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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $218.58
- 5 Days on Market
- MLS # : 2270791
- Updated Date : 02/21/2021 at 01:30
CONSTRUCTION
- Beds : 5
- Floor Size : 3,111 sqft
- Baths : 2 full , 1 half
Listing Agent
Las Vegas Valley Realty, Inc
Listing Agent's Description
..The is a CUSTOM, ONE LEVEL/ GUARD GATED with a lot size of 12,600 sq ft...Thousands in upgrades...Unique "Farm Country Decor"..Huge double Stone Fireplace, Open Kitchen, 4'x 6' Antique Island..Walk in Pantry..Wood like Tile & Travertine Floors...8' Doors, custom hardware and Faucets..View of outside, pool and spa from every room..Shutters...High ceilings throughout house..Textured Walls..Large Master..Custom Bathroom..Makeup Table.. "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: Painted Desert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Painted Desert
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,670 |
| EXPENSES | Loan Payment | -$2,362 |
| Property Tax | -$393 | |
| Property Insurance | -$87 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$291
|
||
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.
$680,000
PROJECTED PRICE
$2,670
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 6.5% |
| 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
$185,950
LOAN DETAILS
$2,362
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $170,000 |
| Loan Amount | $510,000 |
3.58
YEARS SAVED
$22,053
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,670
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,652
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
5428 Aegean Way Las Vegas, NV 4
- 5 beds 3 baths ∙ 3,111 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,111 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $2,670
- $0.86
-
7912 Canley Avenue Las Vegas, NV 1
- 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2000
LEASED 08/28/20- Rent
- Rent Per SQFT
- $2,400
- $0.86
-
6000 Blowing Bellows Street #0 Las Vegas, NV 2
- 4 beds 2 baths ∙ 3,091 Sqft ∙ Built 1997 4 beds 2 baths ∙ 3,091 Sqft ∙ Built 1997
LEASED 02/05/20- Rent
- Rent Per SQFT
- $2,500
- $0.81
-
4645 Cimarron Road Las Vegas, NV 3
- 6 beds 3 baths ∙ 3,172 Sqft ∙ Built 1988 6 beds 3 baths ∙ 3,172 Sqft ∙ Built 1988
LEASED 08/30/19- Rent
- Rent Per SQFT
- $2,595
- $0.82
-
4779 Laurel Canyon Street Las Vegas, NV 5
- 4 beds 4 baths ∙ 3,048 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,048 Sqft ∙ Built 2002
LEASED 11/22/19- Rent
- Rent Per SQFT
- $2,800
- $0.92
PROPERTY LISTING DETAILS
1.702.498.3514
Las Vegas Valley Realty, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2270791
Last Updated: 02/21/2021
