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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $287.49
- 1 Days on Market
- MLS # : 2312598
- Updated Date : 07/13/2021 at 09:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,087 sqft
- Baths : 2 full , 1 half
Listing Agent
Love Local Real Estate
Listing Agent's Description
THIS UNIQUE SINGLE STORY HOME HAS 3 BEDROOMS 2 1/2 BATHS* 3 CAR GARAGE AND IS LOCATED ON A 1/2 ACRE LOT NESTLED IN A QUIET STREET WITH NO NEIGHBORS BEHIND. *PRIVATE BACKYARD** COMPLETELY REMODELED KITCHEN WITH CUSTOM CHERRY CABINETS*BUTCHER BLOCK ISLAND *WOLF GAS STOVE*FARMER'S SINK*SIDE BY SIDE FRIDGE AND FREEZER* UPDATED MASTER BATHROOM AND MASTER CLOSET* DID I MENTION A HUGE SHED ON THE SIDE OF GARAGE AND A 10 PERSON HOT TUB WITH NEW COVER?THE BACKYARD IS A GARDENER'S OASIS AND HAS PLENTY OF ROOM FOR A POOL* YOU COULD GET LOST OUT THERE* THE HOME ALSO FEATURES A NEW PERGOLA AND THERE IS OPPORTUNITY TO EXTEND SIDE YARD 20 FEET* ADDED BONUS *ROLLADEN SHUTTERS THROUGHOUT HOME IN KEEP THE COOL AIR IN THE SUMMER AND KEEP IT HE HOME WARM IN THE WINTER AS WELL AS ADDED SECURITY. TOO MANY UPGRADES TO MENTION!
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: Hillstone Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hillstone Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$2,084 |
| Property Tax | -$316 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$897
|
||
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.
$600,000
PROJECTED PRICE
$1,690
PROJECTED RENT
0.28%
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
$164,750
LOAN DETAILS
$2,084
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $150,000 |
| Loan Amount | $450,000 |
0.17
YEARS SAVED
$89
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,701
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
7400 Michelle Avenue Las Vegas, NV 2
- 3 beds 3 baths ∙ 2,087 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,087 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $1,690
- $0.81
-
7209 Golden Falcon Street Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 1998
![property image]()
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,495
- $0.78
-
7729 Falconwing Avenue Las Vegas, NV 3
- 3 beds 3 baths ∙ 2,284 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,284 Sqft ∙ Built 1999
![property image]()
LEASED 10/28/20- Rent
- Rent Per SQFT
- $1,700
- $0.74
-
7208 Golden Falcon Street Las Vegas, NV 4
- 3 beds 3 baths ∙ 2,284 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,284 Sqft ∙ Built 1998
![property image]()
LEASED 11/18/20- Rent
- Rent Per SQFT
- $1,995
- $0.87
-
7205 Golden Falcon Street Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 1998
![property image]()
LEASED 01/09/21- Rent
- Rent Per SQFT
- $1,995
- $0.87
PROPERTY LISTING DETAILS
1.702.626.6002
Love Local Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2312598
Last Updated: 07/13/2021
