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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $190.76
- 6 Days on Market
- MLS # : 2272491
- Updated Date : 02/26/2021 at 04:53
CONSTRUCTION
- Beds : 3
- Floor Size : 1,570 sqft
- Baths : 2 full , 1 half
Listing Agent
Signature Real Estate Group
Listing Agent's Description
**RANCH HOUSE ESTATES SUBDIVISION POPULAR FLOORPLAN*WONDERFUL 3 BEDROOM 2 CAR GARAGE HOME WITH MASTER BEDROOM DOWNSTAIRS*LARGE BACKYARD WITH BLANK CANVAS*1ST LEVEL AND STAIRS WITH NEWER WOODLIKE FLOORING*THE LIVING ROOM OPENS UP TO THE 2ND LEVEL TO CREATE A VERY SPACIOUS LIVING AREA*THE SECOND LEVEL HAS THE 2 BEDROOMS A FULL BATHROOM AND A GREAT LOFT*PLENTY OF PARKING OUT FRONT AND LOTS OF SPACE TO PLAY WITH IN FRONT AND BACK**
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: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$1,040 |
| Property Tax | -$190 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$43
|
||
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.
$299,500
PROJECTED PRICE
$1,450
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.3% |
| 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
$85,118
LOAN DETAILS
$1,040
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,875 |
| Loan Amount | $224,625 |
6.58
YEARS SAVED
$23,760
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,444
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
6101 Bardstown Drive Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,570 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,570 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,450
- $0.92
-
7554 Glowing Ember Court #201 Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1998
LEASED 10/12/20- Rent
- Rent Per SQFT
- $1,295
- $0.90
-
7501 Hickory Hills Drive #0 Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,570 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,570 Sqft ∙ Built 1996
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,425
- $0.91
-
6101 Bardstown Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,570 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,570 Sqft ∙ Built 1998
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,450
- $0.92
-
7509 Jockey Avenue Las Vegas, NV 5
- 3 beds 3 baths ∙ 1,570 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,570 Sqft ∙ Built 1997
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,495
- $0.95
PROPERTY LISTING DETAILS
1.702.245.8569
Signature Real Estate Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2272491
Last Updated: 02/26/2021
