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6566 Ditmars Street 
Las Vegas, NV
89166
3 Beds 3 Baths 2,077 sqft
Built 2009
INVESTimate
$325,000
List Price
$91,875
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PROPERTY INFO
FACTS
- Built In 2009
- Price/Sqft : $156.48
- 3 Days on Market
- MLS # : 2223984
- Updated Date : 08/24/2020 at 11:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,077 sqft
- Baths : 2 full , 1 half
Listing Agent
Galindo Group Real Estate
Listing Agent's Description
Charming 2 story home in highly desired gated Providence Community! Sitting on a corner lot, home is directly across from one of the neighborhood parks! Tons of parking available. 3 bedrooms, 2.5 baths and an extended driveway! Kitchen with granite counters and island. High ceilings! Master suite with a retreat area. Large master bath with dual sinks, tub, shower and an extended walk in closet! Wood look laminate throughout home for an updated feel. Fully fenced in backyard with fresh landscaping is a welcome retreat! WELCOME HOME!
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Auburn and Bradford at Providence
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Auburn and Bradford at Providence
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$284 | |
| Property Insurance | -$67 | |
| HOA | -$144 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$263
|
||
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.
$325,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 4.82% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
1.67
YEARS SAVED
$3,958
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,677
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
6566 Ditmars Street Las Vegas, NV 2
- 3 beds 3 baths ∙ 2,077 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,077 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $1,550
- $0.75
-
6525 Chinatown Street #n/a Las Vegas, NV 1
- 3 beds 3 baths ∙ 2,077 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,077 Sqft ∙ Built 2008
LEASED 12/27/19- Rent
- Rent Per SQFT
- $1,550
- $0.75
-
6851 Quindio Street Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,929 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,929 Sqft ∙ Built 2008
LEASED 11/30/19- Rent
- Rent Per SQFT
- $1,600
- $0.83
-
6858 Sigri Street Las Vegas, NV 4
- 3 beds 3 baths ∙ 2,018 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,018 Sqft ∙ Built 2008
LEASED 12/22/19- Rent
- Rent Per SQFT
- $1,675
- $0.83
-
10819 Leatherstocking Avenue Las Vegas, NV 5
- 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 2014
LEASED 09/23/19- Rent
- Rent Per SQFT
- $1,745
- $0.82
PROPERTY LISTING DETAILS
1.702.300.8484
Galindo Group Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2223984
Last Updated: 08/24/2020
