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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $184.18
- 2 Days on Market
- MLS # : 2253804
- Updated Date : 12/05/2020 at 21:17
CONSTRUCTION
- Beds : 5
- Floor Size : 4,501 sqft
- Baths : 3 full , 1 half
Listing Agent
General Realty Group Inc
Listing Agent's Description
Gorgeous, luxurious upgraded Toll Brother home in the desirable, gated community Madera. A must see! Over $150K in upgrades which includes upgraded flooring throughout entire home, custom shelves, cabinets, high end stainless steel appliances, granite countertops, spacious island for serving and entertaining, fireplaces, shutters, a master suite with sitting area, his and hers closets, and master bath with large shower and relaxing jacuzzi. Downstairs office, that can be a bedroom, has it's own private bathroom. Welcome to paradise in your own, very private backyard. Large backyard with mature landscaping, cover patio, palapas and large pool & spa where you can cool off during hot summers. Let's not forget the courtyard!!! Words don't do the justice.
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: Mountain Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,640 |
| EXPENSES | Loan Payment | -$3,059 |
| Property Tax | -$561 | |
| Property Insurance | -$114 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$1,213
|
||
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.
$829,000
PROJECTED PRICE
$2,640
PROJECTED RENT
0.32%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.4% |
| 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
$225,435
LOAN DETAILS
$3,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $207,250 |
| Loan Amount | $621,750 |
0.25
YEARS SAVED
$233
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,640
LIST RENT -
$0.59
LIST RENT PER SQFT
-
$2,633
COMP ESTIMATED VALUE -
$0.59
COMP AVG. RENT PER SQFT
Comps Range
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7715 Wishing Pond Avenue Las Vegas, NV 4
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9516 Trattoria Las Vegas, NV 1
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- $2,499
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- 5 beds 3 baths ∙ 4,449 Sqft ∙ Built 2006 5 beds 3 baths ∙ 4,449 Sqft ∙ Built 2006
LEASED 03/12/20- Rent
- Rent Per SQFT
- $2,550
- $0.57
-
8069 Luna Sera Avenue Las Vegas, NV 3
- 5 beds 4 baths ∙ 4,391 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,391 Sqft ∙ Built 2006
LEASED 08/27/20- Rent
- Rent Per SQFT
- $2,550
- $0.58
-
9027 Greek Palace Avenue Las Vegas, NV 5
- 5 beds 5 baths ∙ 4,264 Sqft ∙ Built 2007 5 beds 5 baths ∙ 4,264 Sqft ∙ Built 2007
LEASED 03/02/20- Rent
- Rent Per SQFT
- $2,650
- $0.62
PROPERTY LISTING DETAILS
1.702.505.1331
General Realty Group Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2253804
Last Updated: 12/05/2020
