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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $188.88
- 2 Days on Market
- MLS # : 2271372
- Updated Date : 02/20/2021 at 10:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,853 sqft
- Baths : 2 full , 1 half
Listing Agent
Simply Vegas
Listing Agent's Description
Stunning Former Model Home with the following upgrades:*Separated formal dining room and family room* Kitchen includes Corian counters, extended cabinetry, and diagonal tiles flooring*Built-in surround speakers in family room; stereo speakers in kitchen, master bedroom, and master bath* All bedrooms, living room, and dining room have ceiling fans/lights* HUGE master bedroom separated from the other bedrooms* Massive walk-in closet* Master bathroom has beautiful diagonal tiles flooring with dual sinks, shower, and tub** Windows have 2” white blinds with beautiful custom drapery*Front/back fully landscaping with synthetic grass, low maintenance with automatic drip timer* BONUS: All existing decorations, framed mirrors, and painting frames on walls are included at no costs to the buyer* refrig., washer/dryer, microwave and 5 yr old Kinetico water softener stay* Epoxy flooring in garage* CLEAN and MOVE IN READY* A MUST SEE*
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: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$226 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$114
|
||
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.
$350,000
PROJECTED PRICE
$1,510
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.8% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
4.25
YEARS SAVED
$13,991
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,533
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
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4932 Moberly Avenue Las Vegas, NV 3
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- $1,510
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5039 Pale Buffalo Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,853 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,853 Sqft ∙ Built 2006
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,450
- $0.78
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4939 Pale Buffalo Road Las Vegas, NV 2
- 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 2006
LEASED 01/13/21- Rent
- Rent Per SQFT
- $1,495
- $0.81
-
5015 Golden Antelope Way Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,853 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,853 Sqft ∙ Built 2006
LEASED 10/27/20- Rent
- Rent Per SQFT
- $1,599
- $0.86
-
5019 Pale Buffalo Road Las Vegas, NV 5
- 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 2006
LEASED 02/05/21- Rent
- Rent Per SQFT
- $1,599
- $0.86
PROPERTY LISTING DETAILS
1.170.225.03355
Simply Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271372
Last Updated: 02/20/2021
