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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $192.08
- 3 Days on Market
- MLS # : 2250980
- Updated Date : 11/28/2020 at 15:03
CONSTRUCTION
- Beds : 4
- Floor Size : 1,718 sqft
- Baths : 1 full
Listing Agent
O48 Realty
Listing Agent's Description
This Incredible Single Story Home is the ONE! This Gem Features High Vaulted Ceilings, Newly Installed Laminate and Tile Throughout the Main Living Areas, a Bright and Open Floor Plan. Cozy up and Relax Next to the Brick Fireplace in the Family Room, Newly Painted Kitchen Cabinetry, Breakfast Bar, and All Appliances Included! A Backyard Yard Paradise Nestled on an Expansive Lot with a Covered Patio, Fire Pit, Sparkling Pool and Spa with Freshly Painted Cool Decking. Truly the Perfect Home for Entertaining! Click the Movie Reel Link Above to Enjoy a Virtual Tour.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise
* 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 | -$1,218 |
| Property Tax | -$162 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$51
|
||
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.
$329,990
PROJECTED PRICE
$1,610
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.4% |
| 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
$93,197
LOAN DETAILS
$1,218
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,498 |
| Loan Amount | $247,493 |
7
YEARS SAVED
$32,214
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 -
$0.94
LIST RENT PER SQFT
-
$1,606
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
5152 Alfalfa Street Las Vegas, NV 3
- 4 beds 1 baths ∙ 1,718 Sqft ∙ Built 1979 4 beds 1 baths ∙ 1,718 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,610
- $0.94
-
5372 Bramble Lane Las Vegas, NV 1
- 3 beds 1 baths ∙ 1,694 Sqft ∙ Built 1976 3 beds 1 baths ∙ 1,694 Sqft ∙ Built 1976
LEASED 04/18/20- Rent
- Rent Per SQFT
- $1,450
- $0.86
-
3585 Winner Drive Las Vegas, NV 2
- 3 beds 1 baths ∙ 1,598 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,598 Sqft ∙ Built 1979
LEASED 11/05/20- Rent
- Rent Per SQFT
- $1,600
- $1.00
-
3948 Boca Grande Las Vegas, NV 4
- 4 beds 2 baths ∙ 1,829 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,829 Sqft ∙ Built 1985
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,685
- $0.92
-
3938 Irongate Las Vegas, NV 5
- 5 beds 2 baths ∙ 1,817 Sqft ∙ Built 1973 5 beds 2 baths ∙ 1,817 Sqft ∙ Built 1973
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,750
- $0.96
PROPERTY LISTING DETAILS
1.702.287.2015
O48 Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2250980
Last Updated: 11/28/2020
