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PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $191.71
- 4 Days on Market
- MLS # : 2261820
- Updated Date : 01/16/2021 at 01:15
CONSTRUCTION
- Beds : 4
- Floor Size : 2,556 sqft
- Baths : 2 full
Listing Agent
Realty One Group, Inc
Listing Agent's Description
Hunny, are you sure we're in Las Vegas?! Beautiful 1 Story Ranch style home sits on over 20,000 sq ft lot! The strip views are incredible and the brisk mountain views are jaw dropping. Homes completely remodeled-beauiful kitchen that opens to a kitchen nook with sightlines to the courtyard STRIP & downtown views, you'll never complain about doing the dishes in your apron front farm sink looking out to the MTNS! Enjoy walking through the naturally lit open hallways with a big smile remindng yourself you live here. Seperate great room perfect for cuddling up next to the fire or binge watcing your favorite show while the kids play board games! Plenty of space 4 bedroom, 3 bath, now more than ever we are home- this house is perfect for entertaining family and never feeling crammed! Endless opportunity awaits in your backyard! Horse stables for rent seconds away from your personal backyard trail! Brandnew SS appliances. Ask about the community ammenities!!
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: Sunrise Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunrise Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,230 |
| EXPENSES | Loan Payment | -$1,702 |
| Property Tax | -$211 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$121
|
||
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.
$489,999
PROJECTED PRICE
$2,230
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 12.8% |
| 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
$135,600
LOAN DETAILS
$1,702
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $122,500 |
| Loan Amount | $367,499 |
6.67
YEARS SAVED
$40,324
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,230
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,786
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
6760 Mountridge Drive Las Vegas, NV 1
- 4 beds 2 baths ∙ 2,556 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,556 Sqft ∙ Built 1975
![property image]()
- Rent
- Rent Per SQFT
- $2,230
- $0.87
-
7039 East Mesquite Avenue Las Vegas, NV 2
- 5 beds 3 baths ∙ 2,296 Sqft ∙ Built 1974 5 beds 3 baths ∙ 2,296 Sqft ∙ Built 1974
![property image]()
LEASED 10/01/19- Rent
- Rent Per SQFT
- $2,500
- $1.09
PROPERTY LISTING DETAILS
1.858.722.8264
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2261820
Last Updated: 01/16/2021
