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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $224.68
- 3 Days on Market
- MLS # : 2262024
- Updated Date : 01/16/2021 at 20:55
CONSTRUCTION
- Beds : 2
- Floor Size : 1,313 sqft
- Baths : 2 full
Listing Agent
Vegas Homes Realty, Llc
Listing Agent's Description
Los Prados is a Guard Gated Golf Community …Come see the beautiful sunrises out your back door from this 2BR, 2BA, 1 Story Home with a pool. This home has vaulted ceilings, gas fireplace, ceiling fan, pot shelves, new carpet, blinds, and water softener, R.O., and all appliances included. This community has plenty of features: Bar/Restaurant, Pools, 18 Hole Golf Course, Tennis/Pickle Ball, RV parking and more! Come and enjoy this beautiful 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: Los Prados
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Los Prados
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,300 |
| EXPENSES | Loan Payment | -$1,025 |
| Property Tax | -$186 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$82
|
||
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.
$295,000
PROJECTED PRICE
$1,300
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.3% |
| 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
$83,925
LOAN DETAILS
$1,025
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
4.42
YEARS SAVED
$12,669
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,300
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,155
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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5000 Rancho Bernardo Way Las Vegas, NV 5
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- $1,100
- $0.84
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6146 Pine Villa Avenue #101 Las Vegas, NV 2
- 2 beds 2 baths ∙ 1,205 Sqft ∙ Built 2005 2 beds 2 baths ∙ 1,205 Sqft ∙ Built 2005
LEASED 11/25/19- Rent
- Rent Per SQFT
- $1,100
- $0.91
-
6156 Pine Villa Avenue #104 Las Vegas, NV 3
- 2 beds 2 baths ∙ 1,369 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,369 Sqft ∙ Built 2000
LEASED 11/17/20- Rent
- Rent Per SQFT
- $1,200
- $0.88
-
6428 Angel Mountain Avenue #0 Las Vegas, NV 4
- 2 beds 3 baths ∙ 1,412 Sqft ∙ Built 1996 2 beds 3 baths ∙ 1,412 Sqft ∙ Built 1996
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,250
- $0.89
PROPERTY LISTING DETAILS
1.702.600.8466
Vegas Homes Realty, Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2262024
Last Updated: 01/16/2021
