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7128 Forest Frost Street 
Las Vegas, NV
89149
3 Beds 3 Baths 1,775 sqft
Built 2006
INVESTimate
$325,000
List Price
$91,875
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $183.10
- 8 Days on Market
- MLS # : 2221820
- Updated Date : 08/25/2020 at 07:23
CONSTRUCTION
- Beds : 3
- Floor Size : 1,775 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
This home lived in by one individual, is well maintained and shows terrific. Open floor plan on first level with updated kitchen featuring granite counter tops, dual sinks, breakfast counter at island, windowed area for natural light. There is a nook for an entertainment center in living room and sliders leading to the rear yard. Powder room off to the side, makes it private to the first floor. Large Master bedroom suite with room for a king sized bed, with two night stands, a high boy dresser, and triple dresser. The master bath is also sizable where two people could be using and not be in each other's way. Two vanities, (one with a make-up station), soaking tub, and over sized shower Private water closet (toilet) and walk-in closet. There is two zoned HVAC for cost saving. Storage in garage. Tour today!
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: Rosabella at Travato
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rosabella at Travato
* 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 | $1,310 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$231 | |
| Property Insurance | -$62 | |
| HOA | -$75 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$376
|
||
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.
$325,000
PROJECTED PRICE
$1,310
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.75% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
0.67
YEARS SAVED
$1,115
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,310
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,464
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
7128 Forest Frost Street Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,310
- $0.74
-
9128 Emerald Pearl Court Las Vegas, NV 2
- 4 beds 3 baths ∙ 1,635 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,635 Sqft ∙ Built 2016
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LEASED 09/09/19- Rent
- Rent Per SQFT
- $1,395
- $0.85
-
9109 Emerald Pearl Court Las Vegas, NV 3
- 4 beds 3 baths ∙ 1,742 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,742 Sqft ∙ Built 2017
![property image]()
LEASED 09/11/19- Rent
- Rent Per SQFT
- $1,425
- $0.82
-
9125 Emerald Pearl Court Las Vegas, NV 4
- 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 2016
![property image]()
LEASED 10/31/19- Rent
- Rent Per SQFT
- $1,425
- $0.82
-
7123 Forest Frost Street #n/a Las Vegas, NV 5
- 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 2006
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,585
- $0.81
PROPERTY LISTING DETAILS
1.702.491.9601
Exp Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2221820
Last Updated: 08/25/2020
