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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $194.35
- 3 Days on Market
- MLS # : 2258575
- Updated Date : 01/02/2021 at 23:44
CONSTRUCTION
- Beds : 2
- Floor Size : 1,646 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Premier
Listing Agent's Description
HARD TO FIND POOL HOME! ADORABLE SINGLE STORY RANCH HOME WITH SOLAR HEATED POOL AND SPA! SPEND YOUR SUMMER DAYS COOLING OFF IN YOUR PRIVATE POOL IN YOUR BACKYARD OASIS. LOCATED ON A CORNER LOT IN AN ALL SINGLE STORY NEIGHBORHOOD THE YARD HAS PRIVACY SO MANY OTHERS ARE LACKING. THIS HOME HAS THAT OPEN FLOORPLAN EVERYONE IS LOOKING FOR WITH SOARING VAULTED CEILINGS, WOOD FLOORS & SHUTTERS. INCLUDES A FIREPLACE FOR THOSE CHILLY WINTER DAYS. KITCHEN HAS POPULAR WHITE CABINETS, GRANITE COUNTERS, A BREAKFAST BAR & NOOK. DEN/FRONT LIVING ROOM CAN BE CONVERTED TO BEDROOM 3. NESTLED BETWEEN THE RAPIDLY GROWING DECATUR & 215 AREA BY THE LAS VEGAS/NORTH LAS VEGAS BORDER AND THE MASTERPLAN ALIANTE YOU'LL BE NEAR ALL OF THE NEW SHOPPING, PARKS & RESTAURANTS! CONVENIENT SHORT DISTANCE FROM 95 & 215 FREEWAYS.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Tropical Breeze
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tropical Breeze
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$1,180 |
| Property Tax | -$241 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$40
|
||
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.
$319,900
PROJECTED PRICE
$1,640
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 13.1% |
| 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
$90,524
LOAN DETAILS
$1,180
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
6.5
YEARS SAVED
$28,963
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,477
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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3508 Hazelnut Pine Place #2 North Las Vegas, NV 1
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- Rent Per SQFT
- $1,200
- $0.90
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4529 Roaming Vines Street #2061 North Las Vegas, NV 2
- 2 beds 3 baths ∙ 1,430 Sqft ∙ Built 2017 2 beds 3 baths ∙ 1,430 Sqft ∙ Built 2017
LEASED 12/06/20- Rent
- Rent Per SQFT
- $1,300
- $0.91
-
2010 Pink Coral Drive North Las Vegas, NV 3
- 2 beds 2 baths ∙ 1,597 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,597 Sqft ∙ Built 2003
LEASED 05/20/20- Rent
- Rent Per SQFT
- $1,445
- $0.90
-
5414 Sea Water Way North Las Vegas, NV 4
- 2 beds 2 baths ∙ 1,696 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,696 Sqft ∙ Built 2002
LEASED 07/13/19- Rent
- Rent Per SQFT
- $1,495
- $0.88
PROPERTY LISTING DETAILS
1.702.460.0795
Coldwell Banker Premier
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2258575
Last Updated: 01/02/2021
