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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $197.27
- 3 Days on Market
- MLS # : 2248389
- Updated Date : 11/14/2020 at 20:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,318 sqft
- Baths : 1 full
Listing Agent
O48 Realty
Listing Agent's Description
Absolutely stunning 1 story 3 bedroom 2 bath home with a large backyard perfect for entertaining! As you enter the home first thing you will notice is the open layout of the living area and the vaulted ceiling with a cozy fireplace as well. Tile throughout most of the home with carpet in the bedrooms. Ceiling fans throughout all the bedrooms as well as the living room and covered patio outside. Both bathrooms include granite countertops. The kitchen features recessed lighting with plenty of countertop and cabinet space. Once you enter the backyard you will find that it has ample space for entertaining with two separate covered patios, pavers, beautiful landscaping, and a storage shed. MUST SEE IN PERSON TO TRULY APPRECIATE.
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: Sunrise Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunrise Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,100 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$158 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$189
|
||
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.
$260,000
PROJECTED PRICE
$1,100
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 12.8% |
| 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
$74,650
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
2.33
YEARS SAVED
$4,720
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,100
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,236
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
6183 Morning Splendor Way Las Vegas, NV 1
- 3 beds 1 baths ∙ 1,318 Sqft ∙ Built 1988 3 beds 1 baths ∙ 1,318 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $1,100
- $0.83
-
6023 Notre Dame Avenue Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 1999
LEASED 05/04/20- Rent
- Rent Per SQFT
- $1,250
- $0.89
-
1642 Buck Island Street #na Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,309 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,309 Sqft ∙ Built 2004
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,250
- $0.95
-
5925 Hudson Woods Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,310 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,310 Sqft ∙ Built 2004
LEASED 06/11/20- Rent
- Rent Per SQFT
- $1,300
- $0.99
-
2073 Arivada Ferry Court #102 Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 2008
LEASED 11/07/20- Rent
- Rent Per SQFT
- $1,350
- $0.92
PROPERTY LISTING DETAILS
1.702.813.7872
O48 Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2248389
Last Updated: 11/14/2020
