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PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $160.08
- 4 Days on Market
- MLS # : 2265124
- Updated Date : 01/31/2021 at 01:12
CONSTRUCTION
- Beds : 4
- Floor Size : 1,874 sqft
- Baths : 3 full
Listing Agent
Ameropan Realty And Property
Listing Agent's Description
This Mid-century charmer has been Completely Renovated and is a Stunning Single Story Home with 2 super spacious Bedrooms! The house does have Custom Finishes with Stainless steel appliances, Quartz countertop, 5-inch Baseboards, New White Shaker Cabinets, Fresh Paint, black fixtures with modern design, waterproof Laminate Flooring & Custom tile Shower! The fireplace in the living room is adding character to this beautiful space. The backyard has real grass and a cute patio. All this can be yours. Don't miss it!
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
Zip Code: 89108
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 89108
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$110 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$165
|
||
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.
$299,995
PROJECTED PRICE
$1,500
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 11.7% |
| 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
$85,249
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,999 |
| Loan Amount | $224,996 |
8.5
YEARS SAVED
$33,646
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,584
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
5812 Gordon Avenue Las Vegas, NV 3
- 4 beds 3 baths ∙ 1,874 Sqft ∙ Built 1964 4 beds 3 baths ∙ 1,874 Sqft ∙ Built 1964
- Rent
- Rent Per SQFT
- $1,500
- $0.80
-
1012 Shifting Sands Drive #na Las Vegas, NV 1
- 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1984
LEASED 11/14/19- Rent
- Rent Per SQFT
- $1,475
- $0.86
-
6216 Saginaw Drive Las Vegas, NV 2
- 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1984
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,475
- $0.84
-
1316 Winwood Street Las Vegas, NV 4
- 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 1964 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 1964
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,750
- $0.80
-
1832 Hermitage Drive Las Vegas, NV 5
- 3 beds 2 baths ∙ 2,036 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,036 Sqft ∙ Built 1979
LEASED 11/25/20- Rent
- Rent Per SQFT
- $1,795
- $0.88
PROPERTY LISTING DETAILS
1.702.576.4877
Ameropan Realty And Property
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2265124
Last Updated: 01/31/2021
