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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $291.34
- 3 Days on Market
- MLS # : 2271499
- Updated Date : 02/20/2021 at 16:18
CONSTRUCTION
- Beds : 4
- Floor Size : 2,643 sqft
- Baths : 3 full , 1 half
Listing Agent
Swg Realty Group
Listing Agent's Description
Perched up on the mountain, this home on Heaven View has it all; a pool, 3 car garage, downstairs master, & a huge open concept kitchen in the gated Summerlin community of Cielo. Main level provides a guest bedroom with a full ensuite bathroom, an additional guest 1/2 bath, a den/office space, large kitchen with wine fridge, slider wall doors that take you to the covered patio and sparkling pool! Master bedroom is downstairs with a dual sinks, large master closet with custom built ins. Upstairs provides 2 additional bedrooms and a full bath. Both upstairs bedrooms and large closets and mountain views! Gated community with playground, walking trails, and hiking trails! Your perfect Summerlin Home is ready to move in to today!
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: The Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,900 |
| EXPENSES | Loan Payment | -$2,674 |
| Property Tax | -$483 | |
| Property Insurance | -$78 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$454
|
||
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.
$769,999
PROJECTED PRICE
$2,900
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 7.7% |
| 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
$209,800
LOAN DETAILS
$2,674
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $192,500 |
| Loan Amount | $577,499 |
2.67
YEARS SAVED
$16,497
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,900
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$2,669
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
5874 Heaven View Drive Las Vegas, NV 5
- 4 beds 4 baths ∙ 2,643 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,643 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $2,900
- $1.10
-
10474 Lyric Arbor Drive Las Vegas, NV 1
- 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2008
LEASED 10/27/20- Rent
- Rent Per SQFT
- $2,400
- $0.93
-
10302 Kesington Drive Las Vegas, NV 2
- 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 2017
LEASED 10/30/20- Rent
- Rent Per SQFT
- $2,495
- $1.02
-
5787 Mesa Mountain Drive Las Vegas, NV 3
- 4 beds 4 baths ∙ 2,573 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,573 Sqft ∙ Built 2013
LEASED 10/09/20- Rent
- Rent Per SQFT
- $2,800
- $1.09
-
5677 Mesa Mountain Drive Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 2012
LEASED 02/10/21- Rent
- Rent Per SQFT
- $2,800
- $1.00
PROPERTY LISTING DETAILS
1.702.480.9131
Swg Realty Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271499
Last Updated: 02/20/2021
