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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $241.46
- 8 Days on Market
- MLS # : 2253923
- Updated Date : 12/07/2020 at 09:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,317 sqft
- Baths : 2 full
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
NO HOA! 1-story pool home, completely remodeled! Vaulted ceiling with new paint. Upgraded gray laminate and tile flooring throughout. Master bedroom with en-suite remodeled bathroom with granite countertop. Completely upgraded kitchen with island, custom soft close cabinets with granite countertops and stainless steel appliances. Family room with cozy fireplace for the winter months.
SEE MORE
- 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)
- 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)
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 | $1,380 |
| EXPENSES | Loan Payment | -$1,173 |
| Property Tax | -$194 | |
| Property Insurance | -$53 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$159
|
||
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.
$318,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.43%
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
$90,020
LOAN DETAILS
$1,173
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,500 |
| Loan Amount | $238,500 |
3.25
YEARS SAVED
$9,682
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,202
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
6669 Lucky Strike Way Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,380
- $1.05
-
1900 Torrey Pines Drive #111 Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,227 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,227 Sqft ∙ Built 1995
LEASED 09/29/20- Rent
- Rent Per SQFT
- $1,125
- $0.92
-
1104 Greystone Drive Las Vegas, NV 2
- 3 beds 1 baths ∙ 1,373 Sqft ∙ Built 1985 3 beds 1 baths ∙ 1,373 Sqft ∙ Built 1985
LEASED 12/10/19- Rent
- Rent Per SQFT
- $1,250
- $0.91
-
1917 Bookbinder Drive Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1992
LEASED 01/29/20- Rent
- Rent Per SQFT
- $1,350
- $0.92
-
1332 Wheatland Way Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,504 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,504 Sqft ∙ Built 1984
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,350
- $0.90
PROPERTY LISTING DETAILS
1.702.332.8389
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2253923
Last Updated: 12/07/2020
