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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $135.34
- 7 Days on Market
- MLS # : 2256627
- Updated Date : 12/21/2020 at 14:00
CONSTRUCTION
- Beds : 4
- Floor Size : 4,581 sqft
- Baths : 3 full , 1 half
Listing Agent
Coldwell Banker Premier
Listing Agent's Description
Stunning 4 Bedroom, 3.5 Bath, Spacious Open-Concept Home in the desirable Gated Saddle Peak Community at Nevada Trails! Gorgeous front Courtyard entry with custom-made iron doors and a private balcony overlooking. Home boasts newer wood laminate flooring throughout, vaulted ceilings, designer custom fit Chandelier, built in closets including custom closet in primary bedroom, extra cabinet storage, and an amazing open Loft! Kitchen has an oversized island with plenty of cabinets, and an abundance of granite countertop space! Expansive Backyard includes New Covered Back Patio and equipped with Hot Tub Spa & Electric Hook Ups! Office furniture in this home is included!
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: Nevada Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Nevada Trails
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,290 |
| EXPENSES | Loan Payment | -$2,288 |
| Property Tax | -$481 | |
| Property Insurance | -$116 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$286
|
||
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.
$620,000
PROJECTED PRICE
$3,290
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 5.5% |
| 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
$170,050
LOAN DETAILS
$2,288
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $155,000 |
| Loan Amount | $465,000 |
8.33
YEARS SAVED
$80,910
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,290
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$3,768
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
8018 Carson Creek Street Las Vegas, NV 1
- 4 beds 4 baths ∙ 4,581 Sqft ∙ Built 2004 4 beds 4 baths ∙ 4,581 Sqft ∙ Built 2004
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- Rent Per SQFT
- $3,290
- $0.72
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7547 Salvadora Place Las Vegas, NV 2
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LEASED 02/07/20- Rent
- Rent Per SQFT
- $3,499
- $0.74
-
8090 Carson Creek Street Las Vegas, NV 3
- 4 beds 4 baths ∙ 4,707 Sqft ∙ Built 2004 4 beds 4 baths ∙ 4,707 Sqft ∙ Built 2004
LEASED 09/07/19- Rent
- Rent Per SQFT
- $3,500
- $0.74
-
7702 Bear Ridge Street Las Vegas, NV 4
- 4 beds 4 baths ∙ 4,413 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,413 Sqft ∙ Built 2006
LEASED 04/29/20- Rent
- Rent Per SQFT
- $3,500
- $0.79
-
7762 Bear Ridge Street Las Vegas, NV 5
- 4 beds 4 baths ∙ 4,413 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,413 Sqft ∙ Built 2006
LEASED 09/15/20- Rent
- Rent Per SQFT
- $4,500
- $1.02
PROPERTY LISTING DETAILS
1.702.726.1592
Coldwell Banker Premier
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256627
Last Updated: 12/21/2020
