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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $214.52
- 3 Days on Market
- MLS # : 2267715
- Updated Date : 02/07/2021 at 04:04
CONSTRUCTION
- Beds : 4
- Floor Size : 2,424 sqft
- Baths : 3 full
Listing Agent
Signature Gallery Of Homes
Listing Agent's Description
Single story stunner! This home offers an open floor plan, 4 bedrooms and 3 full baths. The generously sized kitchen with granite island and spacious walk-in pantry is truly a chef's dream! The primary bedroom is oversized, separate from others with the en-suite bathroom featuring a separate tub and shower, dual vanity, and a walk-in closet. Separate laundry room with cabinets and sink. All secondary bedrooms have walk-in closets. Bedroom at the front of the house has a private bath, making it an excellent guest room! Features a large backyard, 3 car garage and hard to find RV PARKING on the side! No HOA!
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: North Cheyenne
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Cheyenne
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$1,806 |
| Property Tax | -$410 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$669
|
||
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.
$520,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.33%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.7% |
| 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
$143,550
LOAN DETAILS
$1,806
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $130,000 |
| Loan Amount | $390,000 |
0.33
YEARS SAVED
$281
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,739
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
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- $1,650
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- Rent Per SQFT
- $2,000
- $0.79
PROPERTY LISTING DETAILS
1.702.331.3948
Signature Gallery Of Homes
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2267715
Last Updated: 02/07/2021
