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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $194.29
- 9 Days on Market
- MLS # : 2259210
- Updated Date : 01/05/2021 at 08:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,033 sqft
- Baths : 2 full
Listing Agent
Go Global Realty
Listing Agent's Description
RARE SINGLE STORY IN SOUTH SHORE * NICE SIZE LOT * HARDWOOD FLOORING THROUGHOUT THE LIVING ROOM, DINING ROOM AND WALKWAY * BREAKFAST BAR * 2-WAY FIREPLACE IN LIVING ROOM * FRUIT TREES IN THE BACKYARD
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: South Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: South Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,372 |
| Property Tax | -$237 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$106
|
||
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
$1,900
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.0% |
| 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
$1,372
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
7.42
YEARS SAVED
$36,501
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,099
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
8232 Tivoli Cove Drive Las Vegas, NV 2
- 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $1,900
- $0.93
-
8004 Hilliard Ave Avenue Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,929 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,929 Sqft ∙ Built 1993
LEASED 02/18/20- Rent
- Rent Per SQFT
- $1,750
- $0.91
-
8220 Desert Beach Drive Las Vegas, NV 3
- 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,082 Sqft ∙ Built 1993
LEASED 08/24/20- Rent
- Rent Per SQFT
- $2,195
- $1.05
-
8233 Arch Bay Lane #0 Las Vegas, NV 4
- 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 1992
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,300
- $1.10
-
8013 Turtle Cove Avenue #0 Las Vegas, NV 5
- 4 beds 2 baths ∙ 2,142 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,142 Sqft ∙ Built 1993
LEASED 11/12/20- Rent
- Rent Per SQFT
- $2,300
- $1.07
PROPERTY LISTING DETAILS
1.702.372.1889
Go Global Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2259210
Last Updated: 01/05/2021
