vines Street #2061 North Las Vegas, NV 5
- 2 beds 3 baths ∙ 1,430 Sqft ∙ Built 2017 2 beds 3 baths ∙ 1,430 Sqft ∙ Built 2017
![property image]()
LEASED 12/06/20- Rent
- Rent Per SQFT
- $1,300
- $0.91
PROPERTY LISTING DETAILS
1.702.468.6419
Coldwell Banker Premier
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2257708
Last Updated: 01/02/2021
