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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $184.02
- 4 Days on Market
- MLS # : 2261120
- Updated Date : 01/14/2021 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,521 sqft
- Baths : 2 full
Listing Agent
Offerpad
Listing Agent's Description
MOVE IN TODAY! 4 bedroom, single story house in all single story community! Spacious floorplan. NEW interior paint & carpet. Front living room. The kitchen features granite counters, UPDATED cabinets & NEW faucet & SS appliances. Dining area w/NEW chandelier. Master bedrorom has ensuite bath w/tub/shower combo. NEW faucets in both baths. Laundry w/NEW vinyl plank flooring. HVAC & roof repaired. Backyard w/NEW covered patio. In proximity to school, shopping and dining. COME SEE TODAY!
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 | $1,370 |
| EXPENSES | Loan Payment | -$972 |
| Property Tax | -$175 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$47
|
||
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.
$279,900
PROJECTED PRICE
$1,370
PROJECTED RENT
0.49%
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
$79,924
LOAN DETAILS
$972
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
6.33
YEARS SAVED
$20,068
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,350
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
6458 Shining Sand Avenue Las Vegas, NV 3
- 4 beds 2 baths ∙ 1,521 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,521 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,370
- $0.90
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2633 Still Light Street Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 2002
LEASED 01/28/20- Rent
- Rent Per SQFT
- $1,300
- $0.86
-
2561 Rosy Sunrise Street #n/a Las Vegas, NV 2
- 4 beds 2 baths ∙ 1,521 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,521 Sqft ∙ Built 2001
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,350
- $0.89
-
2621 Still Light Street Las Vegas, NV 4
- 4 beds 2 baths ∙ 1,521 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,521 Sqft ∙ Built 2002
LEASED 10/14/20- Rent
- Rent Per SQFT
- $1,395
- $0.92
-
2745 Promontory Vista Place Las Vegas, NV 5
- 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 2007
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,500
- $0.88
PROPERTY LISTING DETAILS
1.480.636.9175
Offerpad
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2261120
Last Updated: 01/14/2021
