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PROPERTY INFO
FACTS
- Built In 1991
- Price/Sqft : $150.97
- 6 Days on Market
- MLS # : 2243215
- Updated Date : 10/30/2020 at 10:09
CONSTRUCTION
- Beds : 4
- Floor Size : 2,119 sqft
- Baths : 2 full
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
DON'T MISS OUT ON THIS HOME, LOCATED IN THE SOUTHWEST PART OF TOWN! This home offers 4 Bedrooms, 3 baths plus a Den, with one bedroom downstairs. Vaulted ceilings as you walk in to the main living room, tile on the first floor and hardwood flooring on the second floor. Kitchen has been updated with granite countertops, stainless steel applainces and refinished cabinets. Formal dinning area leads into the den, perfect for entertaining and second living room offers a fireplace. Pivate backyard with covered patio. Home is minutes away from the strip and close to freeways and schools.
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: Spring Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Spring Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$1,180 |
| Property Tax | -$180 | |
| Property Insurance | -$68 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$28
|
||
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.
$319,900
PROJECTED PRICE
$1,520
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.9% |
| 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
$90,524
LOAN DETAILS
$1,180
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
5.58
YEARS SAVED
$22,809
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,663
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
7708 Beverly Hills Drive Las Vegas, NV 1
- 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $1,520
- $0.72
-
7965 Bonaventure Drive #0 Las Vegas, NV 2
- 4 beds 2 baths ∙ 2,158 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,158 Sqft ∙ Built 1996
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,695
- $0.79
-
4755 Norfolk Court Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 1988
LEASED 11/04/19- Rent
- Rent Per SQFT
- $1,750
- $0.77
-
8117 Sundown Vista Avenue Las Vegas, NV 4
- 5 beds 2 baths ∙ 2,274 Sqft ∙ Built 1995 5 beds 2 baths ∙ 2,274 Sqft ∙ Built 1995
LEASED 02/26/20- Rent
- Rent Per SQFT
- $1,800
- $0.79
-
4738 Beaconsfield Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,266 Sqft ∙ Built 1987
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,800
- $0.79
PROPERTY LISTING DETAILS
1.702.217.4842
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2243215
Last Updated: 10/30/2020
