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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $180.85
- 4 Days on Market
- MLS # : 2252292
- Updated Date : 12/04/2020 at 11:32
CONSTRUCTION
- Beds : 5
- Floor Size : 3,096 sqft
- Baths : 2 full
Listing Agent
Resolution Realty
Listing Agent's Description
*Exquisite 2-story in lovely gated Setona of Southern Highlands where opulence abounds! Super chic attention to detail throughout such as stone accent walls well placed throughout areas of the home*Cathedral ceiling in living room and over grand staircase have the wow factor!*Gorgeous porcelain tile thru-out downstairs high traffic areas/crown moulding & thick baseboards throughout home*Outstanding kitchen has glass backsplash/stainless appliances that stay/marble counter tops/island/custom cabinets/farmhouse sink*Access through French doors leads you to the backyard w/covered patio/pavers/pool & spa, & offers a great space for entertaining*Five bedrooms, one down, all have gorgeous wood laminate flooring/ceilings fans and are spacious*Fantastic balcony off of spacious master bedroom*Beautiful attention to detail in master and secondary bathrooms w/custom showers & counters*Fabulous walk-in closet in master bedroom fit for a queen!*First floor laundry room has sink & cabinets*Show me!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Southern Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southern Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$2,066 |
| Property Tax | -$307 | |
| Property Insurance | -$87 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$669
|
||
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.
$559,900
PROJECTED PRICE
$1,910
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| 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
$154,124
LOAN DETAILS
$2,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $139,975 |
| Loan Amount | $419,925 |
0.67
YEARS SAVED
$1,838
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$0.62
LIST RENT PER SQFT
-
$2,074
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
-
5822 Ivy Vine Court Las Vegas, NV 1
- 5 beds 2 baths ∙ 3,096 Sqft ∙ Built 2002 5 beds 2 baths ∙ 3,096 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,910
- $0.62
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11113 Prado Del Rey Las Vegas, NV 2
- 4 beds 2 baths ∙ 2,953 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,953 Sqft ∙ Built 2002
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,950
- $0.66
-
10792 Vineyard Pass Street #0 Las Vegas, NV 3
- 5 beds 3 baths ∙ 3,096 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,096 Sqft ∙ Built 2002
LEASED 05/20/20- Rent
- Rent Per SQFT
- $2,000
- $0.65
-
5844 Lazy Days Court Las Vegas, NV 4
- 5 beds 3 baths ∙ 3,096 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,096 Sqft ∙ Built 2002
LEASED 03/11/20- Rent
- Rent Per SQFT
- $2,095
- $0.68
-
5138 Andriano Court Las Vegas, NV 5
- 4 beds 3 baths ∙ 3,060 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,060 Sqft ∙ Built 2002
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,100
- $0.69
PROPERTY LISTING DETAILS
1.702.800.5054
Resolution Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2252292
Last Updated: 12/04/2020
