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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $241.03
- 7 Days on Market
- MLS # : 2248565
- Updated Date : 11/16/2020 at 10:42
CONSTRUCTION
- Beds : 2
- Floor Size : 1,265 sqft
- Baths : 2 full
Listing Agent
Rhodes Ranch Realty
Listing Agent's Description
This immaculate and inviting home in Lake Las Vegas comes fully furnished and offers 2 bedrooms, 2 bathrooms, and 1 car garage. Featuring tons of upgrades: gorgeous travertine tile flooring, granite kitchen counters, stainless steel appliances, fireplace in living room, upgraded cabinetry in kitchen and bathrooms, and spectacular views! Nestled in "V" at Lake Las Vegas, this gated enclave has impressive high-end amenities, Pools, Barbecues, Grottos, fitness center, and much more included with ownership. Property is situated within walking distance to Reflection Bay Public Golf Course and the Westin Hotel. The community is noted for the many water sports that take place on Private Lake Las Vegas and where dining is enjoyed at the Village. There are tons of hiking and biking trails at your disposal. This is a must see.
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
Neighborhood: Lake Las Vegas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Las Vegas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,350 |
| EXPENSES | Loan Payment | -$1,125 |
| Property Tax | -$421 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$633
|
||
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.
$304,900
PROJECTED PRICE
$2,350
PROJECTED RENT
0.77%
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
$86,549
LOAN DETAILS
$1,125
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $76,225 |
| Loan Amount | $228,675 |
14.75
YEARS SAVED
$86,079
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,350
LIST RENT -
$1.86
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
6 Via Vasari #106 Henderson, NV
- 2 beds 2 baths ∙ 1,265 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,265 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $2,350
- $1.86
PROPERTY LISTING DETAILS
1.702.743.9916
Rhodes Ranch Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2248565
Last Updated: 11/16/2020
