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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $165.15
- 4 Days on Market
- MLS # : 2272558
- Updated Date : 02/25/2021 at 10:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,422 sqft
- Baths : 2 full , 1 half
Listing Agent
Simply Vegas
Listing Agent's Description
This exquisite 2,422 sq. ft. property nestled in the Northwest side of town is sure to delight! This Open Concept Floor Plan features Plantation Shutters, Porcelain Tile, Crown Moulding on Kitchen Cabinets, Granite Countertops, Granite Island w/extra Cabinets, Fireplace, Recessed Lighting, Ceiling Fans throughout and much more!!! As you approach your new home you'll be greeted by a Paved Driveway, Covered Porch, and Decorative Front Security Door leading you into the Formal Living Area! Follow the Wrought Iron Banister upstairs to the Loft, Laundry Room, or any of 3 Bedrooms! Primary Bedroom with En Suite, Double Vanity Sinks, Mirrored Walk-In Closet, Separate Shower and Tub for ultimate relaxation! Low Maintenance Backyard featuring Covered Patio with Ceiling Fan and Recessed Lights, Boulder Rock Retaining Wall, and Desert Landscaping. Walk your dogs and/or enjoy some outdoor fun with your family at one of the two Community Parks! Included Fridge, Washer & Dryer make this turn-key!
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: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$295 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$78
|
||
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.
$399,999
PROJECTED PRICE
$1,800
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.3% |
| 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
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $299,999 |
4.67
YEARS SAVED
$19,387
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,877
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
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9124 Palatial Palette Court Las Vegas, NV 1
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LEASED 01/15/21- Rent
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- $1,695
- $0.76
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7661 Woven Sands Street Las Vegas, NV 2
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LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,795
- $0.81
-
9528 Victory Garden Avenue Las Vegas, NV 3
- 3 beds 3 baths ∙ 2,405 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,405 Sqft ∙ Built 2006
LEASED 10/16/20- Rent
- Rent Per SQFT
- $1,795
- $0.75
-
7637 Sonora View Street Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 2005
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,895
- $0.78
PROPERTY LISTING DETAILS
1.702.370.8168
Simply Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2272558
Last Updated: 02/25/2021
