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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $167.96
- 3 Days on Market
- MLS # : 2265943
- Updated Date : 02/06/2021 at 22:41
CONSTRUCTION
- Beds : 4
- Floor Size : 2,971 sqft
- Baths : 2 full , 1 half
Listing Agent
Huntington & Ellis, A Real Est
Listing Agent's Description
Beautiful 4 bedroom home with many upgrades & features. Spacious & airy kitchen with a huge island with seating, granite tops, laminate flooring, recessed lighting, and opens to family room. Great for entertaining. Formal Dining and living spaces in the front of the property. Spacious game room/ loft found at the top of the stairs. Grand primary suite with huge walk in closet & stunning oversize shower. Beautiful and mature backyard is equipped with synthetic grass & covered patio.
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: Coronado Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Coronado Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,220 |
| EXPENSES | Loan Payment | -$1,733 |
| Property Tax | -$322 | |
| Property Insurance | -$85 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$39
|
||
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.
$499,000
PROJECTED PRICE
$2,220
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.3% |
| 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
$137,985
LOAN DETAILS
$1,733
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,750 |
| Loan Amount | $374,250 |
5.42
YEARS SAVED
$28,588
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,220
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$2,221
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
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- $2,175
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6323 White Heron Las Vegas, NV 5
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LEASED 04/27/20- Rent
- Rent Per SQFT
- $2,500
- $0.84
PROPERTY LISTING DETAILS
1.702.803.3527
Huntington & Ellis, A Real Est
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2265943
Last Updated: 02/06/2021
