Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $169.88
- 2 Days on Market
- MLS # : 2259755
- Updated Date : 01/09/2021 at 18:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,796 sqft
- Baths : 3 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Get Ready To Move! No rear neighbor offers a clear view of the Southern Highland hills. With almost 2800sqft, plus Casita, this beautiful home has all the space your family needs. Plenty of windows thru out fill the 1st floor with a light and open feeling. This home features a comfortably formal living room & separate dining room; a cozy family room with fireplace; and an open kitchen with eating nook, large island with breakfast bar, granite counters & glass tile backsplash, upgraded cabinets, pantry and stylish black & s/s appliances. Upstairs, the private Primary suite includes sitting area, access to the balcony, walkin & 2nd closet, and a bath with dual vanities and separate shower and tub. Bedrooms 2 & 3 each have a walkin closet as well. The Casita has a full bath and is perfect as a home office/classroom or as an extra bedroom for extended family or guests. Out back there is a lawn area for family fun, low maintenance landscape and a covered patio & balcony to enjoy the view.
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: Southern Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southern Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,140 |
| EXPENSES | Loan Payment | -$1,650 |
| Property Tax | -$306 | |
| Property Insurance | -$81 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$16
|
||
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.
$474,990
PROJECTED PRICE
$2,140
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.0% |
| 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
$131,622
LOAN DETAILS
$1,650
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $118,748 |
| Loan Amount | $356,243 |
5.58
YEARS SAVED
$29,823
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$2,083
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
5411 Pinosa Court Las Vegas, NV 4
- 4 beds 4 baths ∙ 2,796 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,796 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $2,140
- $0.77
-
5660 Tallard Las Vegas, NV 1
- 3 beds 3 baths ∙ 2,628 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,628 Sqft ∙ Built 2001
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.70
-
11198 Lavandou Drive #0 Las Vegas, NV 2
- 4 beds 2 baths ∙ 2,953 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,953 Sqft ∙ Built 2001
LEASED 04/29/20- Rent
- Rent Per SQFT
- $1,900
- $0.64
-
5519 Cortu Avenue Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2001
LEASED 10/22/20- Rent
- Rent Per SQFT
- $2,095
- $0.80
-
5643 Almocita Las Vegas, NV 5
- 3 beds 3 baths ∙ 2,746 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,746 Sqft ∙ Built 2002
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,295
- $0.84
PROPERTY LISTING DETAILS
1.702.219.3144
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2259755
Last Updated: 01/09/2021
