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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $196.23
- 12 Days on Market
- MLS # : 2259864
- Updated Date : 01/14/2021 at 02:27
CONSTRUCTION
- Beds : 3
- Floor Size : 1,274 sqft
- Baths : 1 full
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
CHECK OUT THIS GREAT ONE-STORY RANCH-LIKE HOME WITH NO HOA COSTS! 3 BEDROOMS AND 2 BATHROOMS. THIS HOME SITS ON AN OVERSIZED / POOL SIZED LOT! IT'S LOCATED ON A CORNER LOT AND HAS PLENTY OF ROOM FOR ALL OF YOUR TOYS. THERE COULD BE PLENTY OF ROOM TO EXPAND. THE BACKYARD IS FULLY FENCED IN WITH BLOCK AND THE PROPERTY HAS A PATIO COVERING THE FULL LENGTH OF THE HOUSE! THERE'S ROOM FOR YOUR RV / BOAT AND AN AREA THAT YOU CAN PULL RIGHT IN THROUGH YOUR BACKYARD.ENJOY COOK-OUTS WITH A BUILT-IN BBQ AREA. THE HOME HAS BEEN UPDATED AND CONTAINS HARD FLOORS / TILE THROUGHOUT. HEAT UP THE HOME IN OUR COLDER MONTHS WITH A WARM WOOD-BURNING FIREPLACE W/ ROCK DECOR AROUND THE CHIMNEY. MANY POSSIBILITIES ARE AWAITING YOUR PERSONAL TOUCHES! A GREAT HOUSE. WITH SOLID BONES! CLOSE TO SHOPPING, CSN CHARLESTON CAMPUS, STARBUCKS, WALGREENS AND SO MUCH MORE!
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: Torrey Pines Preservation
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Torrey Pines Preservation
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,270 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$92 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$138
|
||
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.
$250,000
PROJECTED PRICE
$1,270
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 13.5% |
| 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
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
8.5
YEARS SAVED
$27,978
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,270
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,325
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
6457 Evergreen Avenue Las Vegas, NV 4
- 3 beds 1 baths ∙ 1,274 Sqft ∙ Built 1962 3 beds 1 baths ∙ 1,274 Sqft ∙ Built 1962
- Rent
- Rent Per SQFT
- $1,270
- $1.00
-
5908 Heron Avenue Las Vegas, NV 1
- 3 beds 1 baths ∙ 1,178 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,178 Sqft ∙ Built 1961
LEASED 01/11/20- Rent
- Rent Per SQFT
- $1,250
- $1.06
-
5905 Shawnee Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1960
LEASED 04/03/20- Rent
- Rent Per SQFT
- $1,250
- $1.03
-
6216 Bannock Las Vegas, NV 3
- 3 beds 1 baths ∙ 1,274 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,274 Sqft ∙ Built 1961
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,250
- $0.98
-
6233 Bristol Way Las Vegas, NV 5
- 3 beds 1 baths ∙ 1,274 Sqft ∙ Built 1961 3 beds 1 baths ∙ 1,274 Sqft ∙ Built 1961
LEASED 10/20/20- Rent
- Rent Per SQFT
- $1,395
- $1.09
PROPERTY LISTING DETAILS
1.702.860.7929
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2259864
Last Updated: 01/14/2021
