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PROPERTY INFO
FACTS
- Built In 2013
- Price/Sqft : $148.93
- 7 Days on Market
- MLS # : 2243183
- Updated Date : 11/02/2020 at 12:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,518 sqft
- Baths : 1 full
Listing Agent
Century 21 Gavish Real Estate
Listing Agent's Description
Your search ends here!! Convenient Southwest location near shopping and schools. Neutral colors compliment this unique floor plan with dual master bedrooms one upstairs one downstairs, in addition to another spacious bedroom downstairs. Gourmet kitchen with granite countertops, Oakwood cabinets & a kitchen island. Stainless steel appliances remain with this lovely home. Also features a spacious sitting room. Central vacuum system; all window coverings remain. Low maintenance front and backyard landscaping featuring artificial turf. Come see this one today. It won't last.
SEE MORE
- 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)
- 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)
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 | $1,680 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$312 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$210
|
||
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.
$375,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.45%
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
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
3.08
YEARS SAVED
$10,787
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$1,769
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
6474 Parrot Ridge Court Las Vegas, NV 1
- 3 beds 1 baths ∙ 2,518 Sqft ∙ Built 2013 3 beds 1 baths ∙ 2,518 Sqft ∙ Built 2013
![property image]()
- Rent
- Rent Per SQFT
- $1,680
- $0.67
-
6571 Samba Avenue Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2005
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LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,700
- $0.72
-
6543 Musette Avenue Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 2006
![property image]()
LEASED 11/14/19- Rent
- Rent Per SQFT
- $1,780
- $0.67
-
6510 Samba Avenue Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 2005
![property image]()
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,850
- $0.70
-
6519 Musette Avenue Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 2006
![property image]()
LEASED 04/26/20- Rent
- Rent Per SQFT
- $1,900
- $0.72
PROPERTY LISTING DETAILS
1.702.275.5844
Century 21 Gavish Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2243183
Last Updated: 11/02/2020
