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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $179.35
- 3 Days on Market
- MLS # : 2256745
- Updated Date : 12/18/2020 at 20:30
CONSTRUCTION
- Beds : 5
- Floor Size : 3,457 sqft
- Baths : 4 full
Listing Agent
Century 21 Gavish Real Estate
Listing Agent's Description
Exquisite NW home that has it ALL!! This Beauty will WOW you from the moment you walk in. From the beautiful high ceilings to the spacious & functional floor plan with lots of personality. This property has been modernized with designer paint & new flooring. Cozy family room with fireplace, Huge open kitchen with island and ALL STAINLES STEEL APPLIANCES included. Bedroom and full bath downstairs, RV gate/area, Extra Large Primary Suite with a private balcony and spacious bedrooms all upstairs. Now lets talk about this INCREDIBLE BACKYARD!!! Beautiful French doors take you out to your dream backyard with a beautiful pool/spa, separate garden area, plenty of room for kids to play or pets to run and a huge side yard all surrounded by beautiful landscaping. This is like your own mini park! This beautiful home will not last as it is ONE OF A KIND!! It gives you all the bells and whistles AND feels like a warm place you can call HOME!!
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: Shenandoah
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Shenandoah
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,870 |
| EXPENSES | Loan Payment | -$2,288 |
| Property Tax | -$434 | |
| Property Insurance | -$94 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$65
|
||
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.
$620,000
PROJECTED PRICE
$2,870
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.5% |
| 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
$170,050
LOAN DETAILS
$2,288
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $155,000 |
| Loan Amount | $465,000 |
5.42
YEARS SAVED
$42,882
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,870
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,826
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
7240 Elderly Avenue Las Vegas, NV 3
- 5 beds 4 baths ∙ 3,457 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,457 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $2,870
- $0.83
-
8228 Fawn Brook Court Las Vegas, NV 1
- 5 beds 3 baths ∙ 3,165 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,165 Sqft ∙ Built 1998
LEASED 09/23/20- Rent
- Rent Per SQFT
- $2,295
- $0.73
-
8232 Deer Springs Way Las Vegas, NV 2
- 4 beds 3 baths ∙ 3,184 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,184 Sqft ∙ Built 1998
LEASED 02/03/20- Rent
- Rent Per SQFT
- $2,495
- $0.78
-
7293 Mount Kearsarge Street Las Vegas, NV 4
- 5 beds 5 baths ∙ 3,598 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,598 Sqft ∙ Built 2005
LEASED 03/10/20- Rent
- Rent Per SQFT
- $3,250
- $0.90
-
7620 Pleasant Colony Court Las Vegas, NV 5
- 4 beds 3 baths ∙ 3,775 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,775 Sqft ∙ Built 2006
LEASED 06/01/20- Rent
- Rent Per SQFT
- $3,250
- $0.86
PROPERTY LISTING DETAILS
1.702.205.5220
Century 21 Gavish Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256745
Last Updated: 12/18/2020
