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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $307.59
- 3 Days on Market
- MLS # : 2271466
- Updated Date : 02/19/2021 at 23:54
CONSTRUCTION
- Beds : 2
- Floor Size : 975 sqft
- Baths : 2 full
Listing Agent
Rustic Properties
Listing Agent's Description
Cozy single story Summerlin home! This home has been freshly updated with new interior paint, laminate wood floors, and PLUSH carpet in the bedrooms! The kitchen features stainless steel appliances with quartz counter tops and a breakfast nook! The office space could be easily converted into a third bedroom! Come see this gem today!
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: The Arbors
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Arbors
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$185 | |
| Property Insurance | -$46 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$11
|
||
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.
$299,900
PROJECTED PRICE
$1,380
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| 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
$85,224
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
5.67
YEARS SAVED
$19,123
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$1.42
LIST RENT PER SQFT
-
$1,204
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
520 Bernini Street Las Vegas, NV 5
- 2 beds 2 baths ∙ 975 Sqft ∙ Built 2001 2 beds 2 baths ∙ 975 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,380
- $1.42
-
300 Pine Haven Street #106 Las Vegas, NV 1
- 2 beds 1 baths ∙ 980 Sqft ∙ Built 1999 2 beds 1 baths ∙ 980 Sqft ∙ Built 1999
LEASED 01/26/21- Rent
- Rent Per SQFT
- $1,195
- $1.22
-
353 Amber Pine Street #207 Las Vegas, NV 2
- 2 beds 2 baths ∙ 980 Sqft ∙ Built 2001 2 beds 2 baths ∙ 980 Sqft ∙ Built 2001
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,200
- $1.22
-
400 Pine Haven Street #206 Las Vegas, NV 3
- 2 beds 1 baths ∙ 980 Sqft ∙ Built 2001 2 beds 1 baths ∙ 980 Sqft ∙ Built 2001
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,200
- $1.22
-
401 Pine Haven Street #106 Las Vegas, NV 4
- 2 beds 1 baths ∙ 980 Sqft ∙ Built 2001 2 beds 1 baths ∙ 980 Sqft ∙ Built 2001
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,250
- $1.28
PROPERTY LISTING DETAILS
1.702.551.4381
Rustic Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271466
Last Updated: 02/19/2021
