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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $204.71
- 3 Days on Market
- MLS # : 2271458
- Updated Date : 02/19/2021 at 23:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,612 sqft
- Baths : 2 full , 1 half
Listing Agent
Vegas Market Source Realty
Listing Agent's Description
Great 3 Bedroom Home Located Near Windmill & Maryland Pkwy in the South part of the Valley!*This lovely home features great floor plan & oversized backyard w/large rear patio overlooking tall evergreen trees!*Kitchen features granite counter tops & stainless appliances, kitchen is open to family rm w/nice cozy fireplace*Front living room w/vaulted ceiling & plenty of natural light*Primary Suite upstairs w/lots of closet space, En suite bathroom w/dbl sinks*Ceiling fans in every room & upgraded light fixtures in bathrooms and living room*This Beauty won't last! Don't miss out! Schedule your showing & make an offer today!
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: Silverado Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Silverado Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$159 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$157
|
||
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.
$330,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| 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
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
8.42
YEARS SAVED
$37,218
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,640
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
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8301 Huxley Street Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 1988
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- Rent Per SQFT
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- $1.02
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527 Lennox Drive Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1993
LEASED 12/08/20- Rent
- Rent Per SQFT
- $1,450
- $0.95
-
8224 Penera Drive #0 Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,612 Sqft ∙ Built 1990
LEASED 01/01/21- Rent
- Rent Per SQFT
- $1,595
- $0.99
-
443 Old Palms Las Vegas, NV 4
- 4 beds 3 baths ∙ 1,777 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,777 Sqft ∙ Built 1989
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,745
- $0.98
-
8333 Hidden Hills Drive Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1988
LEASED 01/15/21- Rent
- Rent Per SQFT
- $1,885
- $1.15
PROPERTY LISTING DETAILS
1.702.327.8545
Vegas Market Source Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271458
Last Updated: 02/19/2021
