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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $257.68
- 7 Days on Market
- MLS # : 2269977
- Updated Date : 02/20/2021 at 06:30
CONSTRUCTION
- Beds : 2
- Floor Size : 912 sqft
- Baths : 1 full
Listing Agent
Exp Realty
Listing Agent's Description
Charming home with RV Access, upgraded storage room/craft room. Near shopping, parks, and eatery, easy freeway access to 95/93. Great home with a spacious yard easy landscape maintenance, covered carport. No HOA !!! Minutes away from Las Vegas Strip, Airport, Las Vegas Raider Stadium.
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: Whitney
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Whitney
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,110 |
| EXPENSES | Loan Payment | -$816 |
| Property Tax | -$77 | |
| Property Insurance | -$45 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$53
|
||
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.
$235,000
PROJECTED PRICE
$1,110
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 12.6% |
| 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
$68,025
LOAN DETAILS
$816
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
6.75
YEARS SAVED
$19,086
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,110
LIST RENT -
$1.22
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
5073 San Rafael Avenue Las Vegas, NV
- 2 beds 1 baths ∙ 912 Sqft ∙ Built 1973 2 beds 1 baths ∙ 912 Sqft ∙ Built 1973
![property image]()
- Rent
- Rent Per SQFT
- $1,110
- $1.22
PROPERTY LISTING DETAILS
1.702.461.6227
Exp Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2269977
Last Updated: 02/20/2021
