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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $191.06
- 3 Days on Market
- MLS # : 2278942
- Updated Date : 03/20/2021 at 16:42
CONSTRUCTION
- Beds : 4
- Floor Size : 1,779 sqft
- Baths : 2 full , 1 half
Listing Agent
Petra Realty Group
Listing Agent's Description
NORTHWEST 4 BEDROOM,2 CAR GARAGE HOME,FORMAL LIVING ROOM, FORMAL DINING ROOM, FAMILY ROOM W/FIREPLACE, KITCHEN W/ BREAKFAST BAR, MASTER BEDROOM WITH WALK IN CLOSET. GREAT LOCATION IN PROXIMITY OF SHOPPING, DINING AND RECREATION.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$200 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$29
|
||
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.
$339,900
PROJECTED PRICE
$1,590
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.3% |
| 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
$95,824
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,975 |
| Loan Amount | $254,925 |
6.42
YEARS SAVED
$25,357
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,637
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
8208 Moradi Avenue Las Vegas, NV 4
- 4 beds 3 baths ∙ 1,779 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,779 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $1,590
- $0.89
-
7540 Flat Rock Street Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1996
![property image]()
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,495
- $0.90
-
7504 Wandering Street #0 Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,664 Sqft ∙ Built 1996
![property image]()
LEASED 08/26/20- Rent
- Rent Per SQFT
- $1,495
- $0.90
-
8128 Backpacker Court Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 1998
![property image]()
LEASED 10/05/20- Rent
- Rent Per SQFT
- $1,575
- $0.97
-
8319 Fort Hallock Las Vegas, NV 5
- 3 beds 3 baths ∙ 1,763 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,763 Sqft ∙ Built 2006
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,600
- $0.91
PROPERTY LISTING DETAILS
1.702.574.9212
Petra Realty Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2278942
Last Updated: 03/20/2021
