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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $201.28
- 3 Days on Market
- MLS # : 2271323
- Updated Date : 02/20/2021 at 07:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,565 sqft
- Baths : 2 full
Listing Agent
Jason's Realty
Listing Agent's Description
Beautiful Two Story House Located in SW Area. Grand & Open Floor Plan, HIGH Vaulted Ceiling. Spacious Master Bedroom, which is Located Upstairs & Separate from others. Beautiful Large Tiles Throughout Downstairs and New Laminate Hardwood Flooring Upstairs. Kitchen with Brand New Cabinets, Quartz Countertops with Under Mount Sink. Stainless Steel Refrigerator, Gas Stove and Dishwasher. Third Garage Door Leads to Large Backyard.....Must See!
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: Charleston Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Charleston Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$1,094 |
| Property Tax | -$163 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$26
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$315,000
PROJECTED PRICE
$1,460
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 12.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.50% |
| 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
$89,225
LOAN DETAILS
$1,094
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
6.08
YEARS SAVED
$20,812
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,471
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
5308 Alpine Place Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,460
- $0.93
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5304 Harmony Avenue #home Las Vegas, NV 1
- 4 beds 2 baths ∙ 1,502 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,502 Sqft ∙ Built 1990
LEASED 02/27/20- Rent
- Rent Per SQFT
- $1,250
- $0.83
-
5324 Desert Bloosom Road Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,635 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,635 Sqft ∙ Built 1989
LEASED 09/16/19- Rent
- Rent Per SQFT
- $1,500
- $0.92
-
5128 Padua Way Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1993
LEASED 02/12/21- Rent
- Rent Per SQFT
- $1,500
- $0.99
-
804 Breanna Street Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1993
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,550
- $1.02
PROPERTY LISTING DETAILS
1.702.586.0333
Jason's Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271323
Last Updated: 02/20/2021
