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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $218.54
- 3 Days on Market
- MLS # : 2271158
- Updated Date : 02/20/2021 at 01:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,963 sqft
- Baths : 1 full
Listing Agent
Wardley Real Estate
Listing Agent's Description
Visit this upgraded, turnkey home in a quiet gated community. The crisp, clean walls boast a demure palette & are accented by brand-new attractive floors & beautiful archways. The open-concept living room is flanked w/windows to allow in natural light & is complete with built-in shelves/entertainment center. The gourmet kitchen is a chef's dream w/attractive cabinets & sparkling granite counters. Soft recessed lighting & alluring pendant light fixtures make meal preparation a breeze amidst the modern SS appliances. The master bedroom ensures a good night's rest w/beautiful ceiling fan, walk-in closet & modern master bath. The 2 bright guest bedrooms boast clean walls & immaculate floors. Gorgeous plantations shutters appear throughout the home. The extended 2-car garage, with tankless waterheater, is an upgrade to fit large vehicles. Enjoy cocktails in the private backyard featuring new attractive desert landscaping, and the tasteful curb appeal in front completes this perfect picture.
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 | $1,810 |
| EXPENSES | Loan Payment | -$1,490 |
| Property Tax | -$301 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$165
|
||
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.
$429,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.42%
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
$119,435
LOAN DETAILS
$1,490
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $107,250 |
| Loan Amount | $321,750 |
3.67
YEARS SAVED
$14,485
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,909
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
7146 Tavita Street Las Vegas, NV 3
- 3 beds 1 baths ∙ 1,963 Sqft ∙ Built 2016 3 beds 1 baths ∙ 1,963 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $1,810
- $0.92
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7441 Poppy Hills Court Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,897 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,897 Sqft ∙ Built 2005
LEASED 10/28/20- Rent
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- $1,675
- $0.88
-
7447 Poppy Hills Court #n/a Las Vegas, NV 2
- 3 beds 3 baths ∙ 2,023 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,023 Sqft ∙ Built 2005
LEASED 11/02/20- Rent
- Rent Per SQFT
- $1,750
- $0.87
-
7478 Jade Meadows Street Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,844 Sqft ∙ Built 2017
LEASED 12/16/20- Rent
- Rent Per SQFT
- $1,895
- $1.03
-
8029 Salazar Court Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 2016
LEASED 01/27/21- Rent
- Rent Per SQFT
- $2,175
- $1.11
PROPERTY LISTING DETAILS
1.415.971.3379
Wardley Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271158
Last Updated: 02/20/2021
