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5547 Trooper Street 
Las Vegas, NV
89120
4 Beds 2 Baths 2,246 sqft
Built 1978
INVESTimate
$419,900
List Price
$117,024
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PROPERTY INFO
FACTS
- Built In 1978
- Price/Sqft : $186.95
- 3 Days on Market
- MLS # : 2224210
- Updated Date : 08/24/2020 at 16:33
CONSTRUCTION
- Beds : 4
- Floor Size : 2,246 sqft
- Baths : 2 full
Listing Agent
Galindo Group Real Estate
Listing Agent's Description
Wow!! Single Story renovated 4 bed 2 full bath with a three car garage AND RV parking NO HOA!! This property has been renovated with NEW stainless steel appliances, Soft close modern shaker cabinets, white carrera quartz countertops, Real wood burning fireplace! All new stunning light fixtures and bathroom fixtures. Waterproof luxury vinyl tile floors throughout living area, kitchen and laundry room! All new modern baseboards! Low maintenance landscaping front and back yard!
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
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,549 |
| Property Tax | -$193 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$82
|
||
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.
$419,900
PROJECTED PRICE
$1,850
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.37% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$117,024
LOAN DETAILS
$1,549
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $104,975 |
| Loan Amount | $314,925 |
5.17
YEARS SAVED
$26,243
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$1,830
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
5547 Trooper Street Las Vegas, NV 4
- 4 beds 2 baths ∙ 2,246 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,246 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $1,850
- $0.82
-
5395 Modena Drive Las Vegas, NV 1
- 4 beds 1 baths ∙ 2,128 Sqft ∙ Built 1978 4 beds 1 baths ∙ 2,128 Sqft ∙ Built 1978
LEASED 03/06/20- Rent
- Rent Per SQFT
- $1,550
- $0.73
-
5248 Rambling Las Vegas, NV 2
- 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,074 Sqft ∙ Built 1979
LEASED 08/05/20- Rent
- Rent Per SQFT
- $1,600
- $0.77
-
3319 Palmdesert Way #0 Las Vegas, NV 3
- 4 beds 2 baths ∙ 2,065 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,065 Sqft ∙ Built 1986
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,850
- $0.90
-
3656 Braewood North Avenue Las Vegas, NV 5
- 4 beds 2 baths ∙ 2,317 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,317 Sqft ∙ Built 1975
LEASED 09/06/19- Rent
- Rent Per SQFT
- $2,000
- $0.86
PROPERTY LISTING DETAILS
1.702.769.6744
Galindo Group Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224210
Last Updated: 08/24/2020
