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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $165.55
- 4 Days on Market
- MLS # : 2267795
- Updated Date : 02/05/2021 at 00:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,476 sqft
- Baths : 2 full , 1 half
Listing Agent
Lyons Share Real Estate
Listing Agent's Description
Beautiful home in gated Providence! Magnificent Strip and mountain views! Cul-de-sac location. Cobblestone paved driveway, upgraded stack stone exterior, 3 car garage, front porch, upgraded front doors. Dramatic vaulted ceilings, formal front living/dining room, island kitchen with granite counters, custom cabinetry, stainless appliances, double oven, gas cook top, stainless back splash. Family room with cozy fireplace and ceiling fan. Pool sized backyard, huge covered cobblestone patio, full length balcony with Strip and mountain views. Low maintenance landscape. Separate laundry room. Unique split stairway with upgraded stair rail. Large primary bedroom with spacious retreat. Primary bath has separate garden tub and shower, dual sinks, walk in closet, separate toilet closet. Big secondary bedrooms with ceiling fans. Check out the room dimensions! Upgrades galore!! This home is a must see.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Kensington at Providence
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kensington at Providence
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,424 |
| Property Tax | -$353 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$91
|
||
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.
$409,900
PROJECTED PRICE
$1,880
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 7.0% |
| 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
$114,374
LOAN DETAILS
$1,424
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $102,475 |
| Loan Amount | $307,425 |
4.5
YEARS SAVED
$18,394
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,880
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,975
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
7014 Whitford Street Las Vegas, NV 1
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- 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2013
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- Rent Per SQFT
- $1,950
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- Rent Per SQFT
- $2,000
- $0.82
PROPERTY LISTING DETAILS
1.702.533.5314
Lyons Share Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2267795
Last Updated: 02/05/2021
