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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $157.34
- 4 Days on Market
- MLS # : 2266052
- Updated Date : 02/06/2021 at 02:39
CONSTRUCTION
- Beds : 4
- Floor Size : 1,840 sqft
- Baths : 1 full , 1 half
Listing Agent
Coldwell Banker Premier
Listing Agent's Description
*THIS IS THE ONE!*This GORGEOUS home has EXCELLENT CURB APPEAL and is located in the LOVELY GUARD GATED Copper Creek Community, with SECURITY, Community PARKS, POOL, Community Center, and Exercise Room! Close to SOCCER FIELDS, PARKS, HIKING TRAILS, FREEWAYS, HOSPITAL and SHOPPING! This BEAUTIFUL 4 BEDROOM, 3 BATH home features the LARGEST LOT in the community, NO NEIGHBORS behind, MOUNTAIN VIEWS with the WETLANDS nearby! Sellers have created a MASSIVE CUSTOM PANTRY, the home features an OPEN and AIRY FLOORPLAN, TONS of LIGHT, the KITCHEN has GRANITE Countertops, PLENTY of STORAGE, and an ENORMOUS SINK featuring a BRAND NEW UPGRADED GARBAGE DISPOSAL! There is CERAMIC TILE THROUGHOUT the bottom floor! All bedrooms are UPSTAIRS, a HUGE MASTER, and two of the bedrooms with WALK IN CLOSETS! LOW MAINTENANCE Landscaping with a GORGEOUS ENTRYWAY with a RELAXING PORCH! ENJOY a HUGE backyard with a COVERED PATIO, ready for your personal touch! HURRY BEFORE IT IS GONE!*This BEAUTY will NOT last!*
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Zip Code: 89122
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 89122
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$1,006 |
| Property Tax | -$207 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$15
|
||
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.
$289,500
PROJECTED PRICE
$1,380
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 11.1% |
| 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
$82,468
LOAN DETAILS
$1,006
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,375 |
| Loan Amount | $217,125 |
5.08
YEARS SAVED
$15,073
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,477
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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5462 Nickel Ridge Way Las Vegas, NV 1
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- $1,380
- $0.75
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5484 Mercury Springs Drive Las Vegas, NV 2
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LEASED 02/25/20- Rent
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- $1,400
- $0.83
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5519 Glitter Rock Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,786 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,786 Sqft ∙ Built 2012
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,450
- $0.81
-
6749 Prairie Dusk Las Vegas, NV 4
- 4 beds 3 baths ∙ 1,979 Sqft ∙ Built 2012 4 beds 3 baths ∙ 1,979 Sqft ∙ Built 2012
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,550
- $0.78
-
6828 Majestic Palm Drive Las Vegas, NV 5
- 4 beds 3 baths ∙ 1,955 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,955 Sqft ∙ Built 2013
LEASED 08/13/20- Rent
- Rent Per SQFT
- $1,550
- $0.79
PROPERTY LISTING DETAILS
1.702.465.2183
Coldwell Banker Premier
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2266052
Last Updated: 02/06/2021
