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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $222.15
- 5 Days on Market
- MLS # : 2265898
- Updated Date : 02/12/2021 at 23:44
CONSTRUCTION
- Beds : 3
- Floor Size : 1,607 sqft
- Baths : 2 full
Listing Agent
Nexthome Community Real Estate
Listing Agent's Description
ONE OF A KIND Desert Shores STUNNER!!!!! Fully remodeled single story that's certain to knock your socks off all while being steps away from the lakes that make Desert Shores Special!!!! Extensive renovations include: No more "pop-corn" ceilings, Fully remodeled/Brand New Kitchen, Fully remodeled BRAND NEW Master Bath... The sellers really didn't spare any expense on this home. Walls were opened to expose the stunning Kitchen w/ New cabinets, New island, New counters & Undermount granite sink to the dining area that boasts nothing but natural light! These two spaces are so inviting yet so functional. Now take a stroll to the backyard where you'll find a stunning landscaped backyard w/ 3/4 length shade structure, REAL GRASS, mature landscaping & wait for it..... an elevated seating area that gives you UNOBSTRUCTED VIEWS of the LAKE!!!! You'll have to see the incredible SPA LIKE Master Bath in person since there's truly not enough character left to explain this home in words!! =)
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Desert Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Desert Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,670 |
EXPENSES | Loan Payment | -$1,240 |
Property Tax | -$197 | |
Property Insurance | -$58 | |
Property Management Fees | -$119 | |
CASH FLOW
$55
|
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.
$357,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 4.05% |
Appreciation Year (1-5) | 8.5% |
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
$100,355
LOAN DETAILS
$1,240
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $89,250 |
Loan Amount | $267,750 |
6.67
YEARS SAVED
$29,239
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,667
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.702.236.4249
Nexthome Community Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2265898
Last Updated: 02/12/2021