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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $222.36
- 4 Days on Market
- MLS # : 2268941
- Updated Date : 02/12/2021 at 21:41
CONSTRUCTION
- Beds : 3
- Floor Size : 3,148 sqft
- Baths : 2 full , 1 half
Listing Agent
Platinum R.e. Professionals
Listing Agent's Description
WHOA NELLY SEMI CUSTOM STUNNER! THOUSANDS IN UPGRADES JUST LIKE A MODEL! A CALIFORNIA EXODUS FAVORITE! SUPER RARE ONE STORY WITH LOFT! Beautiful entry way with custom iron door leads you to nice open floor plan. Gourmet like kitchen with upgraded cabinets and stunning granite that over looks the entertainment room, perfect for surround sound sports & entertainment. Take a stroll out back with your covered patio and create your own mini personal park with sparkling pool on huge premium lot with private park as your neighbor. The master bedroom can be you own Private Penthouse with spa like master bathroom. Large secondary bedrooms that are separate from the master for complete privacy. Don't forget the bonus loft perfect for game room, movies or double master. HISTORIC HOME SHORTAGE LOWEST ON RECORD HOME VALUES SKY ROCKET DONT DELAY CLICK TODAY
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 | $1,910 |
| EXPENSES | Loan Payment | -$2,431 |
| Property Tax | -$490 | |
| Property Insurance | -$88 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$1,219
|
||
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.
$700,000
PROJECTED PRICE
$1,910
PROJECTED RENT
0.27%
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
$191,250
LOAN DETAILS
$2,431
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $175,000 |
| Loan Amount | $525,000 |
0.08
YEARS SAVED
$56
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$0.61
LIST RENT PER SQFT
-
$2,660
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
7327 Durand Park Street Las Vegas, NV 1
- 4 beds 3 baths ∙ 3,148 Sqft ∙ Built 2019 4 beds 3 baths ∙ 3,148 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $1,910
- $0.61
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6615 Brooklyn Heights Street Las Vegas, NV 2
- 4 beds 2 baths ∙ 3,031 Sqft ∙ Built 2009 4 beds 2 baths ∙ 3,031 Sqft ∙ Built 2009
LEASED 08/16/20- Rent
- Rent Per SQFT
- $2,375
- $0.78
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10145 Rockridge Peak Avenue #0 Las Vegas, NV 3
- 5 beds 3 baths ∙ 3,126 Sqft ∙ Built 2009 5 beds 3 baths ∙ 3,126 Sqft ∙ Built 2009
LEASED 11/09/20- Rent
- Rent Per SQFT
- $2,499
- $0.80
-
10412 Turtle Mountain Avenue Las Vegas, NV 4
- 5 beds 2 baths ∙ 3,040 Sqft ∙ Built 2007 5 beds 2 baths ∙ 3,040 Sqft ∙ Built 2007
LEASED 09/30/20- Rent
- Rent Per SQFT
- $2,700
- $0.89
-
7033 Whitford Street Las Vegas, NV 5
- 5 beds 3 baths ∙ 3,229 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,229 Sqft ∙ Built 2010
LEASED 09/17/20- Rent
- Rent Per SQFT
- $2,950
- $0.91
PROPERTY LISTING DETAILS
1.702.617.4637
Platinum R.e. Professionals
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2268941
Last Updated: 02/12/2021
