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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $174.54
- 7 Days on Market
- MLS # : 2248568
- Updated Date : 11/16/2020 at 17:02
CONSTRUCTION
- Beds : 4
- Floor Size : 3,091 sqft
- Baths : 3 full , 1 half
Listing Agent
Raintree Real Estate
Listing Agent's Description
Single story home, guard gated neighborhood, spectacular mountain scenery, and a greenbelt behind you! Enjoy spectacular views of Mt Charleston summit and the Spring Mountain range from your covered patio, or use the meandering paved paths directly behind your house! Quail, roadrunners & jackrabbits keep you company in the open space behind your yard! Relax in your courtyard with fireplace & separate access to guest rooms/office. Ceiling fans in every room help keep you cool, and all bedrooms have attached FULL bathrooms! Highly upgraded kitchen is generously-sized w/ plenty of cabinets, large island, pantry space & double ovens. All appliances included! Oversize lot with lots of side yard space; North side of house could possibly be boat/camper storage. One family has owned since NEW! Near groceries, restaurants and Floyd Lamb Park at Tule Springs! Seller has made numerous upgrades and repairs to make it easier for you. Come enjoy this quiet neighborhood in desirable 89131!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Silverstone Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Silverstone Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,470 |
| EXPENSES | Loan Payment | -$1,991 |
| Property Tax | -$435 | |
| Property Insurance | -$87 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$162
|
||
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.
$539,500
PROJECTED PRICE
$2,470
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.2% |
| 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
$148,718
LOAN DETAILS
$1,991
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $134,875 |
| Loan Amount | $404,625 |
4.33
YEARS SAVED
$27,048
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,470
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,986
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
-
8353 Normandy Shores Street Las Vegas, NV 5
- 4 beds 4 baths ∙ 3,091 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,091 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,470
- $0.80
-
6808 Tarpon Springs Court Las Vegas, NV 1
- 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2005
LEASED 02/27/20- Rent
- Rent Per SQFT
- $1,725
- $0.60
-
6836 Rolling Oaks Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,897 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,897 Sqft ∙ Built 2006
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,795
- $0.62
-
7153 Bocaire Drive Las Vegas, NV 3
- 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2004
LEASED 12/16/19- Rent
- Rent Per SQFT
- $1,900
- $0.66
-
6804 Shalimar Pointe Court Las Vegas, NV 4
- 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,897 Sqft ∙ Built 2005
LEASED 12/06/19- Rent
- Rent Per SQFT
- $1,995
- $0.69
PROPERTY LISTING DETAILS
1.717.574.2719
Raintree Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2248568
Last Updated: 11/16/2020
