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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $178.17
- 3 Days on Market
- MLS # : 2276564
- Updated Date : 03/06/2021 at 18:49
CONSTRUCTION
- Beds : 4
- Floor Size : 2,071 sqft
- Baths : 2 full , 1 half
Listing Agent
Nv Broker & Associates, Llc
Listing Agent's Description
This fabulous 4bd/3ba open-concept home on an oversized lot in the Northwest features double fireplaces, media/family rooms, and entertaining space galore! Recently remodeled with new paint throughout and an outdoor BBQ and wet bar. The backyard entertainer's paradise offers a covered patio, fire pit, and RV/boat parking. On the main level, you'll find a sunlit kitchen with granite countertops, Upstairs, the master bedroom offers a retreat, with vaulted ceilings and a large bath. Laundry room upstairs! The Centennial Hills area is close to desirable schools, nearby parks, shopping, dining, and freeway access.
SEE MORE
- 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)
- 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)
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 | $1,630 |
| EXPENSES | Loan Payment | -$1,282 |
| Property Tax | -$231 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$69
|
||
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.
$369,000
PROJECTED PRICE
$1,630
PROJECTED RENT
0.44%
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
$103,535
LOAN DETAILS
$1,282
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,250 |
| Loan Amount | $276,750 |
5
YEARS SAVED
$18,652
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,719
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
7737 Sanction Avenue Las Vegas, NV 3
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- Rent
- Rent Per SQFT
- $1,630
- $0.79
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- $1,550
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LEASED 11/01/20- Rent
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- $1,600
- $0.78
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7401 Gran Paradiso Las Vegas, NV 4
- 4 beds 2 baths ∙ 2,067 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,067 Sqft ∙ Built 2003
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,750
- $0.85
-
7605 Donald Nelson Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,058 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,058 Sqft ∙ Built 1999
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,795
- $0.87
PROPERTY LISTING DETAILS
1.702.931.4508
Nv Broker & Associates, Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2276564
Last Updated: 03/06/2021
