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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $185.82
- 7 Days on Market
- MLS # : 2262397
- Updated Date : 01/19/2021 at 23:53
CONSTRUCTION
- Beds : 3
- Floor Size : 2,610 sqft
- Baths : 2 full , 1 half
Listing Agent
Wynn Realty Group
Listing Agent's Description
Wynn Realty is proud to offer this gorgeous Guard Gated Golf Course/Mountain View property located in the beautiful area of Aliante!This pool sized corner lot has a covered patio right off of the family/dining area to lead you to the gas hookup for your BBQ.There is a 3 car garage and a large courtyard.In this spacious home you notice the shutters, high ceilings, and 8ft doors.The large living area can be used as a formal living/dining area and is perfect for entertaining!The den can be used as an office/media room!The family room features a cozy stone fireplace with surround sound which sits right off the kitchen/dining area.Down the wide hallway is 1 half bath and an entry to the primary bedroom.The oversized primary bedroom with windows overlooking backyard/mountains has a walk-in closet, double sinks, separate tub and shower, and separate toilet room!Around the corner you'll come upon 1 full bathroom, 2 bedrooms, and the separate laundry room leading to garage!NO SHOWINGS CURRENTLY
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: Club Aliante
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Club Aliante
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,300 |
EXPENSES | Loan Payment | -$1,685 |
Property Tax | -$385 | |
Property Insurance | -$78 | |
Property Management Fees | -$119 | |
CASH FLOW
$34
|
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.
$485,000
PROJECTED PRICE
$2,300
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.05% |
Appreciation Year (1-5) | 7.4% |
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
$134,275
LOAN DETAILS
$1,685
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $121,250 |
Loan Amount | $363,750 |
6.17
YEARS SAVED
$34,219
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,088
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.702.767.1505
Wynn Realty Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2262397
Last Updated: 01/19/2021