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PROPERTY INFO
FACTS
- Built In 1996
- Price/Sqft : $180.17
- 4 Days on Market
- MLS # : 2243106
- Updated Date : 11/01/2020 at 09:49
CONSTRUCTION
- Beds : 4
- Floor Size : 2,420 sqft
- Baths : 2 full
Listing Agent
Triumph Property Management Co
Listing Agent's Description
~LOCATION, LOCATION, LOCATION!~Hard to find Summerlin 4 bedroom, 3 bath, POOL HOME with 3 car garage! Open floorplan & breath-taking CATHEDRAL ceilings make this house feel even larger than it's 2400+ square footage! Raised panel doors, GORGEOUS WOODLIKE FLOORING w/OVERSIZED baseboards, IMPECCABLE, one-of-a-kind white marble kitchen counters, all appliances (as-is) including stainless steel fridge, yard lighting, intercom system, gorgeous Pebbletech salt-water pool. JUST STUNNING WHITE KITCHEN! Bedroom downstairs with a 3/4 attached bathroom! OVERSIZED primary bedroom with HUGE BONUS sitting room attached retreat, HUGE double vanity, & HUGE walk in closet! Primary bedroom is upstairs separate from 3rd & 4th bedrooms! BACKYARD OASIS with artificial turf, SPARKLING POOL & great sized, well kept yard! SID is paid off!!
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: 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 | $2,030 |
| EXPENSES | Loan Payment | -$1,609 |
| Property Tax | -$294 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$66
|
||
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.
$436,000
PROJECTED PRICE
$2,030
PROJECTED RENT
0.47%
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
$121,290
LOAN DETAILS
$1,609
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $109,000 |
| Loan Amount | $327,000 |
5.25
YEARS SAVED
$27,786
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,030
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,021
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
8017 Nestled Vista Avenue Las Vegas, NV 4
- 4 beds 2 baths ∙ 2,420 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,420 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $2,030
- $0.84
-
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 2
- 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
-
8108 Sky Ridge Road Las Vegas, NV 3
- 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,400 Sqft ∙ Built 1994
LEASED 09/01/19- Rent
- Rent Per SQFT
- $2,000
- $0.83
-
1725 Mexican Poppy Street Las Vegas, NV 5
- 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
PROPERTY LISTING DETAILS
1.702.367.2323
Triumph Property Management Co
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2243106
Last Updated: 11/01/2020
