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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $185.91
- 4 Days on Market
- MLS # : 2248546
- Updated Date : 11/19/2020 at 13:31
CONSTRUCTION
- Beds : 4
- Floor Size : 2,420 sqft
- Baths : 1 full
Listing Agent
Synergy Sothebys Int'l Realty
Listing Agent's Description
MAJOR RENOVATION BY INSURANCE CO. HAS MADE THIS HOME A BUYERS DREAM!*EVERYTHING FROM THE DRYWALL IN HAS BEEN REPLACED*NEW INTERIOR, NEW WINDOWS, NEW A/C UNITS, NEW LANDSCAPING*POPULAR WHITE & GRAY TONES THROUGH OUT*WHT.CABINETS,GRANITE COUNTERS IN KITCHEN & BATHS,GLASS TILE BACKSPLASH,S.S. SINK & APPLIANCES*GLASS TILE & STAINLESS STEEL FIREPLACE SURROUNDS WITH FLOATING MANTLE*BRUSHED NICKEL HARDWARE*CEILING FANS THRU-OUT*WOOD LOOK VINYL FLRS*6" BASEBOARDS*SOARING 18' CEILING IN LIV.ROOM*ENOURMOUS MASTER SUITE WITH 3 WAY FIREPLACE AND SITTING ROOM*LAVISH MR BATH, BIG W/I CLOSET*GUEST BED/BATH DOWNSTAIRS*VERY PRIVATE REAR YARD WITH 1 STORY HOMES BEHIND*WELL LANDSCAPED*STUCCO COVERED PATIO*3 CAR GARAGE*SHOWS EXCELLENT IN & OUT!***REFRIG. WASHER & DRYER ARE NOT INCLUDED IN LIST PRICE***
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: The Pueblo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Pueblo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,970 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$267 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$150
|
||
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.
$449,900
PROJECTED PRICE
$1,970
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 8.8% |
| 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
$124,974
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,475 |
| Loan Amount | $337,425 |
4.33
YEARS SAVED
$21,854
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,970
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,111
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
8004 Sky Ridge Road Las Vegas, NV 2
- 4 beds 1 baths ∙ 2,420 Sqft ∙ Built 1995 4 beds 1 baths ∙ 2,420 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,970
- $0.81
-
8112 Painted Clay Las Vegas, NV 1
- 4 beds 2 baths ∙ 2,420 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,420 Sqft ∙ Built 1997
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,915
- $0.79
-
1724 Mexican Poppy Street Las Vegas, NV 3
- 4 beds 2 baths ∙ 2,406 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,406 Sqft ∙ Built 1994
LEASED 09/18/20- Rent
- Rent Per SQFT
- $1,995
- $0.83
-
1725 Mexican Poppy Street Las Vegas, NV 4
- 4 beds 2 baths ∙ 2,406 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,406 Sqft ∙ Built 1994
LEASED 02/27/20- Rent
- Rent Per SQFT
- $2,150
- $0.89
-
1733 Wandering Winds Way Las Vegas, NV 5
- 4 beds 2 baths ∙ 2,247 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,247 Sqft ∙ Built 1994
LEASED 01/29/20- Rent
- Rent Per SQFT
- $2,200
- $0.98
PROPERTY LISTING DETAILS
1.702.376.0122
Synergy Sothebys Int'l Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2248546
Last Updated: 11/19/2020
