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
7080 Sweetheart Circle 
Las Vegas, NV
89118
3 Beds 1 Baths 2,068 sqft
Built 1988
INVESTimate
$549,900
List Price
$151,474
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1988
- Price/Sqft : $265.91
- 3 Days on Market
- MLS # : 2224619
- Updated Date : 08/24/2020 at 21:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,068 sqft
- Baths : 1 full
Listing Agent
Rezults Realty
Listing Agent's Description
THIS CHARMING ONE STORY HOME ON CORNER LOT FEATURES CIRCULAR PAVER DRIVEWAY THAT LEADS TO SIX CAR GARAGE. THE HEART OF THE HOME HAS STAINLESS STEEL APPLIANCES, GRANITE COUNTER TOPS, AND CUSTOM CABINETRY. HOME HAS THREE SPACIOUS BEDROOMS, MASTER BATHROOM HAS BEEN REMODELED WITH GORGEOUS WALK IN SHOWER, MARBLE COUNTERS AND BARN DOORS! SWEET BACK YARD HAS FIREPLACE, PIZZA OVEN, SPA, BAR, OUTDOOR KITCHEN, GARDEN, HORSE SHOES AND RV PARKING!
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: 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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$2,029 |
| Property Tax | -$288 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$553
|
||
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.
$549,900
PROJECTED PRICE
$1,950
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.79% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$151,474
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,475 |
| Loan Amount | $412,425 |
1.42
YEARS SAVED
$4,760
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,634
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
7080 Sweetheart Circle Las Vegas, NV 5
- 3 beds 1 baths ∙ 2,068 Sqft ∙ Built 1988 3 beds 1 baths ∙ 2,068 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $1,950
- $0.94
-
5231 Valencia Crest Avenue #0 Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2004
LEASED 01/23/20- Rent
- Rent Per SQFT
- $1,395
- $0.79
-
4963 Canadian Lynx Court Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,853 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,853 Sqft ∙ Built 2008
LEASED 01/22/20- Rent
- Rent Per SQFT
- $1,495
- $0.81
-
4967 Crimson Mare Las Vegas, NV 3
- 3 beds 2 baths ∙ 2,108 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,108 Sqft ∙ Built 2007
LEASED 06/18/20- Rent
- Rent Per SQFT
- $1,495
- $0.71
-
4457 Gracemont Avenue Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,220 Sqft ∙ Built 2002
LEASED 12/03/19- Rent
- Rent Per SQFT
- $1,895
- $0.85
PROPERTY LISTING DETAILS
1.702.715.5306
Rezults Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224619
Last Updated: 08/24/2020
