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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $207.72
- 2 Days on Market
- MLS # : 2274699
- Updated Date : 03/06/2021 at 23:30
CONSTRUCTION
- Beds : 3
- Floor Size : 3,033 sqft
- Baths : 2 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Beautifully maintained Northwest home, situated on a .5 acre lot, in a private, gated cul--de-sac, w/only 8 total homes! Formal entry w/dramatic volume ceiling, new custom 2-tone paint, new carpet, ceiling fans & 2 inch blinds T/O! Lrg formal living room & lrg formal dining room also have vaulted ceilings, giving them an even much larger feel! The spacious family room has a cozy fireplace and is right off of the kitchen, which is great for entertaining! The kitchen features granite countertops, island, built-in microwave, double built in ovens, and generous cabinet space! There is an office w/French doors downstairs, & upstairs features the primary bedroom w/balcony, a huge loft, and 2 secondary bedrooms, all w/vaulted ceilings! The primary bathroom and bathroom #2 have been fully remodeled! The primary bathroom has a huge walk in shower w/ a tub inside w/body sprays! The huge yard features a lrg patio cover, a beautiful pool & spa w/waterfall, and double RV gates w/RV hookups.
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: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,660 |
| EXPENSES | Loan Payment | -$2,188 |
| Property Tax | -$441 | |
| Property Insurance | -$86 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$174
|
||
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.
$630,000
PROJECTED PRICE
$2,660
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.3% |
| 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
$172,700
LOAN DETAILS
$2,188
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $157,500 |
| Loan Amount | $472,500 |
4.33
YEARS SAVED
$26,607
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,660
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,707
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
5640 Coe Estates Court Las Vegas, NV 2
- 3 beds 3 baths ∙ 3,033 Sqft ∙ Built 2004 3 beds 3 baths ∙ 3,033 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $2,660
- $0.88
-
7912 Canley Avenue Las Vegas, NV 1
- 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2000
LEASED 08/28/20- Rent
- Rent Per SQFT
- $2,400
- $0.86
-
4556 Clay Peak Drive Las Vegas, NV 3
- 3 beds 3 baths ∙ 3,293 Sqft ∙ Built 1998 3 beds 3 baths ∙ 3,293 Sqft ∙ Built 1998
LEASED 10/11/19- Rent
- Rent Per SQFT
- $2,800
- $0.85
-
4779 Laurel Canyon Street Las Vegas, NV 4
- 4 beds 4 baths ∙ 3,048 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,048 Sqft ∙ Built 2002
LEASED 11/22/19- Rent
- Rent Per SQFT
- $2,800
- $0.92
-
6345 Juliano Road Las Vegas, NV 5
- 4 beds 4 baths ∙ 3,095 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,095 Sqft ∙ Built 1992
LEASED 06/21/20- Rent
- Rent Per SQFT
- $2,900
- $0.94
PROPERTY LISTING DETAILS
1.702.460.9355
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2274699
Last Updated: 03/06/2021
