Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $186.21
- 3 Days on Market
- MLS # : 2261893
- Updated Date : 01/16/2021 at 20:54
CONSTRUCTION
- Beds : 4
- Floor Size : 1,799 sqft
- Baths : 2 full
Listing Agent
Century 21 Gavish Real Estate
Listing Agent's Description
Welcome to your beautiful 4 bedroom 2 bathroom Single Story POOL home perfect for today's live, work, and play environment. The outside has mature landscaping, covered patio, inground pool and spa, lemon tree ready to harvest, and plenty of play space. The kitchen has french doors that open to the patio and pool, granite countertops, stainless steel appliances, new dishwasher. Upgrades galore thoughout the home including X-large master bedroom with new patio slider to pool, new pool equipment with new high efficiency heater, new platinum water heater, lighted crown molding in living room, new electrical sockets, new interior solid core doors, new Hi Efficiency Trane HVAC system and much more. 2nd giant Master can be mother in law suite or rented out for extra income. Come see your new HOME! Contact listing agent for more information or to set up private tour!
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: 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 | $1,740 |
| EXPENSES | Loan Payment | -$1,164 |
| Property Tax | -$126 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$270
|
||
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.
$335,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.52%
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
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
10.25
YEARS SAVED
$49,851
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,732
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
7026 Westpark Court Las Vegas, NV 3
- 4 beds 2 baths ∙ 1,799 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,799 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $1,740
- $0.97
-
4294 Cloverhill Court Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,658 Sqft ∙ Built 1975
LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,450
- $0.87
-
4747 Beaconsfield Street Las Vegas, NV 2
- 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,853 Sqft ∙ Built 1987
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,600
- $0.86
-
4755 Marlboro Court Las Vegas, NV 4
- 4 beds 3 baths ∙ 1,692 Sqft ∙ Built 1976 4 beds 3 baths ∙ 1,692 Sqft ∙ Built 1976
LEASED 08/13/20- Rent
- Rent Per SQFT
- $1,850
- $1.09
-
7641 Keating Circle Las Vegas, NV 5
- 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 1985 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 1985
LEASED 09/28/20- Rent
- Rent Per SQFT
- $1,930
- $1.03
PROPERTY LISTING DETAILS
1.952.261.1883
Century 21 Gavish Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2261893
Last Updated: 01/16/2021
