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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $130.21
- 2 Days on Market
- MLS # : 2271715
- Updated Date : 02/21/2021 at 01:30
CONSTRUCTION
- Beds : 5
- Floor Size : 4,224 sqft
- Baths : 3 full , 1 half
Listing Agent
Re/max Legacy
Listing Agent's Description
BEAUTIFUL 2 STORY HOME LOCATED NEXT TO SHOPPING CENTERS, HIGHWAY ACCESS AND ALIANTE NATURE DISCOVERY PARK! THIS HOME FEATURES STACK STONE ENTRY, GRANITE COUNTERTOPS, TILE FLOORS, SURROUND SOUND IN LIVING ROOM GARAGE AND BACK YARD, RECENTLY SERVICED SOFTENER AND R/O SYSTEM, CENTRAL VAC, HIGH CEILINGS, UPGRADED BANISTER, RECESSED LIGHTING, STAINLESS APPLIANCES, 2 WAY FIRE PLACE, SEPARATE MASTER TUB AND SHOWER, DUAL SINKS, VANITY, WALK IN CLOSETS, LOFT, OFFICE, BALCONY, LARGE BACK YARD, NEW A/C UNIT, AND IN-LAW QUARTERS!
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: Aliante
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Aliante
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,480 |
| EXPENSES | Loan Payment | -$1,910 |
| Property Tax | -$424 | |
| Property Insurance | -$109 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$82
|
||
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.
$550,000
PROJECTED PRICE
$2,480
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| 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
$151,500
LOAN DETAILS
$1,910
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
5
YEARS SAVED
$28,090
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,480
LIST RENT -
$0.59
LIST RENT PER SQFT
-
$2,587
COMP ESTIMATED VALUE -
$0.61
COMP AVG. RENT PER SQFT
Comps Range
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- Rent Per SQFT
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- $2,395
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7008 Arcadia Creek Street #n/a North Las Vegas, NV 2
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- Rent Per SQFT
- $2,400
- $0.57
-
3813 Granada Gorge Lane North Las Vegas, NV 4
- 5 beds 2 baths ∙ 4,075 Sqft ∙ Built 2006 5 beds 2 baths ∙ 4,075 Sqft ∙ Built 2006
LEASED 02/19/20- Rent
- Rent Per SQFT
- $2,495
- $0.61
-
2116 Humble Hollow Place North Las Vegas, NV 5
- 5 beds 4 baths ∙ 4,006 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,006 Sqft ∙ Built 2006
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,695
- $0.67
PROPERTY LISTING DETAILS
1.702.757.7483
Re/max Legacy
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271715
Last Updated: 02/21/2021
