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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $225.67
- 5 Days on Market
- MLS # : 2279884
- Updated Date : 03/20/2021 at 21:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,548 sqft
- Baths : 3 full , 1 half
Listing Agent
Simply Vegas
Listing Agent's Description
This home has everything your looking for!!! An entertainers delight! Rare Single story on a half acre with RV parking, Beautiful pebble tech pool, spa and 3 waterfalls. Outdoor kitchen with fridge, sink, side burner, sear station and grill. Huge balcony with wonderful panoramic city views. Regulation size horseshoe pit, fountain pond and mature landscaping. Lots of room for your toys and close proximity to the Lake. Enclosed sun room to enjoy your morning coffee. 10K flooring credit -- Las Vegas light fixture above pool table is excluded from the sale.
SEE MORE
- 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)
- 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)
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 | $1,810 |
| EXPENSES | Loan Payment | -$1,997 |
| Property Tax | -$360 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$743
|
||
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.
$575,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.31%
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
$158,125
LOAN DETAILS
$1,997
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $143,750 |
| Loan Amount | $431,250 |
0.33
YEARS SAVED
$201
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,835
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
6985 Cedar Basin Avenue Las Vegas, NV 4
- 3 beds 4 baths ∙ 2,548 Sqft ∙ Built 1999 3 beds 4 baths ∙ 2,548 Sqft ∙ Built 1999
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- Rent Per SQFT
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- $0.71
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6979 Painted Vista Court #n/a Las Vegas, NV 1
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- Rent Per SQFT
- $1,635
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6567 Tulip Garden Drive Las Vegas, NV 2
- 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 1998
LEASED 12/03/19- Rent
- Rent Per SQFT
- $1,675
- $0.68
-
1445 Tangerine Rose Drive Las Vegas, NV 3
- 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,454 Sqft ∙ Built 1998
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,795
- $0.73
-
2663 Colina Bella Las Vegas, NV 5
- 4 beds 2 baths ∙ 2,446 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,446 Sqft ∙ Built 2007
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,825
- $0.75
PROPERTY LISTING DETAILS
1.702.376.9615
Simply Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2279884
Last Updated: 03/20/2021
