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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $157.30
- 5 Days on Market
- MLS # : 2262938
- Updated Date : 01/22/2021 at 02:31
CONSTRUCTION
- Beds : 3
- Floor Size : 2,574 sqft
- Baths : 2 full
Listing Agent
Urban Nest Realty
Listing Agent's Description
This beautiful 3 BR/3 BA is just over 2,500 square feet with a 3 car garage on a larger corner lot. Sit in the front courtyard and enjoy the beautiful landscaping throughout the property. The bright entry opens to vaulted ceilings, a beautiful staircase, formal living & dining room. The kitchen has granite backsplash and countertops, breakfast bar, crown molding and garden window overlooking backyard. Enjoy your own private yard with a beautiful pool, spa, covered patio and nice sized side-yard. Family Room w/crown molding, fireplace & laminate wood floors. The den downstairs is a 4th bedroom possibility, one full bath down! Upstairs you have a huge primary bedroom w/walk-in closet, and a remodeled en-suite w/dual sinks, an oversized walk-in shower & new tile floors. Also upstairs are two additional bedrooms and a full bath. 2 A/C units were purchased in 2018. Ceiling fans throughout. Garage with cabinets that stay. Community amenities included in HOA.
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
Zip Code: 89108
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 89108
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,406 |
| Property Tax | -$251 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$17
|
||
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.
$404,900
PROJECTED PRICE
$1,870
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 11.7% |
| 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
$113,049
LOAN DETAILS
$1,406
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $101,225 |
| Loan Amount | $303,675 |
5.5
YEARS SAVED
$24,527
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,995
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
6576 Moonshadow Circle Las Vegas, NV 2
- 3 beds 2 baths ∙ 2,574 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,574 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $1,870
- $0.73
-
6565 Avon Court Las Vegas, NV 1
- 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 1988
LEASED 10/17/19- Rent
- Rent Per SQFT
- $1,695
- $0.70
-
3416 North Tenaya Way #0 Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,684 Sqft ∙ Built 1989
LEASED 12/15/20- Rent
- Rent Per SQFT
- $1,995
- $0.74
-
7609 Belmondo Lane Las Vegas, NV 4
- 4 beds 2 baths ∙ 2,663 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,663 Sqft ∙ Built 1991
LEASED 05/29/20- Rent
- Rent Per SQFT
- $2,300
- $0.86
-
7912 Marbella Circle Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 1995
LEASED 05/30/20- Rent
- Rent Per SQFT
- $2,325
- $0.80
PROPERTY LISTING DETAILS
1.702.417.0884
Urban Nest Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2262938
Last Updated: 01/22/2021
