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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $209.02
- 3 Days on Market
- MLS # : 2276537
- Updated Date : 03/06/2021 at 04:23
CONSTRUCTION
- Beds : 4
- Floor Size : 2,583 sqft
- Baths : 3 full
Listing Agent
Exp Realty
Listing Agent's Description
STUNNING SINGLE STORY ON A CORNER LOT IN SOUTHERN HIGHLANDS! 4 BEDROOMS, 3 FULL BATHS PLUS BONUS ROOM/DEN. SPACIOUS KITCHEN WITH BREAKFAST BAR, ALL APPLIANCES INCLUDED! HUGE FAMILY AND LIVING ROOMS. MASSIVE PRIMARY SUITE WITH LUXURIOUS BATH. SECURED ENTRY , WITH SOOTHING WATER FEATURE. LARGE BACK YARD, COVERED PATIO, MATURE LANDSCAPING AND A RELAXING HOT TUB. SEPARATE 2 CAR AND SINGLE CAR GARAGES. WALKING DISTANCE TO PARKS, SHOPPING, RESTUARANTS, SCHOOLS, AND MORE. CHECK OUT THE 3D TOUR AND HAPPY HUNTING!
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: Southern Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southern Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,140 |
| EXPENSES | Loan Payment | -$1,875 |
| Property Tax | -$320 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$251
|
||
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.
$539,900
PROJECTED PRICE
$2,140
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.0% |
| 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
$148,824
LOAN DETAILS
$1,875
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $134,975 |
| Loan Amount | $404,925 |
3.5
YEARS SAVED
$16,317
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,131
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
5012 Hacienda Grande Avenue Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $2,140
- $0.83
-
10734 Vemoa Drive Las Vegas, NV 1
- 5 beds 3 baths ∙ 2,470 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,470 Sqft ∙ Built 2002
LEASED 01/10/21- Rent
- Rent Per SQFT
- $1,950
- $0.79
-
5081 Moose Falls Drive Las Vegas, NV 2
- 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 2006
LEASED 02/18/21- Rent
- Rent Per SQFT
- $1,995
- $0.83
-
5597 Villa Lucia Court Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,547 Sqft ∙ Built 2003
LEASED 11/12/20- Rent
- Rent Per SQFT
- $2,200
- $0.86
-
10541 Casa Bianca Street Las Vegas, NV 5
- 3 beds 3 baths ∙ 2,728 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,728 Sqft ∙ Built 2001
LEASED 02/01/21- Rent
- Rent Per SQFT
- $2,250
- $0.82
PROPERTY LISTING DETAILS
1.170.249.70739
Exp Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2276537
Last Updated: 03/06/2021
