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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $162.91
- 2 Days on Market
- MLS # : 2258466
- Updated Date : 01/02/2021 at 21:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,793 sqft
- Baths : 3 full
Listing Agent
Nexthome Community Real Estate
Listing Agent's Description
Beautiful 4 bedroom, 3 full bath Home in great Northwest neighborhood. Upgrades galore. Gorgeous wood/Lam floors, newer carpet, custom paint, garage storage, newer lighting fixtures, ceiling fans only begin to describe this great home. Bedroom and full bath down. Upstairs has huge loft with custom barn door. Amazing kitchen with lots of cabinets, granite counters, backsplash, built in oven and microwave. Separate formal living room. Don't forget the amazing backyard with synthetic grass, newly plastered and tiled pool and spa with removeable kid safety gate. Located close to schools, shopping and freeways. This house has it all....
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: Appaloosa Canyon Quarterhorse Falls
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Appaloosa Canyon Quarterhorse Falls
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,679 |
| Property Tax | -$254 | |
| Property Insurance | -$81 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$383
|
||
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.
$455,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.6% |
| 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
$126,325
LOAN DETAILS
$1,679
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $113,750 |
| Loan Amount | $341,250 |
2.08
YEARS SAVED
$7,021
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.63
LIST RENT PER SQFT
-
$1,920
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,100
- $0.78
PROPERTY LISTING DETAILS
1.702.250.1090
Nexthome Community Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2258466
Last Updated: 01/02/2021
