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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $204.24
- 2 Days on Market
- MLS # : 2256852
- Updated Date : 12/19/2020 at 21:30
CONSTRUCTION
- Beds : 2
- Floor Size : 1,885 sqft
- Baths : 2 full
Listing Agent
Homesmart Encore
Listing Agent's Description
55+ Guard Gated. Resort Style Living. Close to State of the Art VA Hospital. True Pride of Ownership. 2BR and Den with Double Glass Doors - Easily 3rd BR. Entertainers Oasis - Huge Island with Built in Wine Fridge, Upgraded White Cabinets, Gorgeous Granite Counters, S/S Appliances. Tons of Counter and Storage space makes this home a Chefs Delight. Garden Window. Huge Great Room. Slider opens out to the extended covered Patio. 2 Pools, Gym, Steam Room, Pickle Ball, Tennis, Bocce, Putting Greens, Pet Park. Social Calendar
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: North Las Vegas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Las Vegas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$1,420 |
| Property Tax | -$325 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$248
|
||
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.
$385,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.44%
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
$107,775
LOAN DETAILS
$1,420
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
2.42
YEARS SAVED
$7,394
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,684
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
5625 Sagamore Canyon Street North Las Vegas, NV 4
- 2 beds 2 baths ∙ 1,885 Sqft ∙ Built 2016 2 beds 2 baths ∙ 1,885 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $1,680
- $0.89
-
3613 Citrus Heights Avenue #0 North Las Vegas, NV 1
- 2 beds 2 baths ∙ 1,699 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,699 Sqft ∙ Built 2006
LEASED 07/15/19- Rent
- Rent Per SQFT
- $1,300
- $0.77
-
3645 Starlight Ranch Avenue North Las Vegas, NV 2
- 2 beds 2 baths ∙ 1,898 Sqft ∙ Built 2017 2 beds 2 baths ∙ 1,898 Sqft ∙ Built 2017
LEASED 02/18/20- Rent
- Rent Per SQFT
- $1,650
- $0.87
-
5641 Keystone Crest Street North Las Vegas, NV 3
- 2 beds 2 baths ∙ 1,592 Sqft ∙ Built 2017 2 beds 2 baths ∙ 1,592 Sqft ∙ Built 2017
LEASED 10/16/20- Rent
- Rent Per SQFT
- $1,650
- $1.04
PROPERTY LISTING DETAILS
1.702.556.7842
Homesmart Encore
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256852
Last Updated: 12/19/2020
