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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $178.64
- 8 Days on Market
- MLS # : 2256763
- Updated Date : 12/18/2020 at 18:08
CONSTRUCTION
- Beds : 3
- Floor Size : 2,308 sqft
- Baths : 2 full , 1 half
Listing Agent
Real Estate Consultants Of Nv
Listing Agent's Description
This beautiful MODEL HOME is fully landscaped with a full covered patio, multi-slider ,Upgraded Quartz Countertops, Upgraded Lenox Thermofoil Cabinets with upgraded hardware, with two ribbed glass cabinet doors, upgraded full backsplash, built-in kitchen trash can, Stainless Steel Refrigerator, Upgraded Single Bowl Kitchen Sink, Huge walk in pantry and Valet at niche, Upgraded electrical which includes flat screen pre-wires, recessed lighting, Alarm Pre-wire, ceiling fan pre-wires, USB outlet, Bathrooms include Framed mirrors, upgraded quartz counter tops, upgraded backsplash, upgraded laundry room with sink and upper cabinets and washer and dryer, Upgraded kitchen and bath fixtures, two toned paint, upgraded tile entire downstairs and upgraded carpet pad upstairs. This home is fully furnished and comes with your new home!!!!
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (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 | $1,720 |
| EXPENSES | Loan Payment | -$1,521 |
| Property Tax | -$301 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$293
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$412,305
PROJECTED PRICE
$1,720
PROJECTED RENT
0.42%
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) | 3.00% |
| 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
$111,261
LOAN DETAILS
$1,521
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $103,076 |
| Loan Amount | $309,229 |
2.25
YEARS SAVED
$6,905
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,604
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
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6379 Ashland Crest Street Las Vegas, NV 4
- 3 beds 3 baths ∙ 2,308 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,308 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,720
- $0.75
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4132 Recktenwall Avenue #0 North Las Vegas, NV 1
- 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,483 Sqft ∙ Built 2007
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LEASED 02/05/20- Rent
- Rent Per SQFT
- $1,595
- $0.64
-
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
![property image]()
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,600
- $0.72
-
5852 Fox Hair Street North Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2018
![property image]()
LEASED 06/25/20- Rent
- Rent Per SQFT
- $1,699
- $0.70
-
5908 Beluga Bay North Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2018
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.72
PROPERTY LISTING DETAILS
1.702.596.2040
Real Estate Consultants Of Nv
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256763
Last Updated: 12/18/2020
