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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $209.16
- 2 Days on Market
- MLS # : 2264895
- Updated Date : 01/30/2021 at 19:12
CONSTRUCTION
- Beds : 3
- Floor Size : 1,506 sqft
- Baths : 2 full
Listing Agent
Blackstone Realty & Pm
Listing Agent's Description
Simply gorgeous 1 story home w/3 bedrooms, 2 baths, 2 car gar & sparkling pool/spa! Over 1500 sq ft, this floor plan includes an eat-in kitchen featuring granite kitchen counters, under-mount stainless steel sink, fusion style faucet, stainless steel appliances w/built-in microwave & abundant storage offered in the new shaker style cabinets w/dual pantries. The kitchen overlooks the open family room accented by a cozy fireplace through the picturesque windows to the rear yard, perfect for entertainment/family time. Laminate wood floors accented by upgraded base boards throughout the living & wet areas w/new carpet in the bedrooms. The spacious owners suite w/rear yard access is separated from the guest bedrooms by the family room & includes a garden soaking tub w/separate rain shower, walk-in closet & dual sink vanity. The guest bedrooms are separated by their own bathroom. The rear yard w/covered patio, includes a storage shed, pool & built-in spa & finished stucco/painted block walls
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: North Las Vegas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Las Vegas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$1,094 |
| Property Tax | -$236 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$5
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$315,000
PROJECTED PRICE
$1,510
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 11.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.50% |
| 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
$89,225
LOAN DETAILS
$1,094
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
5.42
YEARS SAVED
$18,035
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,314
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
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617 Blooming View Avenue North Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,510
- $1.00
-
609 Blooming View Avenue North Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1997
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,300
- $0.86
-
435 Westminster Hall Avenue #2 North Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,447 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,447 Sqft ∙ Built 2006
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,300
- $0.90
-
4226 Inglewood Point Street North Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1997
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,350
- $0.90
-
4305 Braeburn Glen Street #102 North Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 2006
LEASED 11/23/20- Rent
- Rent Per SQFT
- $1,400
- $0.83
PROPERTY LISTING DETAILS
1.702.927.3382
Blackstone Realty & Pm
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2264895
Last Updated: 01/30/2021
