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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $191.41
- 2 Days on Market
- MLS # : 2271584
- Updated Date : 02/20/2021 at 21:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,142 sqft
- Baths : 2 full , 1 half
Listing Agent
Local Realty
Listing Agent's Description
Outstanding move-in ready home in a gated community, w/ pavestone driveways & gas styled street lamps. Covered front porch, beautiful 20x20 Travertine floors through out all downstairs. New wood floors through out the stairs and great room. Gourmet Kitchen w/ granite island and upgraded cabinets w/ stainless steel appliances INCLUDED. Oversized enclosed great room w/ awesome built in bar. The Master bdrm down/ w luxurious bath! French doors down stairs lead to the tranquil backyard w/pavestone patio & Inground Spa! This gorgeous corner cul-de-sac home won't last long!
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: Mountain Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Edge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,424 |
| Property Tax | -$261 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$173
|
||
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.
$410,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.4% |
| 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
$114,400
LOAN DETAILS
$1,424
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $102,500 |
| Loan Amount | $307,500 |
3.67
YEARS SAVED
$13,532
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,708
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
8152 Cheerful Valley Avenue Las Vegas, NV 4
- 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,142 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,700
- $0.79
-
8286 River Beach Avenue Las Vegas, NV 1
- 3 beds 3 baths ∙ 2,010 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,010 Sqft ∙ Built 2008
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LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,500
- $0.75
-
9799 Twin Ponds Court Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,010 Sqft ∙ Built 2006
![property image]()
LEASED 11/05/20- Rent
- Rent Per SQFT
- $1,595
- $0.79
-
9459 Gypsum Quarry Street Las Vegas, NV 3
- 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,032 Sqft ∙ Built 2006
![property image]()
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,625
- $0.80
-
9751 Mount Kenyon Street Las Vegas, NV 5
- 3 beds 2 baths ∙ 2,102 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,102 Sqft ∙ Built 2006
![property image]()
LEASED 12/15/20- Rent
- Rent Per SQFT
- $1,785
- $0.85
PROPERTY LISTING DETAILS
1.702.890.4920
Local Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271584
Last Updated: 02/20/2021
