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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $161.11
- 9 Days on Market
- MLS # : 2270136
- Updated Date : 02/20/2021 at 01:56
CONSTRUCTION
- Beds : 4
- Floor Size : 2,296 sqft
- Baths : 3 full
Listing Agent
Genesis Realty Group
Listing Agent's Description
STUNNING, COMPLETELY REMODELED MODERN TWO STORY WITH TASTEFUL UPGRADES AND AMENITIES. THE SMALL FOYER OPENS TO THE SPACIOUS LIVING ROOM AND FORMAL DINNING ROOM. THE FAMILY ROOM FEATURES YOUR OWN BUILT-IN WET BAR FOR ENTERTAINING. THE KITCHEN FEATURES CUSTOM CABINETS, GRANITE COUNTER TOPS, STAINLESS STEEL HOOD AND APPLIANCES AND GAS COOK TOP. THE POOL SIZED YARD INCLUDE RV GATE AND STAMPED CONCRETE PATIO. ENERGY EFFICIENT SOLAR PANELS HELPS MAKE THIS HOME A GREAT BUY.
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: 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 | $1,610 |
| EXPENSES | Loan Payment | -$1,285 |
| Property Tax | -$211 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$76
|
||
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.
$369,900
PROJECTED PRICE
$1,610
PROJECTED RENT
0.44%
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
$103,774
LOAN DETAILS
$1,285
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,475 |
| Loan Amount | $277,425 |
4.42
YEARS SAVED
$15,547
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$1,642
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
5801 Dew Mist Lane Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $1,610
- $0.70
-
6016 Notre Dame Avenue #0 Las Vegas, NV 1
- 5 beds 3 baths ∙ 2,021 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,021 Sqft ∙ Built 1999
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,395
- $0.69
-
6435 Strongbow Drive Las Vegas, NV 2
- 5 beds 3 baths ∙ 2,122 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,122 Sqft ∙ Built 2005
LEASED 01/22/20- Rent
- Rent Per SQFT
- $1,495
- $0.70
-
1165 Colgate Lane Las Vegas, NV 3
- 5 beds 3 baths ∙ 2,021 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,021 Sqft ∙ Built 2001
LEASED 12/09/19- Rent
- Rent Per SQFT
- $1,500
- $0.74
-
1911 Eskam Street Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 2005
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,550
- $0.73
PROPERTY LISTING DETAILS
1.702.325.3894
Genesis Realty Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2270136
Last Updated: 02/20/2021
