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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $146.03
- 6 Days on Market
- MLS # : 2249268
- Updated Date : 11/21/2020 at 12:07
CONSTRUCTION
- Beds : 4
- Floor Size : 2,390 sqft
- Baths : 3 full
Listing Agent
Royal Diamond Realty
Listing Agent's Description
Beautiful 2 story home with Strip views from back yard and balcony. This beauty has formal living room, dinning room, family room and open kitchen concept. Kitchen has granite counter tops and tile floors, home has tile floors though out first floor and wood laminate upstairs, NO CARPET IN THIS HOME! Home was recently painted and has crown molding through out. Convenient down stair bedroom and full bathroom, family room has a fire place that gives it a fantastic ambiance for cold winter days. Big pool size backyard with side access on both sides for big toys or vehicles. One air conditioning unit replaced new 3 years ago, water heater is one year old. HOA is perimeter landscaping only, Call the HOA for more information on what the rules are for this type of HOA. This fantastic home with Strip views is ready for a new home owner.
SEE MORE
- 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)
- 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)
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 | $1,730 |
| EXPENSES | Loan Payment | -$1,288 |
| Property Tax | -$246 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$4
|
||
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.
$349,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.50%
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
$98,235
LOAN DETAILS
$1,288
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
5.5
YEARS SAVED
$24,323
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,751
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
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- $1,600
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972 Azure Heights Place Las Vegas, NV 4
- 4 beds 4 baths ∙ 2,525 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,525 Sqft ∙ Built 2002
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- $1,895
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LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,930
- $0.81
PROPERTY LISTING DETAILS
1.702.308.6432
Royal Diamond Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2249268
Last Updated: 11/21/2020
