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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $181.72
- 4 Days on Market
- MLS # : 2259747
- Updated Date : 01/08/2021 at 11:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,362 sqft
- Baths : 2 full
Listing Agent
Compass Realty & Management, L
Listing Agent's Description
3 bed, 3bath home in a cul-de-sac. One full bathroom and one bedroom downstairs. Laundry room, master bedroom, and third bedroom upstairs! Double sink master bathroom along with a walk in closet. Custom stair railings. Carpet installed in the last six months, as well as flooring. Move in ready home in a gated community. Remote access to gate, pool, gym & clubhouse. Located near schools, Henderson Hospital, Sam Boyd Stadium, Galleria Mall, and the 95 & 215.
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
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 | $1,330 |
| EXPENSES | Loan Payment | -$860 |
| Property Tax | -$160 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$138
|
||
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.
$247,500
PROJECTED PRICE
$1,330
PROJECTED RENT
0.54%
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
$71,338
LOAN DETAILS
$860
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,875 |
| Loan Amount | $185,625 |
8.33
YEARS SAVED
$26,559
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,330
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,144
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
5610 El Rito Court Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,330
- $0.98
-
5283 Broadlake Lane Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,552 Sqft ∙ Built 2006
LEASED 02/04/20- Rent
- Rent Per SQFT
- $1,295
- $0.83
-
5280 Opal Creek Way #0 Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2006
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,300
- $0.84
-
6972 Smiling Cloud Avenue Henderson, NV 3
- 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2007
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,300
- $0.84
-
5998 Jagged Cut Street #103 Henderson, NV 4
- 3 beds 3 baths ∙ 1,553 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,553 Sqft ∙ Built 2002
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,325
- $0.85
PROPERTY LISTING DETAILS
1.702.978.2215
Compass Realty & Management, L
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2259747
Last Updated: 01/08/2021
