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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $265.69
- 3 Days on Market
- MLS # : 2250854
- Updated Date : 11/27/2020 at 18:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,577 sqft
- Baths : 1 full
Listing Agent
Desert Sun Realty
Listing Agent's Description
Highly Upgraded and Remodeled Del Prado Home with Covered RV Parking. Open and spacious floor plan features an inviting living/dining area with vaulted ceilings, and stone accented fireplace. Gorgeous kitchen with hickory cabinets, crown molding, newer appliances, self-closing drawers, quartz countertops, desk, pantry and more. Large master suite with separate entry to back yard. Spa-like master bath with amazing soaking tub, custom cabinets, tile work and double sinks. Beautiful guest bath with custom walk in shower. Plantation shutters throughout. Fresh paint. Newer Anderson windows and sliding doors! Wide hallways and doors. Charming side patio area. Extra wide RV parking area will accommodate your extra-large Boat/ RV, with power and sewer hookups. Low maintenance landscape and so much more. This home is certainly like a much newer home!
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
Zip Code: 89005
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 89005
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,546 |
| Property Tax | -$168 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$291
|
||
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.
$419,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 7.3% |
| 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
$116,785
LOAN DETAILS
$1,546
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $104,750 |
| Loan Amount | $314,250 |
2.67
YEARS SAVED
$10,553
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,624
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
602 Paloma Drive Boulder City, NV 3
- 3 beds 1 baths ∙ 1,577 Sqft ∙ Built 1988 3 beds 1 baths ∙ 1,577 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $1,600
- $1.01
-
1305 Nadine Way Boulder City, NV 1
- 3 beds 1 baths ∙ 1,365 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,365 Sqft ∙ Built 1979
LEASED 06/17/19- Rent
- Rent Per SQFT
- $1,395
- $1.02
-
808 Cottonwood Cove Street Boulder City, NV 2
- 3 beds 3 baths ∙ 1,578 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,578 Sqft ∙ Built 2007
LEASED 09/28/20- Rent
- Rent Per SQFT
- $1,600
- $1.01
-
1444 Sorrel Boulder City, NV 4
- 4 beds 1 baths ∙ 1,775 Sqft ∙ Built 1974 4 beds 1 baths ∙ 1,775 Sqft ∙ Built 1974
LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,700
- $0.96
-
87 Wyoming Boulder City, NV 5
- 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1987
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,700
- $1.13
PROPERTY LISTING DETAILS
1.702.293.0000
Desert Sun Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2250854
Last Updated: 11/27/2020
