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6641 Conquistador Street 
Las Vegas, NV
89149
4 Beds 2 Baths 2,681 sqft
Built 2016
INVESTimate
$399,900
List Price
$111,724
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PROPERTY INFO
FACTS
- Built In 2016
- Price/Sqft : $149.16
- 3 Days on Market
- MLS # : 2224057
- Updated Date : 08/24/2020 at 23:19
CONSTRUCTION
- Beds : 4
- Floor Size : 2,681 sqft
- Baths : 2 full
Listing Agent
Simply Vegas
Listing Agent's Description
Incredible Strip, city & mountain views from this awesome ~4 yr old 4BR|3BA|2,681 sq/ft home, w/2 car garage in NW (2 minutes from I-215). Open floor plan, w/9ft ceilings, includes: great room, kitchen, dining, bedroom & full bath on 1st floor; Master BR/BA, two additional BR’s, full bath, laundry (w/ Maytag washer & dryer) & huge bonus room upstairs. Gourmet kitchen package includes ultra premium GE Monogram stainless steel appliances, upgraded cabinets, kitchen island, granite countertops & upgraded backsplash. Bonus room includes prewiring for surround sound, flat screen mounting & ceiling fan plus plummet for wet bar. Roof top deck includes BBQ stub, hose bib & incredible year round views of mountains, The Strip, city views & holiday fireworks displays across the valley. Includes thousands of dollars in other upgrades, as well. Near Providence & Centennial Hills, 13 minutes to Downtown Summerlin & a quick/easy drive to Nellis AFB. This home won't last long; so check it out, NOW!
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: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Centennial Hills
* 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 | $1,890 |
| EXPENSES | Loan Payment | -$1,475 |
| Property Tax | -$346 | |
| Property Insurance | -$79 | |
| HOA | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$184
|
||
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.
$399,900
PROJECTED PRICE
$1,890
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.32% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,724
LOAN DETAILS
$1,475
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
3.5
YEARS SAVED
$14,295
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,890
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$2,031
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
6641 Conquistador Street Las Vegas, NV 1
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- $2,100
- $0.75
PROPERTY LISTING DETAILS
1.702.816.1505
Simply Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224057
Last Updated: 08/24/2020
