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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $250.64
- 24 Days on Market
- MLS # : 2246335
- Updated Date : 11/25/2020 at 16:30
CONSTRUCTION
- Beds : 2
- Floor Size : 1,157 sqft
- Baths : 1 full
Listing Agent
Elite Realty
Listing Agent's Description
Serene location on the Aliante Golf Course in Sun City aliante. In a cul-de-sac with mountain views in front and golf and mountain views from inside and back yard. Big open kitchen with nook that overlooks great room. Lots of storage and counter space! Bedrooms are separated from each other. Covered patio and extended pavered patio to enjoy the golf course and nature's tranquility. All appliances included. No SID. Wonderful community facilities--tennis, pickle ball, indoor pool & spa, library, billiards, etc., etc--just for residents.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Sun City Aliante
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Aliante
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,250 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$198 | |
| Property Insurance | -$50 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$187
|
||
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.
$289,990
PROJECTED PRICE
$1,250
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| 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
$82,597
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,498 |
| Loan Amount | $217,493 |
2.83
YEARS SAVED
$7,546
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,250
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$1,114
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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- $1,295
- $0.97
-
6681 Lookout Lodge Lane #2 North Las Vegas, NV 4
- 2 beds 3 baths ∙ 1,332 Sqft ∙ Built 2004 2 beds 3 baths ∙ 1,332 Sqft ∙ Built 2004
LEASED 06/10/20- Rent
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- $1,295
- $0.97
-
3408 President Pride Place #2 North Las Vegas, NV 5
- 2 beds 3 baths ∙ 1,332 Sqft ∙ Built 2004 2 beds 3 baths ∙ 1,332 Sqft ∙ Built 2004
LEASED 08/06/20- Rent
- Rent Per SQFT
- $1,295
- $0.97
PROPERTY LISTING DETAILS
1.702.768.8474
Elite Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2246335
Last Updated: 11/25/2020
