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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $196.14
- 2 Days on Market
- MLS # : 2260530
- Updated Date : 01/09/2021 at 20:30
CONSTRUCTION
- Beds : 5
- Floor Size : 3,314 sqft
- Baths : 2 full
Listing Agent
Signature Real Estate Group
Listing Agent's Description
Absolutely Stunning 5bedroom 3 Bath home with Vaulted light filled Ceilings Featuring: Gorgeous Remodeled Kitchen, White Quartz Countertops, Stainless Steel Appliances, Farm style Bathrooms, 2 cozy fireplaces, Huge Master Suite with Custom Dual Sink, Dual Master Closets, Private Balconies Throughout. Relax in your Backyard retreat with Heated Pool, Spa and Cabana.
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: Coronado Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Coronado Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,510 |
| EXPENSES | Loan Payment | -$2,258 |
| Property Tax | -$381 | |
| Property Insurance | -$91 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$339
|
||
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.
$650,000
PROJECTED PRICE
$2,510
PROJECTED RENT
0.39%
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
$178,000
LOAN DETAILS
$2,258
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $162,500 |
| Loan Amount | $487,500 |
3.17
YEARS SAVED
$16,385
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,510
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,502
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
7782 Abalone Bay Street Las Vegas, NV 3
- 5 beds 2 baths ∙ 3,314 Sqft ∙ Built 2001 5 beds 2 baths ∙ 3,314 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $2,510
- $0.76
-
6571 Abalone Shell Court Las Vegas, NV 1
- 5 beds 2 baths ∙ 3,313 Sqft ∙ Built 2003 5 beds 2 baths ∙ 3,313 Sqft ∙ Built 2003
LEASED 07/09/20- Rent
- Rent Per SQFT
- $2,150
- $0.65
-
7850 Tidal Pool Court Las Vegas, NV 2
- 5 beds 2 baths ∙ 3,314 Sqft ∙ Built 2002 5 beds 2 baths ∙ 3,314 Sqft ∙ Built 2002
LEASED 05/09/20- Rent
- Rent Per SQFT
- $2,500
- $0.75
-
7765 Jacaranda Hill Court Las Vegas, NV 4
- 5 beds 3 baths ∙ 3,314 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,314 Sqft ∙ Built 2007
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,599
- $0.78
-
6683 Ironbound Bay Avenue #n/a Las Vegas, NV 5
- 5 beds 2 baths ∙ 3,313 Sqft ∙ Built 2002 5 beds 2 baths ∙ 3,313 Sqft ∙ Built 2002
LEASED 07/13/20- Rent
- Rent Per SQFT
- $2,795
- $0.84
PROPERTY LISTING DETAILS
1.702.830.0428
Signature Real Estate Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2260530
Last Updated: 01/09/2021
