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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $142.72
- 2 Days on Market
- MLS # : 2263356
- Updated Date : 01/23/2021 at 23:30
CONSTRUCTION
- Beds : 4
- Floor Size : 3,818 sqft
- Baths : 4 full
Listing Agent
Listing Masters Llc
Listing Agent's Description
Gorgeous home in a great location in the NW valley. Come take a look at this 4 bedroom 4 bath 3,818 sq ft home. Beautiful spacious layout with large rooms. Walk inside to vaulted ceilings, dining & living room combo and lovely staircase. Large family room is open to an upgraded kitchen with granite counter tops, stainless steel appliances, island, hardwood floors & nook. Off of the family room is a bedroom/den combo with custom built in cabinets and walk in closet. Upstairs includes the large master suite with a large sitting room. Master bath includes his/her sinks, garden tub, large walk in shower and walk in closet. There are also two 2 bedrooms with walk in closets and a jack & jill bathroom. Large backyard has synthetic grass and a concrete pad with a gazebo and a dog run. Community features a large greenbelt with a walking path & mountain views. Community backs up to the Tule Springs Fossil Beds National park with hiking trails.
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: Carmel Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Carmel Canyon
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,630 |
| EXPENSES | Loan Payment | -$1,893 |
| Property Tax | -$421 | |
| Property Insurance | -$101 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$97
|
||
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.
$544,900
PROJECTED PRICE
$2,630
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.6% |
| 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
$150,149
LOAN DETAILS
$1,893
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $136,225 |
| Loan Amount | $408,675 |
6.67
YEARS SAVED
$43,947
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,630
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$3,182
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
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- Rent Per SQFT
- $2,630
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6159 Villa De Picasso Avenue Las Vegas, NV 2
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LEASED 12/17/19- Rent
- Rent Per SQFT
- $2,650
- $0.76
-
5810 Majestic Tide Avenue Las Vegas, NV 3
- 5 beds 3 baths ∙ 3,596 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,596 Sqft ∙ Built 2001
LEASED 11/25/19- Rent
- Rent Per SQFT
- $3,000
- $0.83
-
8412 Myerlee Court Las Vegas, NV 4
- 5 beds 4 baths ∙ 3,854 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,854 Sqft ∙ Built 2006
LEASED 12/09/19- Rent
- Rent Per SQFT
- $3,500
- $0.91
PROPERTY LISTING DETAILS
1.702.582.7032
Listing Masters Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2263356
Last Updated: 01/23/2021
