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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $186.98
- 6 Days on Market
- MLS # : 2272437
- Updated Date : 02/24/2021 at 01:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,005 sqft
- Baths : 2 full
Listing Agent
Real Estate Unlimited
Listing Agent's Description
Very nice and clean house in gated community of Los Prados. Not age restricted neighborhood. Brand new laminate flooring. Added garage storage. New drip irrigation. All appliances stay (aside from garage freezers). Some furniture negotiable. LED lighting. Custom paint. Complete fenced back yard. Oversized lot with water feature. Community pool and tennis courts. Golf course community. Guard gated community. Wet bar in family room. Gas fireplace.
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: Los Prados
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Los Prados
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,302 |
| Property Tax | -$243 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$80
|
||
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
$1,810
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.3% |
| 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 |
7
YEARS SAVED
$31,622
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,810
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
5221 Orchard Hills Avenue Las Vegas, NV 3
- 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $1,810
- $0.90
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5229 Sundance Canyon Court North Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,805 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,805 Sqft ∙ Built 2002
LEASED 12/11/20- Rent
- Rent Per SQFT
- $1,550
- $0.86
-
5220 Backwoodsman Avenue Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1999
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,695
- $0.86
-
5709 Spicewood Circle Las Vegas, NV 4
- 3 beds 2 baths ∙ 2,007 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,007 Sqft ∙ Built 1987
LEASED 09/02/20- Rent
- Rent Per SQFT
- $1,900
- $0.95
-
5709 Partridge Bluff Street Las Vegas, NV 5
- 3 beds 3 baths ∙ 2,118 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,118 Sqft ∙ Built 1998
LEASED 11/20/20- Rent
- Rent Per SQFT
- $2,000
- $0.94
PROPERTY LISTING DETAILS
1.702.400.2062
Real Estate Unlimited
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2272437
Last Updated: 02/24/2021
