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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $178.15
- 6 Days on Market
- MLS # : 2265050
- Updated Date : 01/28/2021 at 23:28
CONSTRUCTION
- Beds : 4
- Floor Size : 2,605 sqft
- Baths : 3 full , 1 half
Listing Agent
Real Estate Consultants Of Nv
Listing Agent's Description
Beautiful Warm Tone finishes: Custom backsplash in kitchen, two-toned paint ( Balanced Beige ), upgraded cabinets and hardware, 3" crown, 5" baseboards, extended cabinets at kitchen nook, stained open rail upstairs and down to match cabinets, upgraded tile flooring downstairs and upgraded carpet and pad, quartz countertops in both kitchen and bathrooms with 2 1/4 inch edge, electrical upgrades which include: pendant light pre-wires, flat-screen pre-wires, recessed lighting, pre-plumb for a laundry sink, bbq stub in backyard and patio cover.
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: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,220 |
| EXPENSES | Loan Payment | -$1,612 |
| Property Tax | -$339 | |
| Property Insurance | -$78 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$73
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 11% of earned rent to cover both maintenance and periods of vacancy.
$464,077
PROJECTED PRICE
$2,220
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.3% |
| Maintenance Year (1-5) | 3.00% |
| 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
$124,980
LOAN DETAILS
$1,612
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $116,019 |
| Loan Amount | $348,058 |
6.67
YEARS SAVED
$37,684
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,220
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,214
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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- $2,300
- $0.86
PROPERTY LISTING DETAILS
1.702.596.2040
Real Estate Consultants Of Nv
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2265050
Last Updated: 01/28/2021
