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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $201.53
- 3 Days on Market
- MLS # : 2270455
- Updated Date : 02/20/2021 at 03:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,697 sqft
- Baths : 2 full , 1 half
Listing Agent
Limitless Realty
Listing Agent's Description
Don't miss this! Beautiful two story Home in the center of SW area. Close to shopping centers, schools, parks & freeway. Kitchen with real wood cabinets, granite counter tops and stainless steel appliances. Living room has built in surround sound system, Spacious room with nice sized closets, extra spaces for storage. Good size Master Bedroom with custom closet and has access to private Balcony. Low maintains backyard with pavers and artificial grass. This home wont last long.
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 | -$1,188 |
| Property Tax | -$225 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$58
|
||
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.
$342,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.48%
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
$96,380
LOAN DETAILS
$1,188
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $85,500 |
| Loan Amount | $256,500 |
6.67
YEARS SAVED
$27,990
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 -
$0.97
LIST RENT PER SQFT
-
$1,697
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
8331 Embry Hills Street Las Vegas, NV 5
- 3 beds 3 baths ∙ 1,697 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,697 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $1,650
- $0.97
-
8341 Stillhouse Court Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,590 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,590 Sqft ∙ Built 2010
LEASED 09/12/20- Rent
- Rent Per SQFT
- $1,595
- $1.00
-
8296 Monte Cristo Way Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2006
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,600
- $0.99
-
7406 Shelbourne Avenue Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 2006
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,600
- $0.99
-
8366 Stillhouse Court Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,590 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,590 Sqft ∙ Built 2010
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,625
- $1.02
PROPERTY LISTING DETAILS
1.702.979.0598
Limitless Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2270455
Last Updated: 02/20/2021
