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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $137.56
- 3 Days on Market
- MLS # : 2256744
- Updated Date : 12/18/2020 at 20:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,471 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Premier
Listing Agent's Description
WELL MAINTAINED HOME IN ALIANTE MASTER PLANNED COMMUNITY!! FRESHLY PAINTED INTERIOR & WHOLE HOUSE HAS BEEN PROFESSIONALLY CLEANED INCLUDING CARPET. SPACIOUS LIVING ROOM WITH FORMAL DINING AREA IN THE FRONT. FAMILY ROOM OPENS TO THE KITCHEN WITH BREAKFAST NOOK, ISLAND, GRANITE COUNTER TOPS & STAINLESS STEEL APPLIANCES. HUGE LOFT UPSTAIRS ALONG WITH 2 SPACIOUS GUEST BEDROOMS. MASTER BEDROOM IS ALSO SPACIOUS WITH HUGE WALK-IN CLOSET. MASTER BATH WITH 2 SINKS, SEPARATE TUB & SHOWER. DOWNSTAIRS BEDROOM CAN BE AN OFFICE OR EXTRA GUEST BEDROOM. BACKYARD HAS PATIO, GRAVEL LANDSCAPING & SHRUBS. COMMUNITY HAS GREAT ACCESS TO PARKS, PLAYGROUNDS, WALKING/JOGGING TRAILS, BELTWAY, DINING, SHOPPING & CASINO.
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: Aliante
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Aliante
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$298 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$44
|
||
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.
$339,900
PROJECTED PRICE
$1,790
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| 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
$95,824
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,975 |
| Loan Amount | $254,925 |
6.5
YEARS SAVED
$30,839
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,798
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
6633 Evening Grosbeak Place North Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,790
- $0.72
-
3512 Pantego Avenue North Las Vegas, NV 1
- 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 2005
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,650
- $0.70
-
3320 Amish North Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,362 Sqft ∙ Built 2005
LEASED 06/18/20- Rent
- Rent Per SQFT
- $1,650
- $0.70
-
6699 Wood Thrush North Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2006
LEASED 05/07/20- Rent
- Rent Per SQFT
- $1,750
- $0.76
-
3628 Pelican Brief Lane #0 North Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2008
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,800
- $0.75
PROPERTY LISTING DETAILS
1.702.496.7372
Coldwell Banker Premier
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256744
Last Updated: 12/18/2020
