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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $195.37
- 3 Days on Market
- MLS # : 2259943
- Updated Date : 01/09/2021 at 03:30
CONSTRUCTION
- Beds : 5
- Floor Size : 2,917 sqft
- Baths : 3 full , 1 half
Listing Agent
Hudson Real Estate
Listing Agent's Description
IF YOUR LOOKING FOR A HIGHLY UPGRADED HOME LOCATED IN A GATED NW COMMUNITY THAT HAS FULL ACCESS R/V/BOAT PARKING WITH AMAZING HUGE POOL/SPA/WATER-SLIDE, FIRE PIT, OUTDOOR KITCHEN, HIGHLY UPGRADED T/O W NEWER CARPET, TWO TONE PAINT UPGRADED FLOORING, THAT HAS EXTENSIVE USE OF STONE & GRANITE THROUGH OUT WITH DOWN STAIRS MASTER + PLUS ADDITIONAL DOWN STAIRS BEDROOM + BONUS ROOM/DEN WITH ADDITIONAL ON SUITE BEDROOM & 3 CAR GARAGE + ISLAND KITCHEN THEN LOOK NO FURTHER! THIS ONE CHECKS ALL THE BOXES! WON'T LAST!
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: Stone Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stone Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,510 |
| EXPENSES | Loan Payment | -$1,979 |
| Property Tax | -$445 | |
| Property Insurance | -$84 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$117
|
||
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.
$569,900
PROJECTED PRICE
$2,510
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.5% |
| 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
$156,774
LOAN DETAILS
$1,979
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $142,475 |
| Loan Amount | $427,425 |
4.5
YEARS SAVED
$25,899
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,510
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,078
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
8078 Villa Del Viento Drive Las Vegas, NV 5
- 5 beds 4 baths ∙ 2,917 Sqft ∙ Built 2003 5 beds 4 baths ∙ 2,917 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $2,510
- $0.86
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7813 Natures Song Street Las Vegas, NV 1
- 4 beds 4 baths ∙ 2,610 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,610 Sqft ∙ Built 2004
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,900
- $0.73
-
7925 Brookfield Cove Avenue Las Vegas, NV 2
- 6 beds 3 baths ∙ 2,912 Sqft ∙ Built 2002 6 beds 3 baths ∙ 2,912 Sqft ∙ Built 2002
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,950
- $0.67
-
8163 Deer Clan Court #0 Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,971 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,971 Sqft ∙ Built 2001
LEASED 06/25/20- Rent
- Rent Per SQFT
- $1,990
- $0.67
-
7947 Quail Harbor Street Las Vegas, NV 4
- 5 beds 3 baths ∙ 2,694 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,694 Sqft ∙ Built 2001
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,100
- $0.78
PROPERTY LISTING DETAILS
1.702.871.9339
Hudson Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2259943
Last Updated: 01/09/2021
