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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $212.48
- 3 Days on Market
- MLS # : 2271415
- Updated Date : 02/20/2021 at 16:20
CONSTRUCTION
- Beds : 3
- Floor Size : 2,339 sqft
- Baths : 1 full , 1 half
Listing Agent
Silver Canyon Realty Inc
Listing Agent's Description
Beautiful custom-built brick home on a half-acre lot. Large rooms with formal dining, living and family rooms. A very well cared for property with lots of natural light, big bedrooms and plantation shutters. Ceramic tile throughout most of interior with carpet at bedrooms. Separate laundry room with stationary wash basin. All appliances included are approximately three years old. Enough room for 4 pools in the private, quiet backyard. Undeveloped land on two sides of the lot. Peach, apple and lime trees as well as lots of mature, manicured landscaping. Large two-car garage has tons of storage. Built-in covered patio at rear yard is well positioned for shade during the summer, and there is plenty of room for entertaining. RV gates already in place to store your boat or RV. Large greenhouse sold as-is but has electricity and irrigation. Conveniently located near resort corridor and the new Raiders stadium. This is a gorgeous, truly unique property with amazing features.
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: Spring Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Spring Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,726 |
| Property Tax | -$272 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$340
|
||
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.
$497,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| 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
$137,455
LOAN DETAILS
$1,726
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,250 |
| Loan Amount | $372,750 |
2.33
YEARS SAVED
$8,353
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 -
$0.79
LIST RENT PER SQFT
-
$2,000
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
5730 Mann Street Las Vegas, NV 1
- 3 beds 2 baths ∙ 2,339 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,339 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,850
- $0.79
-
5112 Torrey Pines Drive Las Vegas, NV 2
- 4 beds 2 baths ∙ 2,276 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,276 Sqft ∙ Built 1989
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,895
- $0.83
-
5239 Autumn Sky Las Vegas, NV 3
- 4 beds 2 baths ∙ 2,481 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,481 Sqft ∙ Built 1989
LEASED 08/24/20- Rent
- Rent Per SQFT
- $2,000
- $0.81
-
5524 Hawley Court Las Vegas, NV 4
- 3 beds 3 baths ∙ 2,510 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,510 Sqft ∙ Built 2001
LEASED 07/20/20- Rent
- Rent Per SQFT
- $2,100
- $0.84
-
5805 Prospector Trail Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 1998
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,250
- $0.94
PROPERTY LISTING DETAILS
1.702.205.8015
Silver Canyon Realty Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271415
Last Updated: 02/20/2021
