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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $199.57
- 22 Days on Market
- MLS # : 2264546
- Updated Date : 02/13/2021 at 21:30
CONSTRUCTION
- Beds : 4
- Floor Size : 3,457 sqft
- Baths : 3 full
Listing Agent
Windermere Prestige Properties
Listing Agent's Description
Almost a half acre in gated community called Shenandoah Estates in the Northwest Las Vegas. Spacious two-story home almost 3500 sq ft w/ hard to find Four-car garage & RV parking, wide lot with possible 2 sided RV parking. There are 4 BR & 4 Fully renovated baths perfectly situated for privacy. Master suite has sitting area leading into a large renovated ensuite bath w/ walk-in tiled shower. Walk out to your private balcony off the master suite & enjoy the beauty of your private backyard. Outdoor paradise backyard w/ pool spa covered patio barbecue center & plenty of room for outdoor activities. Upgraded flooring including wood style ceramic flooring, designer carpet, gourmet kitchen w/ new stone countertops, white kitchen cabinets, & stainless steel appliance pkg including the refrigerator. Comfy family room w/ media niche & fireplace. Upstairs loft makes a perfect second TV room/Den, & All bathrooms are newly refinished including a 3/4 private guest suite bath upstairs.
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 | $2,800 |
| EXPENSES | Loan Payment | -$2,396 |
| Property Tax | -$479 | |
| Property Insurance | -$94 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$288
|
||
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.
$689,900
PROJECTED PRICE
$2,800
PROJECTED RENT
0.41%
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
$188,574
LOAN DETAILS
$2,396
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $172,475 |
| Loan Amount | $517,425 |
3.58
YEARS SAVED
$22,019
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,800
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,826
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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7311 Sibley Avenue Las Vegas, NV 3
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- Rent Per SQFT
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8228 Fawn Brook Court Las Vegas, NV 1
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8232 Deer Springs Way Las Vegas, NV 2
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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
1.702.505.2775
Windermere Prestige Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2264546
Last Updated: 02/13/2021
