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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $259.88
- 3 Days on Market
- MLS # : 2260812
- Updated Date : 03/06/2021 at 05:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,366 sqft
- Baths : 2 full , 1 half
Listing Agent
Nicklin Prop Mgmt & Inv Inc
Listing Agent's Description
YOU'VE FOUND A GREAT COMBINATION! A GATED COMMUNITY AND A TWO STORY HOME WITH THE MASTER BEDROOM ON THE GROUND FLOOR. LOCATED IN THE POPULAR ASPEN MEADOWS COMMUNITY IN SUMMERLIN NORTH-NOT AGE RESTRICTED. THIS HOME FEATURES A NICE INTERIOR LOT LOCATION, BRAND NEW CARPET AND WOODLOOK FLOORING, FRESHLY PAINTED AND PROFESSIONALLY CLEANED. SEPARATE DOWNSTAIRS LAUNDRY ROOM AND THE WASHER AND DRYER ARE INCLUDED! THIS HOME'S LOT IS SOMETHING THAT IS HARD TO FIND - IT'S BIG! THIS LOVELY COMMUNITY EVEN HAS IT'S OWN PARK AREA. ADDITIONALLY, ASPEN MEADOWS RESIDENTS HAVE ACCESS TO ALL THE AMENITIES IN SUMMERLIN NORTH - POOLS, RECREATION FACILITIES, PARKS AND MORE! CRUISE AROUND THE AREA AND CHECK OUT ALL THE WONDERFUL THINGS THIS AREA HAS TO OFFER IN ADDITION TO THE COMMUNITY AMENITIES - LOTS OF SHOPPING AND DINING OPPORTUNITIES. BUYER TO VERIFY ALL INFORMATION AND SCHOOLS.
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: The Arbors
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Arbors
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$1,233 |
| Property Tax | -$208 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$164
|
||
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.
$355,000
PROJECTED PRICE
$1,450
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.0% |
| 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
$99,825
LOAN DETAILS
$1,233
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
3.58
YEARS SAVED
$11,180
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,506
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
543 Poplar Leaf Street Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,366 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,366 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,450
- $1.06
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532 Aspen Leaf Street Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,526 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,526 Sqft ∙ Built 2001
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,600
- $1.05
-
538 Poplar Leaf Street Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,366 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,366 Sqft ∙ Built 2001
LEASED 11/21/20- Rent
- Rent Per SQFT
- $1,600
- $1.17
-
542 Poplar Leaf Street Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,525 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,525 Sqft ∙ Built 2001
LEASED 02/12/21- Rent
- Rent Per SQFT
- $1,650
- $1.08
-
11033 Linden Leaf Avenue Las Vegas, NV 5
- 3 beds 3 baths ∙ 1,525 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,525 Sqft ∙ Built 2001
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,695
- $1.11
PROPERTY LISTING DETAILS
1.702.533.2949
Nicklin Prop Mgmt & Inv Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2260812
Last Updated: 03/06/2021
