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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $171.95
- 2 Days on Market
- MLS # : 2280270
- Updated Date : 03/20/2021 at 23:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,471 sqft
- Baths : 2 full , 1 half
Listing Agent
Queensridge Realty
Listing Agent's Description
TWO YEARS NEW 4 BEDROOM 3 BATH HOME IN CHARMING GATED PROVIDENCE COMMUNITY. HOME FEATURES 9 FOOT CEILINGS. BEAUTIFUL KITCHEN IS UPGRADED WITH STAINLESS STEEL APPLIANCES, GRANITE COUNTERTOPS, MODERN CABINETS (42" UPPERS), AND AN EXTRA LARGE ISLAND WITH LOTS OF SEATING ALL OPEN TO THE COMFORTABLE OVERSIZED GREAT ROOM. ALSO DOWNSTAIRS IS A DEN THAT COULD EASILY BE MADE INTO AN ADDITIONAL BEDROOM. THE MASTER BEDROOM UPSTAIRS HAS A LARGE WALK IN CLOSET AND A BEAUTIFUL BATHROOM WITH DOUBLE SINKS, SOAKING TUB AND SEPERATE SHOWER. ROOMY SECONDARY BEDROOMS AND LAUNDRY ROOM AS WELL AS A SPACIOUS LOFT FOR GAMES, STUDY AND TV AREA. DRIVEWAY, WALKWAY AND PATIO COMPLETE WITH PAVERS. BACKYARD IS ALSO FINISHED WITH SYNTHEIC GRASS AND HAS POWER HOOK UP FOR A FUTURE POOL OR SPA. ENERGY PLUS HOME. CONVENIENTLY LOCATED CLOSE TO TONS OF SHOPPING, SCHOOLS, PARKS AND THE 215 FREEWAY. EXCELLENT..DONT MISS IT!
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: Cliffs Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cliffs Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,140 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$356 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$114
|
||
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.
$424,900
PROJECTED PRICE
$2,140
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 7.9% |
| 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
$118,349
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,225 |
| Loan Amount | $318,675 |
7.25
YEARS SAVED
$37,870
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,144
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
7920 Calito Street Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,471 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $2,140
- $0.87
-
10548 Laurel Mountain Lane Las Vegas, NV 1
- 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 2017
LEASED 03/28/20- Rent
- Rent Per SQFT
- $2,100
- $0.83
-
10120 Nash Peak Avenue Las Vegas, NV 2
- 5 beds 3 baths ∙ 2,591 Sqft ∙ Built 2012 5 beds 3 baths ∙ 2,591 Sqft ∙ Built 2012
LEASED 01/21/21- Rent
- Rent Per SQFT
- $2,100
- $0.81
-
7955 Forspence Court Las Vegas, NV 4
- 4 beds 2 baths ∙ 2,471 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,471 Sqft ∙ Built 2018
LEASED 11/25/20- Rent
- Rent Per SQFT
- $2,290
- $0.93
-
7904 Airola Peak Street Las Vegas, NV 5
- 4 beds 2 baths ∙ 2,559 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,559 Sqft ∙ Built 2007
LEASED 07/07/20- Rent
- Rent Per SQFT
- $2,300
- $0.90
PROPERTY LISTING DETAILS
1.702.540.9299
Queensridge Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2280270
Last Updated: 03/20/2021
