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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $233.59
- 2 Days on Market
- MLS # : 2276365
- Updated Date : 03/07/2021 at 01:30
CONSTRUCTION
- Beds : 2
- Floor Size : 1,280 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Premier
Listing Agent's Description
Spring Valley Fantastic Single Story Home on a great lot! Located near parks, stores, restaurants, & minutes from the STRIP! NO HOA! Features Courtyard Entry, 1280 SQFT, 2 spacious bedrooms, 2 lovely bathrooms with all the great finishes! Wood laminate floors throughout! Master bedroom features walk in closet and spacious bathroom with upgraded/modern finishes and fixtures! Main living space open to kitchen separated by great breakfast bar! Shutters in the front kitchen nook creates a lovely visiting space with light. Spacious backyard with built in hot tub, newer heater and pump! Massive covered patio and lush landscape to enjoy. Multiple outdoor use spaces & patios! MUST SEE! Side yard has extra gate for additional parking, small trailer or storage. Tankless Water Heater and Solar Power! Oversized 2 car garage with ample storage!
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 | $1,380 |
| EXPENSES | Loan Payment | -$1,039 |
| Property Tax | -$132 | |
| Property Insurance | -$52 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$39
|
||
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.
$299,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.46%
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
$84,985
LOAN DETAILS
$1,039
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
6.58
YEARS SAVED
$23,624
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$1,363
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
7041 Wedgewood Way Las Vegas, NV 3
- 2 beds 2 baths ∙ 1,280 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,280 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,380
- $1.08
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7570 Flamingo Road #135 Las Vegas, NV 1
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LEASED 01/28/21- Rent
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- $1,100
- $1.08
-
6382 Agua Drive Las Vegas, NV 2
- 2 beds 1 baths ∙ 1,216 Sqft ∙ Built 1981 2 beds 1 baths ∙ 1,216 Sqft ∙ Built 1981
LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,250
- $1.03
-
7320 Clearwater Circle Las Vegas, NV 4
- 2 beds 1 baths ∙ 1,329 Sqft ∙ Built 1972 2 beds 1 baths ∙ 1,329 Sqft ∙ Built 1972
LEASED 12/16/20- Rent
- Rent Per SQFT
- $1,400
- $1.05
-
7144 Pleasant View Avenue Las Vegas, NV 5
- 2 beds 2 baths ∙ 1,367 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,367 Sqft ∙ Built 1973
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,500
- $1.10
PROPERTY LISTING DETAILS
1.702.557.7653
Coldwell Banker Premier
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2276365
Last Updated: 03/07/2021
