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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $155.83
- 2 Days on Market
- MLS # : 2263824
- Updated Date : 01/24/2021 at 00:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,476 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Vip
Listing Agent's Description
Beautiful 3 bed/2.5 bath home available at the end of a cul-de-sac. NW Las Vegas Community with a sparkling pool and just blocks from shopping and restaurants. Must see interior is open and bright with separate living and family rooms and attractive tile and wood-look flooring in all of the right places. Open concept kitchen features an island with breakfast bar seating. All bedrooms are upstairs as well as a loft area with lots of possibilities. The owner's suite includes a walk-in closet and a full bath. Low maintenance backyard offers a storage shed and patio seating area.
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: Lone Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lone Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$799 |
| Property Tax | -$170 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$226
|
||
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.
$230,000
PROJECTED PRICE
$1,370
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.3% |
| 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
$66,700
LOAN DETAILS
$799
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $57,500 |
| Loan Amount | $172,500 |
10.67
YEARS SAVED
$36,648
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,369
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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7261 Early Pioneer Avenue Las Vegas, NV 4
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- $1,225
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7329 Ribbon Ridge Avenue #n/a Las Vegas, NV 2
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LEASED 03/12/20- Rent
- Rent Per SQFT
- $1,299
- $0.88
-
4021 Broadriver Drive Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,403 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,403 Sqft ∙ Built 1993
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,300
- $0.93
-
7232 High Cascade Avenue #none Las Vegas, NV 5
- 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,480 Sqft ∙ Built 2005
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,400
- $0.95
PROPERTY LISTING DETAILS
1.702.460.8993
Keller Williams Vip
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2263824
Last Updated: 01/24/2021
