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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $138.57
- 2 Days on Market
- MLS # : 2247940
- Updated Date : 11/14/2020 at 20:21
CONSTRUCTION
- Beds : 4
- Floor Size : 2,525 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Americana
Listing Agent's Description
BEAUTIFUL SINGLE STORY 4 BEDROOM, 2.5 BATH, 3 CAR GARAGE HOME. FEATURES INCLUDE A SPACIOUS KITCHEN WITH LOTS OF CABINETS, GRANITE COUNTERTOPS, BUILT IN OVEN, GAS COOKTOP, ISLAND/BREAKFAST BAR OPEN TO FAMILY ROOM, ALL APPLIANCES INCLUDED, RECESSED LIGHTING, VAULTED CEILINGS, FORMAL LIVING/DINING ROOM, SKYLIGHT IN ENTRY. LARGE MASTER BEDROOM, MASTER BATH WITH DOUBLE SINKS, SEPARATE SHOWER/TUB, WALK IN CLOSET, BLINDS, CEILING FANS, TILE & CARPET THROUGHOUT. SEPARATE LAUNDRY ROOM, SOLAR PANELS, CABINETS IN GARAGE, LARGE BACKYARD WITH COVERED PATIO.
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: Sunrise Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunrise Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,780 |
EXPENSES | Loan Payment | -$1,291 |
Property Tax | -$259 | |
Property Insurance | -$76 | |
Property Management Fees | -$119 | |
CASH FLOW
$35
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$349,900
PROJECTED PRICE
$1,780
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.75% |
Appreciation Year (1-5) | 12.8% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 8.50% |
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
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $87,475 |
Loan Amount | $262,425 |
6.08
YEARS SAVED
$27,314
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.7
LIST RENT PER SQFT
-
$1,875
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.702.378.7038
Century 21 Americana
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2247940
Last Updated: 11/14/2020