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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $152.53
- 2 Days on Market
- MLS # : 2248365
- Updated Date : 11/14/2020 at 18:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,229 sqft
- Baths : 2 full , 1 half
Listing Agent
Signature Real Estate Group
Listing Agent's Description
This is the one you've been waiting for. Walk into a beautiful spacious home with high ceiling's the moment you open the door. Gorgeous laminate wood flooring through out. Massive kitchen with center island & dual staircase makes for a perfect floor plan. Low maintenance backyard, extremely well kept home. Incredible curb appeal & corner lot. You don't want to miss this one!
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: Novak and Azure
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Novak and Azure
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$274 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$247
|
||
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.
$339,999
PROJECTED PRICE
$1,470
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 13.6% |
| 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
$95,850
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,000 |
| Loan Amount | $254,999 |
2.33
YEARS SAVED
$6,556
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,470
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$1,594
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
6205 Grace Mountain Street Las Vegas, NV 1
- 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,470
- $0.66
-
4513 Silverado Sage Avenue North Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,229 Sqft ∙ Built 2006
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,600
- $0.72
-
5837 Middle Rock Street North Las Vegas, NV 3
- 3 beds 3 baths ∙ 2,232 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,232 Sqft ∙ Built 2018
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.74
-
5852 Fox Hair Street North Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2018
LEASED 06/25/20- Rent
- Rent Per SQFT
- $1,699
- $0.70
-
5917 Galway Bay Street North Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2016
LEASED 11/21/19- Rent
- Rent Per SQFT
- $1,700
- $0.70
PROPERTY LISTING DETAILS
1.702.913.3044
Signature Real Estate Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2248365
Last Updated: 11/14/2020
