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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $182.39
- 3 Days on Market
- MLS # : 2250059
- Updated Date : 11/27/2020 at 06:42
CONSTRUCTION
- Beds : 3
- Floor Size : 1,420 sqft
- Baths : 2 full
Listing Agent
Homesmart Encore
Listing Agent's Description
Wonderful single story home in the highly desirable guard gated 55+ community of Solera inside of the master planned community of Stallion Mountain. This 3 bedroom home features carpet and tile throughout, ceiling fans, and blinds. Large open living room and dining room. Spacious kitchen features plenty of cabinets. Ready for you to call home, all appliances stay! Fully fenced in backyard. Enjoy all the amenities this 55+ community has to offer. Just a short stroll to the gorgeous clubhouse pool, spa, bocce ball exercise room, tennis courts, golf course and more. Check out the fun activity calendar. This home can't be beat at this price - don't miss out schedule a showing today!
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: Stallion Montain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stallion Montain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,240 |
| EXPENSES | Loan Payment | -$956 |
| Property Tax | -$190 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$80
|
||
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.
$259,000
PROJECTED PRICE
$1,240
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 8.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| 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
$74,385
LOAN DETAILS
$956
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,750 |
| Loan Amount | $194,250 |
4.42
YEARS SAVED
$13,061
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,240
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,239
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
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6015 Saddle Horse Avenue Las Vegas, NV 1
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- Rent Per SQFT
- $1,240
- $0.87
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3332 Sheep Canyon Street Las Vegas, NV 2
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LEASED 10/20/20- Rent
- Rent Per SQFT
- $1,350
- $0.87
-
6329 Wild Chive Avenue Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,601 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,601 Sqft ∙ Built 2006
LEASED 09/14/20- Rent
- Rent Per SQFT
- $1,360
- $0.85
-
6221 Eagle Cap Court Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2005
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,395
- $0.90
-
3954 Tanning Street Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2006
LEASED 05/26/20- Rent
- Rent Per SQFT
- $1,500
- $0.87
PROPERTY LISTING DETAILS
1.702.596.7642
Homesmart Encore
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2250059
Last Updated: 11/27/2020
