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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $147.54
- 2 Days on Market
- MLS # : 2266114
- Updated Date : 02/07/2021 at 02:18
CONSTRUCTION
- Beds : 4
- Floor Size : 1,830 sqft
- Baths : 2 full , 1 half
Listing Agent
La Real Estate Group
Listing Agent's Description
Great two story home nestled at the end of the cul-de-sac. This property features wood laminate flooring throughout, a formal living & dining room upon entrance and family room off of the kitchen. Kitchen with tile countertops, wood laminate flooring and a garden window looking out to the back yard. Four bedrooms plus a loft with built in cabinets. Large backyard with storage shed and covered patio is a blank canvas for your vision. Don't miss out.
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: Sunrise Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunrise Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$938 |
| Property Tax | -$169 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$281
|
||
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.
$269,999
PROJECTED PRICE
$1,570
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 12.8% |
| 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
$77,300
LOAN DETAILS
$938
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,500 |
| Loan Amount | $202,499 |
10.67
YEARS SAVED
$42,838
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,537
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
5765 Kristen Lee Court Las Vegas, NV 4
- 4 beds 3 baths ∙ 1,830 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,830 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,570
- $0.86
-
5832 Butterum Court Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1986
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,340
- $0.85
-
5843 Sutcliffe Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,718 Sqft ∙ Built 1986
LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,450
- $0.84
-
6137 Kadena Circle Las Vegas, NV 3
- 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,892 Sqft ∙ Built 1995
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,550
- $0.82
-
534 Laughlin Way Las Vegas, NV 5
- 4 beds 3 baths ∙ 1,982 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,982 Sqft ∙ Built 1984
LEASED 02/06/21- Rent
- Rent Per SQFT
- $1,675
- $0.85
PROPERTY LISTING DETAILS
1.702.497.3730
La Real Estate Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2266114
Last Updated: 02/07/2021
