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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $175.64
- 6 Days on Market
- MLS # : 2259392
- Updated Date : 01/06/2021 at 20:27
CONSTRUCTION
- Beds : 4
- Floor Size : 2,471 sqft
- Baths : 3 full , 1 half
Listing Agent
Elite Realty
Listing Agent's Description
WOW!!! This home has it all!! 4 Bedrooms , 3 1/2 baths, gated. low maintenance yard with Putting Green in Providence. Den can made into 5th bedroom, it already has a closet, just need a door. Large Primary bedroom with another large bedroom upstairs with own bathroom. Home is certified water smart and Energy Star qualified home and 3 Zone Nest Thermostat. Tankless water heater, reverse osmosis with alkaline drinking water and a water softener. Gorgeous handmade, custom entertainment center designed just for the family room. Shutters throughout home. Has a loft upstairs for gaming or entertaining. Home feels much bigger than it is. Your buyers won't be disappointed in this one. In the new Skye Canyon area with Parks and shopping.
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: 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 | $2,000 |
| EXPENSES | Loan Payment | -$1,507 |
| Property Tax | -$351 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$52
|
||
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.
$434,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.46%
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
$120,760
LOAN DETAILS
$1,507
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $108,500 |
| Loan Amount | $325,500 |
5.17
YEARS SAVED
$23,338
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,082
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 08/25/20- Rent
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- $1,795
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LEASED 03/28/20- Rent
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- $2,100
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LEASED 07/07/20- Rent
- Rent Per SQFT
- $2,300
- $0.90
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![property image]()
LEASED 10/28/20- Rent
- Rent Per SQFT
- $2,300
- $0.86
PROPERTY LISTING DETAILS
1.702.806.1163
Elite Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2259392
Last Updated: 01/06/2021
