Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $156.25
- 3 Days on Market
- MLS # : 2271503
- Updated Date : 02/20/2021 at 02:30
CONSTRUCTION
- Beds : 5
- Floor Size : 3,040 sqft
- Baths : 2 full
Listing Agent
Rustic Properties
Listing Agent's Description
4 CAR GARAGE, 5 bedrooms with balcony!! MASSIVE backyard perfect for entertaining!! Stainless steel kitchen appliances! Gas fireplace in family room!! Den downstairs with plenty of space!! Huge master bedroom upstairs with access to balcony! Dual vanity sinks and large soaking tub! Come see today! Wont last long!
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: El Dorado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: El Dorado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,100 |
| EXPENSES | Loan Payment | -$1,650 |
| Property Tax | -$340 | |
| Property Insurance | -$86 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$95
|
||
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.
$475,000
PROJECTED PRICE
$2,100
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 8.8% |
| 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
$131,625
LOAN DETAILS
$1,650
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
4.58
YEARS SAVED
$22,063
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,100
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$2,280
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
6117 Starpoint Road North Las Vegas, NV 1
- 5 beds 2 baths ∙ 3,040 Sqft ∙ Built 1999 5 beds 2 baths ∙ 3,040 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $2,100
- $0.69
-
6548 Candleglade Court North Las Vegas, NV 2
- 5 beds 2 baths ∙ 3,173 Sqft ∙ Built 2005 5 beds 2 baths ∙ 3,173 Sqft ∙ Built 2005
LEASED 03/23/20- Rent
- Rent Per SQFT
- $2,175
- $0.69
-
6437 Diamond Point Court North Las Vegas, NV 3
- 4 beds 3 baths ∙ 3,092 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,092 Sqft ∙ Built 2005
LEASED 12/10/20- Rent
- Rent Per SQFT
- $2,285
- $0.74
-
6512 Claystone Creek Court North Las Vegas, NV 4
- 4 beds 2 baths ∙ 3,233 Sqft ∙ Built 2015 4 beds 2 baths ∙ 3,233 Sqft ∙ Built 2015
LEASED 08/06/20- Rent
- Rent Per SQFT
- $2,495
- $0.77
-
910 Hollowbluff Avenue North Las Vegas, NV 5
- 4 beds 3 baths ∙ 3,105 Sqft ∙ Built 1992 4 beds 3 baths ∙ 3,105 Sqft ∙ Built 1992
LEASED 02/11/21- Rent
- Rent Per SQFT
- $2,499
- $0.80
PROPERTY LISTING DETAILS
1.702.551.4381
Rustic Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271503
Last Updated: 02/20/2021
