Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $168.82
- 7 Days on Market
- MLS # : 2254510
- Updated Date : 12/10/2020 at 11:25
CONSTRUCTION
- Beds : 4
- Floor Size : 3,643 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Premier
Listing Agent's Description
Professional Pictures are Pending! Beautifully remodeled one story home in gated neighborhood of Shenandoah. Featuring an amazing yard with pool, 8 foot garage bay doors, Garage storage, 75 gallon water heater, central vac, water softener, S.S. kitchen appliances (Kenmore Elite 5 Burner, Double Builtin Kenmore ovens, builtin microwave, Kitchen Aide refrigerator and dishwasher), upgraded baseboards and crown moldings, fresh paint, Theater room with custom storage, hand honed limestone shower with leathered granite counters in guest bathroom, new kitchen cabinet hardware, new luxury vinyl plank flooring, Venetian plaster, wet bar, WINK LED lighting, and beautiful master bath with upgraded double shower and BIG walk in closet. Walls are all insulated and you can really sense the quality of the home when walking through. Shown by appointment only.
SEE MORE
- 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)
- 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)
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 | $2,700 |
| EXPENSES | Loan Payment | -$2,269 |
| Property Tax | -$479 | |
| Property Insurance | -$98 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$265
|
||
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.
$615,000
PROJECTED PRICE
$2,700
PROJECTED RENT
0.44%
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
$168,725
LOAN DETAILS
$2,269
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $153,750 |
| Loan Amount | $461,250 |
3.67
YEARS SAVED
$24,261
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,700
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$2,778
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
7240 Heggie Avenue Las Vegas, NV 2
- 4 beds 3 baths ∙ 3,643 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,643 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $2,700
- $0.74
-
7501 Brittlethorne Avenue Las Vegas, NV 1
- 4 beds 3 baths ∙ 3,676 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,676 Sqft ∙ Built 1997
![property image]()
LEASED 08/11/20- Rent
- Rent Per SQFT
- $2,300
- $0.63
-
8025 Villa Belen Street Las Vegas, NV 3
- 5 beds 3 baths ∙ 3,710 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,710 Sqft ∙ Built 2003
![property image]()
LEASED 07/29/19- Rent
- Rent Per SQFT
- $2,895
- $0.78
-
8301 Mount Logan Court Las Vegas, NV 4
- 4 beds 4 baths ∙ 3,854 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,854 Sqft ∙ Built 2004
![property image]()
LEASED 08/23/19- Rent
- Rent Per SQFT
- $3,000
- $0.78
-
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
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $3,250
- $0.86
PROPERTY LISTING DETAILS
1.702.373.7799
Coldwell Banker Premier
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2254510
Last Updated: 12/10/2020
