Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $188.43
- 3 Days on Market
- MLS # : 2271579
- Updated Date : 02/20/2021 at 01:30
CONSTRUCTION
- Beds : 4
- Floor Size : 1,828 sqft
- Baths : 2 full
Listing Agent
City National Properties
Listing Agent's Description
Almost brand new home. seller installed gavel and pavers in the back yard. beautiful granite counter tops, tile in all traffic areas. beautiful community with very nice maintained park.
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: 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 | $1,660 |
| EXPENSES | Loan Payment | -$1,196 |
| Property Tax | -$264 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$19
|
||
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.
$344,444
PROJECTED PRICE
$1,660
PROJECTED RENT
0.48%
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
$97,028
LOAN DETAILS
$1,196
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,111 |
| Loan Amount | $258,333 |
5.5
YEARS SAVED
$20,604
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,494
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
5736 Swan Bridge Street North Las Vegas, NV 5
- 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $1,660
- $0.91
-
3942 Gaster Avenue North Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 2006
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,400
- $0.79
-
3725 Stowe Creek Avenue North Las Vegas, NV 2
- 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 2004
LEASED 08/07/20- Rent
- Rent Per SQFT
- $1,495
- $0.78
-
6044 Salsbury Cove Drive North Las Vegas, NV 3
- 4 beds 2 baths ∙ 1,985 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,985 Sqft ∙ Built 2004
LEASED 12/30/20- Rent
- Rent Per SQFT
- $1,595
- $0.80
-
4208 Seclusion Bay Avenue North Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 2017
LEASED 01/07/21- Rent
- Rent Per SQFT
- $1,600
- $0.90
PROPERTY LISTING DETAILS
1.702.807.5577
City National Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271579
Last Updated: 02/20/2021
