Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $237.97
- 7 Days on Market
- MLS # : 2247116
- Updated Date : 11/12/2020 at 09:16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,933 sqft
- Baths : 2 full
Listing Agent
City Villa Realty & Management
Listing Agent's Description
A spacious & highly upgarded lovely house nestled in a very quiet all 1 story gated community, with close proximity to shopping, dining, gym, etc. A desirable location in the SW. Your buyers will fall in love with the upgrades that comes in this 2.5 year old house - h2O resistant laminate wood flooring on the entire house, 10 ft ceiling, ugraded white cabinets, quartz countertop, huge island in the kitchen, stainless steel fridge, double oven and range, backsplash, Living Room has an accent wall, all window converings in the house comes with custom double roller shades, upgraded 12 ft sliding doors leads to the relaxing backyard that is partly paved and synthetic grass & comes with a fire pit. Master's Bedroom's closet comes with custom cabinets. Garage has epoxy flooring and full cabinets. Pavered driveway. Laundry Room comes with cabintes too. Water Softener, Fridge & Security Alarm System will stay. You will not regret showing this house to your Buyers.
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: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$1,697 |
| Property Tax | -$306 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$537
|
||
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.
$460,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.8% |
| 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
$127,650
LOAN DETAILS
$1,697
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $115,000 |
| Loan Amount | $345,000 |
0.83
YEARS SAVED
$1,792
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,682
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
8197 Riley Love Street Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,933 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,650
- $0.85
-
5033 Vacaville Avenue Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2007
LEASED 04/03/20- Rent
- Rent Per SQFT
- $1,475
- $0.84
-
8132 Stonyford Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 2007
LEASED 06/22/20- Rent
- Rent Per SQFT
- $1,495
- $0.85
-
5872 Sakhalin Avenue Las Vegas, NV 3
- 4 beds 3 baths ∙ 1,746 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,746 Sqft ∙ Built 2004
LEASED 11/07/20- Rent
- Rent Per SQFT
- $1,575
- $0.90
-
7849 Juniper Forest Street Las Vegas, NV 4
- 4 beds 3 baths ∙ 1,846 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,846 Sqft ∙ Built 2006
LEASED 12/05/19- Rent
- Rent Per SQFT
- $1,650
- $0.89
PROPERTY LISTING DETAILS
1.702.505.1225
City Villa Realty & Management
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2247116
Last Updated: 11/12/2020
