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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $184.34
- 5 Days on Market
- MLS # : 2270983
- Updated Date : 02/20/2021 at 21:25
CONSTRUCTION
- Beds : 3
- Floor Size : 2,414 sqft
- Baths : 1 full , 1 half
Listing Agent
Keller Williams Market Place
Listing Agent's Description
2019 built, American West home located in the SW area of Las Vegas! This 2,414 sq ft home features 3 bd 3 baths, downstairs living area, 2 car garage! Open kitchen with upgraded cabinets, granite countertops, stainless steel appliances, and kitchen island/breakfast bar! Electric fireplace in the living/family room! Master bath features an oversized shower, double sink, and walk-in closet!
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: Spring Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Spring Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,546 |
| Property Tax | -$365 | |
| Property Insurance | -$74 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$153
|
||
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.
$445,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.9% |
| 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
$123,675
LOAN DETAILS
$1,546
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $111,250 |
| Loan Amount | $333,750 |
3.75
YEARS SAVED
$15,682
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,034
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
8035 Carpenter Creek Avenue Las Vegas, NV 4
- 3 beds 2 baths ∙ 2,414 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,414 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $1,950
- $0.81
-
7428 Amesbury Street Las Vegas, NV 1
- 4 beds 1 baths ∙ 2,332 Sqft ∙ Built 2016 4 beds 1 baths ∙ 2,332 Sqft ∙ Built 2016
LEASED 10/25/20- Rent
- Rent Per SQFT
- $1,850
- $0.79
-
6415 Pochman Mesa Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2016
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,880
- $0.83
-
6447 Pochman Mesa Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 2016
LEASED 06/24/20- Rent
- Rent Per SQFT
- $1,900
- $0.84
-
8058 Encanterra Road Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 2015
LEASED 01/29/20- Rent
- Rent Per SQFT
- $2,000
- $0.91
PROPERTY LISTING DETAILS
1.702.461.5784
Keller Williams Market Place
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2270983
Last Updated: 02/20/2021
