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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $239.57
- 4 Days on Market
- MLS # : 2263308
- Updated Date : 01/23/2021 at 08:20
CONSTRUCTION
- Beds : 2
- Floor Size : 1,031 sqft
- Baths : 2 full
Listing Agent
The Boeckle Group
Listing Agent's Description
Centrally located single story featuring, two primary bedrooms with private bathrooms, great backyard, one car garage with full driveway and front street parking. Roof and AC were recently replaced. The home also includes window coverings and Tile throughout and NO HOA.
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: Spring Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Spring Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,360 |
| EXPENSES | Loan Payment | -$858 |
| Property Tax | -$102 | |
| Property Insurance | -$47 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$234
|
||
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.
$246,999
PROJECTED PRICE
$1,360
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.9% |
| 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
$71,205
LOAN DETAILS
$858
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,750 |
| Loan Amount | $185,249 |
10.75
YEARS SAVED
$39,934
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,360
LIST RENT -
$1.32
LIST RENT PER SQFT
-
$1,415
COMP ESTIMATED VALUE -
$1.37
COMP AVG. RENT PER SQFT
Comps Range
-
6841 Incline Avenue Las Vegas, NV 4
- 2 beds 2 baths ∙ 1,031 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,031 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,360
- $1.32
-
4700 Nara Vista Way #101 Las Vegas, NV 1
- 2 beds 2 baths ∙ 884 Sqft ∙ Built 1989 2 beds 2 baths ∙ 884 Sqft ∙ Built 1989
LEASED 10/16/20- Rent
- Rent Per SQFT
- $1,195
- $1.35
-
7626 Marmot Avenue Las Vegas, NV 2
- 2 beds 2 baths ∙ 974 Sqft ∙ Built 1989 2 beds 2 baths ∙ 974 Sqft ∙ Built 1989
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,200
- $1.23
-
6767 Sebring Street Las Vegas, NV 3
- 2 beds 2 baths ∙ 932 Sqft ∙ Built 1983 2 beds 2 baths ∙ 932 Sqft ∙ Built 1983
LEASED 01/29/20- Rent
- Rent Per SQFT
- $1,350
- $1.45
-
7339 Coffeyville Avenue Las Vegas, NV 5
- 2 beds 2 baths ∙ 974 Sqft ∙ Built 1986 2 beds 2 baths ∙ 974 Sqft ∙ Built 1986
LEASED 12/21/20- Rent
- Rent Per SQFT
- $1,425
- $1.46
PROPERTY LISTING DETAILS
1.702.904.0216
The Boeckle Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2263308
Last Updated: 01/23/2021
