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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $211.91
- 3 Days on Market
- MLS # : 2255044
- Updated Date : 12/12/2020 at 11:14
CONSTRUCTION
- Beds : 3
- Floor Size : 1,864 sqft
- Baths : 2 full
Listing Agent
Nexthome Community Real Estate
Listing Agent's Description
~WOW!!~ Located in a NW GATED comm, this single-story 3car garage home HAS IT ALL! The 3bed/2bath home has been impeccably maintained and it shows... Pass through the adorable foyer, & enjoy the open concept floor plan~ opening right up to the NEWLY REMODELED CUSTOM KITCHEN~ an entertainers dream!! Custom Chocolate cabinetry with slow close features, granite countertops, herringbone tile backsplash & NEW SS appliances, including a WINE FRIDGE! The great room offers beautiful natural light courtesy of the large windows with brand new shutters! Enter the LARGE living room for plenty of space to entertain, accent walls, & entrance to your MASSIVE backyard! The spacious master suite boasts walk in closet, his/her vanities, large soaking tub & separate shower. Fresh paint & shutters throughout complete this AMAZING package. Located just across the street from walking trails which is your personal entrance to the beautiful Floyd Lamb Park!! YOU DON'T WANT TO MISS THIS ONE!!!!
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: Tule Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tule Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$1,457 |
| Property Tax | -$287 | |
| Property Insurance | -$63 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$217
|
||
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.
$395,000
PROJECTED PRICE
$1,710
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.7% |
| 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
$110,425
LOAN DETAILS
$1,457
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
3.33
YEARS SAVED
$12,831
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,734
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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- $1,650
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8161 Waltons Mill Court Las Vegas, NV 5
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LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,850
- $0.99
PROPERTY LISTING DETAILS
1.702.236.4249
Nexthome Community Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2255044
Last Updated: 12/12/2020
