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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $178.86
- 3 Days on Market
- MLS # : 2271033
- Updated Date : 02/20/2021 at 16:21
CONSTRUCTION
- Beds : 4
- Floor Size : 2,096 sqft
- Baths : 2 full
Listing Agent
Platinum R.e. Professionals
Listing Agent's Description
Gorgeous remodel! Gated courtyard with fire pit. Two story with 4 bedrooms, one down. Kitchen with granite counters, breakfast bar and island open to family room. Floor to ceiling marble fireplace surround. Polished Carrera tile throughout downstairs. Beautiful master suite with custom bath features granite counters with double sinks, separate soaking tub and large shower. Bedroom's 2 and 3 share a Jack & Jill bathroom. All bedrooms have walk in closets. Vaulted ceilings, two tone paint, ceiling fans, RV parking and hookup. Enjoy the sparkling pool and spa. No HOA!
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: Rancho Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,302 |
| Property Tax | -$258 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$137
|
||
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.
$374,900
PROJECTED PRICE
$1,610
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.8% |
| 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
$105,099
LOAN DETAILS
$1,302
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,725 |
| Loan Amount | $281,175 |
3.83
YEARS SAVED
$13,219
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,651
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
5124 Sierra Blanca Lane North Las Vegas, NV 4
- 4 beds 2 baths ∙ 2,096 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,096 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,610
- $0.77
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1833 Bayhurst North Las Vegas, NV 1
- 4 beds 3 baths ∙ 1,984 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,984 Sqft ∙ Built 2006
LEASED 08/27/20- Rent
- Rent Per SQFT
- $1,550
- $0.78
-
1612 Los Alamos North Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,055 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,055 Sqft ∙ Built 1992
LEASED 04/11/20- Rent
- Rent Per SQFT
- $1,600
- $0.78
-
1912 Camino Carlos Rey North Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,966 Sqft ∙ Built 1993
LEASED 02/11/21- Rent
- Rent Per SQFT
- $1,600
- $0.81
-
1600 Glenrosa North Las Vegas, NV 5
- 5 beds 3 baths ∙ 2,242 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,242 Sqft ∙ Built 1993
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,745
- $0.78
PROPERTY LISTING DETAILS
1.702.545.0020
Platinum R.e. Professionals
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271033
Last Updated: 02/20/2021
