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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $164.43
- 3 Days on Market
- MLS # : 2269555
- Updated Date : 02/20/2021 at 21:19
CONSTRUCTION
- Beds : 4
- Floor Size : 2,311 sqft
- Baths : 2 full , 1 half
Listing Agent
Huntington & Ellis, A Real Est
Listing Agent's Description
Beautiful 4-bedroom, 3-bath home sitting at the end of a double Cul-de sac in the highly desirable Sunset Pines in the Southwest Ranch community. A popular floor plan with an open concept for kitchen, dining room and living room on the upper floor. The lower level has 3 bedrooms, large great room and access to an outdoor covered patio and landscaped backyard. Upgraded kitchen with black modern appliances and granite countertops. Leased Solar to dramatically reduce bills, and AC units only 2 years old! You will not be disappointed, don't wait!
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
Neighborhood: Southern Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southern Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$238 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$29
|
||
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.
$379,999
PROJECTED PRICE
$1,720
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.4% |
| 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
$106,450
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $95,000 |
| Loan Amount | $284,999 |
5.42
YEARS SAVED
$22,004
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,722
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
6689 Pheasant Moon Street Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,720
- $0.74
-
6557 Sunset Pines Street Las Vegas, NV 1
- 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2004
LEASED 01/17/21- Rent
- Rent Per SQFT
- $1,625
- $0.70
-
6688 Sleepy Meadow Court Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2004
LEASED 12/14/20- Rent
- Rent Per SQFT
- $1,700
- $0.74
-
6671 Wind Whisper Street Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2005
LEASED 02/13/21- Rent
- Rent Per SQFT
- $1,730
- $0.76
-
9543 Violet Sunset Avenue Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,311 Sqft ∙ Built 2004
LEASED 01/10/21- Rent
- Rent Per SQFT
- $1,800
- $0.78
PROPERTY LISTING DETAILS
1.702.493.0683
Huntington & Ellis, A Real Est
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2269555
Last Updated: 02/20/2021
