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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $199.05
- 7 Days on Market
- MLS # : 2254029
- Updated Date : 12/08/2020 at 11:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,537 sqft
- Baths : 3 full
Listing Agent
Advanced Realty Group
Listing Agent's Description
2,537 sq ft Single story family home located in Las Vegas, NV 89131. Built in 2004, this home Features 4 bedrooms, 3 bathrooms, Open floor plan, A Kitchen with plenty of cabinets and counter space. Living room features gas fireplace and Sparkling pool.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,070 |
| EXPENSES | Loan Payment | -$1,863 |
| Property Tax | -$354 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$342
|
||
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.
$504,999
PROJECTED PRICE
$2,070
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.3% |
| 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
$139,575
LOAN DETAILS
$1,863
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $126,250 |
| Loan Amount | $378,749 |
2.5
YEARS SAVED
$11,625
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,070
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$2,068
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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5313 Purple Orchid Court Las Vegas, NV 3
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- Rent Per SQFT
- $2,070
- $0.82
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LEASED 01/07/20- Rent
- Rent Per SQFT
- $1,950
- $0.82
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5819 Gushing Spring Avenue #0 Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 2002
LEASED 01/07/20- Rent
- Rent Per SQFT
- $2,000
- $0.83
-
6432 Somervell Ranch Street Las Vegas, NV 4
- 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,700 Sqft ∙ Built 2009
LEASED 07/28/19- Rent
- Rent Per SQFT
- $2,095
- $0.78
-
6717 Pyracantha Glen Court Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,537 Sqft ∙ Built 2002
LEASED 11/01/19- Rent
- Rent Per SQFT
- $2,100
- $0.83
PROPERTY LISTING DETAILS
1.702.274.0900
Advanced Realty Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2254029
Last Updated: 12/08/2020
