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PROPERTY INFO
FACTS
- Built In 1979
- Price/Sqft : $205.20
- 4 Days on Market
- MLS # : 2243815
- Updated Date : 11/02/2020 at 22:41
CONSTRUCTION
- Beds : 4
- Floor Size : 2,558 sqft
- Baths : 2 full , 1 half
Listing Agent
Vision Realty Group
Listing Agent's Description
Gorgeous 1 STORY home with POOL on a HALF ACRE! BRAND NEW PAINT AND CARPET! AMAZING KITCHEN with an abundance of cabinets, breakfast bar, island, granite countertops, and garden window. Kitchen is OPEN to the family room. VAULTED CEILINGS. BIG FAMILY ROOM with WOOD BURNING FIREPLACE and custom shelving. Big beautiful FORMAL LIVING ROOM and DINING ROOM with WOOD BURNING STOVE. Master bedroom is SEPARATE from the other bedrooms and also has direct access to the backyard! Ceiling fans is every room. HUGE LAUNDRY ROOM with TONS of STORAGE. OVERSIZED 2 CAR garage. Both full bathrooms also have access to the pool. PERFECT for drying off from a swim! INGROUND POOL with PebbleTech finish. HUGE side yard with RV parking! BUILT IN BRICK BBQ. ROOM FOR HORSES. CORNER LOT in a CUL DE SAC. 2 DRIVEWAYS for plenty of PARKING. Down the street from WESTERN TRAILS NEIGHBORHOOD PARK!
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: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,010 |
| EXPENSES | Loan Payment | -$1,937 |
| Property Tax | -$268 | |
| Property Insurance | -$77 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$610
|
||
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.
$524,900
PROJECTED PRICE
$3,010
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.8% |
| 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
$144,849
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,225 |
| Loan Amount | $393,675 |
12
YEARS SAVED
$114,517
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,010
LIST RENT -
$1.18
LIST RENT PER SQFT
-
$4,336
COMP ESTIMATED VALUE -
$1.69
COMP AVG. RENT PER SQFT
Comps Range
-
7061 Rogers Street Las Vegas, NV 1
- 3 beds 3 baths ∙ 2,558 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,558 Sqft ∙ Built 1979
![property image]()
- Rent
- Rent Per SQFT
- $3,010
- $1.18
-
7359 Rani Road Las Vegas, NV 2
- 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,446 Sqft ∙ Built 1980
![property image]()
LEASED 07/31/20- Rent
- Rent Per SQFT
- $3,450
- $1.41
-
3445 Maule Avenue Las Vegas, NV 3
- 3 beds 3 baths ∙ 2,320 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,320 Sqft ∙ Built 1978
![property image]()
LEASED 07/02/19- Rent
- Rent Per SQFT
- $4,600
- $1.98
PROPERTY LISTING DETAILS
1.702.505.1029
Vision Realty Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2243815
Last Updated: 11/02/2020
