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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $184.88
- 3 Days on Market
- MLS # : 2269515
- Updated Date : 02/20/2021 at 01:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,163 sqft
- Baths : 1 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Hard to find 4 bedroom home on cul de sac with large lot*Separate living, dining & family rooms*Upgraded kitchen counters and tile flooring*Fireplace in family room*Huge backyard with full covered patio*Close to schools, parks, shopping, etc. All appliances included*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: Spring Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Spring Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$147 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$126
|
||
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.
$399,900
PROJECTED PRICE
$1,850
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.9% |
| 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
$111,724
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
7.58
YEARS SAVED
$39,187
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,898
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
5119 Golden Rod Circle Las Vegas, NV 3
- 4 beds 2 baths ∙ 2,163 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,163 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $1,850
- $0.86
-
3935 Tirana Way Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,964 Sqft ∙ Built 1988
LEASED 01/01/21- Rent
- Rent Per SQFT
- $1,675
- $0.85
-
5849 Cherokee Las Vegas, NV 2
- 4 beds 1 baths ∙ 2,205 Sqft ∙ Built 1979 4 beds 1 baths ∙ 2,205 Sqft ∙ Built 1979
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,795
- $0.81
-
5842 Thor Drive Las Vegas, NV 4
- 4 beds 1 baths ∙ 2,128 Sqft ∙ Built 1978 4 beds 1 baths ∙ 2,128 Sqft ∙ Built 1978
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,950
- $0.92
-
3918 Spitze Drive Las Vegas, NV 5
- 4 beds 1 baths ∙ 2,150 Sqft ∙ Built 1980 4 beds 1 baths ∙ 2,150 Sqft ∙ Built 1980
LEASED 03/05/20- Rent
- Rent Per SQFT
- $1,995
- $0.93
PROPERTY LISTING DETAILS
1.702.493.8000
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2269515
Last Updated: 02/20/2021
