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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $248.06
- 3 Days on Market
- MLS # : 2261898
- Updated Date : 01/16/2021 at 03:00
CONSTRUCTION
- Beds : 4
- Floor Size : 4,898 sqft
- Baths : 4 full
Listing Agent
Resolution Realty
Listing Agent's Description
*Breathtaking single story in the lovely gated community of Canyon Falls Estates*This show stopper on nearly 1/2 an acre comes with RV Parking/detached casita/amazing backyard w/inground pool/spa & cv patio to name a few*Beautiful wrought iron gate leads you into this enchanting home with courtyard entry featuring pavers and great space for cozy outdoor living*Step into the main home and you'll find yourself awed by cathedral ceilings~ FABULOUS great room open to the kitchen and offers amazing views of the backyard*Gourmet kitchen with all the bells and whistles including informal dining area/stunning granite counters/upgraded cabinets/stainless appliances, espresso machine/breakfast bar*Gorgeous hardwood floors throughout entire home*Primary bedroom offers sitting area/his & hers closet--one used as a workout room and fantastic bathroom*All bedrooms are oversized!*Backyard w/detached casita looks out at stunning backyard~pool is solar heated*Truly too much to list! Thanks for showing!
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: 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 | $3,650 |
| EXPENSES | Loan Payment | -$4,220 |
| Property Tax | -$787 | |
| Property Insurance | -$122 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$1,598
|
||
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.
$1,215,000
PROJECTED PRICE
$3,650
PROJECTED RENT
0.30%
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
$327,725
LOAN DETAILS
$4,220
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $303,750 |
| Loan Amount | $911,250 |
0.25
YEARS SAVED
$508
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,650
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$3,674
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
7561 Corvina Avenue Las Vegas, NV 3
- 4 beds 4 baths ∙ 4,898 Sqft ∙ Built 2012 4 beds 4 baths ∙ 4,898 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $3,650
- $0.75
-
6697 Coronado Palms Avenue Las Vegas, NV 1
- 5 beds 3 baths ∙ 4,587 Sqft ∙ Built 2006 5 beds 3 baths ∙ 4,587 Sqft ∙ Built 2006
LEASED 11/01/19- Rent
- Rent Per SQFT
- $3,200
- $0.70
-
8090 Carson Creek Street Las Vegas, NV 2
- 4 beds 4 baths ∙ 4,707 Sqft ∙ Built 2004 4 beds 4 baths ∙ 4,707 Sqft ∙ Built 2004
LEASED 09/07/19- Rent
- Rent Per SQFT
- $3,500
- $0.74
-
8393 Bella Famiglia Avenue Las Vegas, NV 4
- 5 beds 4 baths ∙ 4,632 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,632 Sqft ∙ Built 2006
LEASED 07/28/20- Rent
- Rent Per SQFT
- $3,750
- $0.81
PROPERTY LISTING DETAILS
1.702.800.5054
Resolution Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2261898
Last Updated: 01/16/2021
