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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $186.65
- 2 Days on Market
- MLS # : 2265513
- Updated Date : 01/30/2021 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,521 sqft
- Baths : 2 full
Listing Agent
Help U Sell Integrity Re
Listing Agent's Description
Wow! What a delightful and gorgeous 4 bedroom 2 bath single story home that is aggressively priced. Currently a tenant lives in there and they are moving out on April 30th. Spectacular kitchen with lots of space. Stainless Steel Appliance, track lighting a nice island along with a breakfast bar and a wonderful back-splash. There is a Strip-View from the front of the home, nice sized master bedroom and bath including a walk-in closet. Photo will be coming soon and call the broker/ agent about showings
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 | $1,320 |
| EXPENSES | Loan Payment | -$986 |
| Property Tax | -$178 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$20
|
||
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.
$283,900
PROJECTED PRICE
$1,320
PROJECTED RENT
0.46%
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
$80,984
LOAN DETAILS
$986
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $70,975 |
| Loan Amount | $212,925 |
5.08
YEARS SAVED
$14,768
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,320
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,361
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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6533 Shining Sand Avenue Las Vegas, NV 2
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- $1,200
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2561 Rosy Sunrise Street #n/a Las Vegas, NV 3
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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
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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
1.702.531.4430
Help U Sell Integrity Re
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2265513
Last Updated: 01/30/2021
