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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $253.66
- 4 Days on Market
- MLS # : 2266102
- Updated Date : 02/05/2021 at 18:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,025 sqft
- Baths : 2 full
Listing Agent
Urban Nest Realty
Listing Agent's Description
Remodeled beauty in East Las Vegas area with NO HOA! Genuine curb appeal with new rock in front and back. New vinyl plank floors throughout to give that popular wood look. One of a kind kitchen with new fry hood and stainless appliances. New counters, cabinets, wall trim and snazzy back splash. Hanging shelves and garden window to day dream or meditate while cooking or handling dishes. Both bathrooms are uniquely customized with cabinets, counters, lighting, and shelving. New AC unit on roof in 2019 ($8k). Spacious yard with fire pit, running pond and goldfish, with NO rear neighbors. Separate laundry room with shelving for your needs. This cozy little home has an ample amount of natural light and is conveniently located near schools, shopping, and the I-95.
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 | $1,120 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$114 | |
| Property Insurance | -$47 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$63
|
||
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.
$260,000
PROJECTED PRICE
$1,120
PROJECTED RENT
0.43%
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
$74,650
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
4.5
YEARS SAVED
$10,924
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,120
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$871
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
5770 Odessa Drive Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,025 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,025 Sqft ∙ Built 1988
![property image]()
- Rent
- Rent Per SQFT
- $1,120
- $1.09
-
5655 Sahara Avenue #2012 Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 2001
![property image]()
LEASED 11/11/19- Rent
- Rent Per SQFT
- $1,100
- $0.85
-
5650 Sahara Avenue #2049 Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 2002
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,100
- $0.85
PROPERTY LISTING DETAILS
1.702.376.7123
Urban Nest Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2266102
Last Updated: 02/05/2021
