Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $215.11
- 3 Days on Market
- MLS # : 2271673
- Updated Date : 02/20/2021 at 23:01
CONSTRUCTION
- Beds : 2
- Floor Size : 953 sqft
- Baths : 1 full
Listing Agent
United Realty Group
Listing Agent's Description
Stunning Tanglewood Home just hit the market in Las Vegas!! This beautiful home features a fireplace, kitchen breakfast bar, 1 car garage and covered patio! Tile throughout the house and carpet in bedrooms. The kitchen comes equipped with modern fridge, stove, dishwasher and very well cared custom cabinets. During the summer, entertain in style under the covered patio or host a bbq for friends! Located near freeways, shopping centers and more! – It won’t last long.
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: Tanglewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tanglewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,030 |
| EXPENSES | Loan Payment | -$712 |
| Property Tax | -$109 | |
| Property Insurance | -$46 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$45
|
||
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.
$205,000
PROJECTED PRICE
$1,030
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 13.2% |
| 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
$60,075
LOAN DETAILS
$712
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $51,250 |
| Loan Amount | $153,750 |
6.58
YEARS SAVED
$15,851
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,030
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$766
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
6505 Peartree Road Las Vegas, NV 4
- 2 beds 1 baths ∙ 953 Sqft ∙ Built 1983 2 beds 1 baths ∙ 953 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,030
- $1.08
-
1912 Lirio #c Las Vegas, NV 1
- 2 beds 2 baths ∙ 973 Sqft ∙ Built 1984 2 beds 2 baths ∙ 973 Sqft ∙ Built 1984
LEASED 06/26/20- Rent
- Rent Per SQFT
- $800
- $0.82
-
1936 Lirio Way #d Las Vegas, NV 2
- 2 beds 2 baths ∙ 1,018 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,018 Sqft ∙ Built 1988
LEASED 02/01/21- Rent
- Rent Per SQFT
- $800
- $0.79
-
2451 Rainbow #2088 Las Vegas, NV 3
- 2 beds 2 baths ∙ 1,128 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,128 Sqft ∙ Built 1988
LEASED 04/01/20- Rent
- Rent Per SQFT
- $900
- $0.80
PROPERTY LISTING DETAILS
1.702.758.1749
United Realty Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271673
Last Updated: 02/20/2021
