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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $175.17
- 3 Days on Market
- MLS # : 2256524
- Updated Date : 12/19/2020 at 15:29
CONSTRUCTION
- Beds : 4
- Floor Size : 1,655 sqft
- Baths : 2 full
Listing Agent
City Villa Realty & Management
Listing Agent's Description
Welcome Home!Gorgeous hard to find 4 Bedrooms under $290K. This home is loaded with great features including balcony, 2 car garage, tile flooring, island in kitchen, spacious master bedroom, ceiling fans in all bedrooms, and all with walk-in closets, deep soaker tub plus solar. Community pool and park.Hurry this one isn't going to last long.
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: 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 | $1,510 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$188 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$75
|
||
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.
$289,900
PROJECTED PRICE
$1,510
PROJECTED RENT
0.52%
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
$82,574
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,475 |
| Loan Amount | $217,425 |
7.42
YEARS SAVED
$30,808
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,543
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
6623 Hathersage Avenue Las Vegas, NV 3
- 4 beds 2 baths ∙ 1,655 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,655 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,510
- $0.91
-
6523 Mocha Brown Court Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,467 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,467 Sqft ∙ Built 2006
LEASED 02/04/20- Rent
- Rent Per SQFT
- $1,300
- $0.89
-
6543 Cathedral Blue Avenue Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,550 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,550 Sqft ∙ Built 2006
LEASED 07/07/20- Rent
- Rent Per SQFT
- $1,450
- $0.94
-
7359 Prussian Green Street Las Vegas, NV 4
- 4 beds 4 baths ∙ 1,740 Sqft ∙ Built 2007 4 beds 4 baths ∙ 1,740 Sqft ∙ Built 2007
LEASED 09/29/20- Rent
- Rent Per SQFT
- $1,600
- $0.92
-
7316 Prussian Green Street Las Vegas, NV 5
- 4 beds 4 baths ∙ 1,740 Sqft ∙ Built 2007 4 beds 4 baths ∙ 1,740 Sqft ∙ Built 2007
LEASED 12/06/20- Rent
- Rent Per SQFT
- $1,700
- $0.98
PROPERTY LISTING DETAILS
1.702.606.9508
City Villa Realty & Management
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256524
Last Updated: 12/19/2020
