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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $170.67
- 5 Days on Market
- MLS # : 2260964
- Updated Date : 01/16/2021 at 04:18
CONSTRUCTION
- Beds : 3
- Floor Size : 2,332 sqft
- Baths : 2 full
Listing Agent
Century 21 Americana
Listing Agent's Description
JUST LIKE NEW. GREAT 3 BED HOME WITH BED AND BATH DOWSTAIRS. VERY OPEN FLOOR PLAN WITH GREAT LIGHTING. BEAUTIFUL KITCHEN WITH DARK CABINETS AND QUARTZ COUNTERTOPS.STAINLESS APPLIANCES AND WASHER DRYER INCLUDED.DESERT LANDSCAPE FOR EASY MAINTANCE. TOO MANY UPGRADES TO LIST. MUST SEE!!
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: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,382 |
| Property Tax | -$277 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$61
|
||
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.
$398,000
PROJECTED PRICE
$1,790
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.8% |
| 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
$111,220
LOAN DETAILS
$1,382
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,500 |
| Loan Amount | $298,500 |
5.08
YEARS SAVED
$20,850
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,831
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
7458 Amesbury Street Las Vegas, NV 2
- 3 beds 2 baths ∙ 2,332 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,332 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $1,790
- $0.77
-
7338 Amesbury Street Las Vegas, NV 1
- 4 beds 2 baths ∙ 2,332 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,332 Sqft ∙ Built 2017
LEASED 04/22/20- Rent
- Rent Per SQFT
- $1,750
- $0.75
-
7381 Amesbury Street Las Vegas, NV 3
- 4 beds 2 baths ∙ 2,332 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,332 Sqft ∙ Built 2017
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,795
- $0.77
-
7428 Amesbury Street Las Vegas, NV 4
- 4 beds 1 baths ∙ 2,332 Sqft ∙ Built 2016 4 beds 1 baths ∙ 2,332 Sqft ∙ Built 2016
LEASED 10/25/20- Rent
- Rent Per SQFT
- $1,850
- $0.79
-
7339 Amesbury Street Las Vegas, NV 5
- 4 beds 2 baths ∙ 2,332 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,332 Sqft ∙ Built 2017
LEASED 02/11/20- Rent
- Rent Per SQFT
- $1,925
- $0.83
PROPERTY LISTING DETAILS
1.702.501.9966
Century 21 Americana
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2260964
Last Updated: 01/16/2021
