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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $126.64
- 5 Days on Market
- MLS # : 2256253
- Updated Date : 12/17/2020 at 18:30
CONSTRUCTION
- Beds : 5
- Floor Size : 4,422 sqft
- Baths : 3 full
Listing Agent
Exp Realty
Listing Agent's Description
Don't miss on a great opportunity to call this house a home. Located in the master plan community of Providence. Features 5 bedrooms and 3 full bathrooms with bedroom and bathroom on the first floor. Family room with cozy fireplace. Large well maintained backyard with covered patio. Master bedroom is on the second floor with private den/office and balcony looking over the Strip and mountains. Formal living and dining room. Kitchen is for master chef equipped with island ,double oven, granite countertops, maple cabinets and tile flooring. Too many upgrades to describe it has to be seen to appreciate. Seller will pay towards flooring. Put in an offer today. Tomorrow will be gone.
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: Cliffs Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cliffs Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,570 |
| EXPENSES | Loan Payment | -$2,066 |
| Property Tax | -$491 | |
| Property Insurance | -$113 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$219
|
||
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.
$560,000
PROJECTED PRICE
$2,570
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 7.9% |
| 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
$154,150
LOAN DETAILS
$2,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $140,000 |
| Loan Amount | $420,000 |
3.67
YEARS SAVED
$23,192
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,570
LIST RENT -
$0.58
LIST RENT PER SQFT
-
$2,587
COMP ESTIMATED VALUE -
$0.59
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 08/10/20- Rent
- Rent Per SQFT
- $2,600
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9481 Kickapoo Avenue Las Vegas, NV 5
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LEASED 09/22/20- Rent
- Rent Per SQFT
- $2,800
- $0.63
PROPERTY LISTING DETAILS
1.702.292.1156
Exp Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256253
Last Updated: 12/17/2020
