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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $174.31
- 7 Days on Market
- MLS # : 2248733
- Updated Date : 11/18/2020 at 14:00
CONSTRUCTION
- Beds : 6
- Floor Size : 4,010 sqft
- Baths : 3 full , 1 half
Listing Agent
Nevada Asset Preservation & Ma
Listing Agent's Description
Absolutely gorgeous 6 bdrm, 3.5 bath, 3 car garage & RV parking. Not your typical Vegas residence, lingering giant Pine trees line this property, real grass front/back. Beautiful pool that is 8.5 deep. Built-in barbecue, fire pit & cozy club chairs remain with property. If you enjoy entertaining outdoors this one is a must see. Inside this lovely home you will find new upgraded tile, carpet & laminate flooring. This one shows true pride of ownership, even the smallest of detail has been addressed. Make sure & take a close look at the fixtures, upgraded door knobs & custom painted knobs on the cabinets. This home is 6 bedrooms plus a den/office/study. Formal living room with breath taking fireplace, formal dining room with Tiffany style fixture, luxurious cabinetry & Granite counters in the kitchen, stainless steel appliances compliment this Tuscan themed beauty. You will find a full bedroom & bath nestled on the 1st floor. Master is upstairs & boasts two walk-in closets. Stunning!!
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: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,930 |
| EXPENSES | Loan Payment | -$2,579 |
| Property Tax | -$449 | |
| Property Insurance | -$105 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$322
|
||
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.
$699,000
PROJECTED PRICE
$2,930
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.3% |
| 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
$190,985
LOAN DETAILS
$2,579
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,750 |
| Loan Amount | $524,250 |
3.58
YEARS SAVED
$26,833
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,930
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,987
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
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- $3,300
- $0.76
PROPERTY LISTING DETAILS
1.702.328.3589
Nevada Asset Preservation & Ma
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2248733
Last Updated: 11/18/2020
