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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $252.76
- 3 Days on Market
- MLS # : 2263328
- Updated Date : 01/23/2021 at 19:11
CONSTRUCTION
- Beds : 2
- Floor Size : 1,088 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Cozy 2 bedroom 2 full bath single story home nestled in the 89123 zip code. Unwind and warm your feet by the fireplace after a long day. enjoy the view of your real grass backyard and mature landscaping while you make dinner in your bright airy kitchen with eat in breakfast nook. A split floorplan has the primary suite in the rear of the home and the guest suite at the front of the home. Please remove your shoes upon entering or ask your agent to provide show coverings.
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
Zip Code: 89123
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 89123
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,370 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$143 | |
| Property Insurance | -$48 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$104
|
||
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.
$275,000
PROJECTED PRICE
$1,370
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.4% |
| 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
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
7.83
YEARS SAVED
$28,011
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,370
LIST RENT -
$1.26
LIST RENT PER SQFT
-
$1,414
COMP ESTIMATED VALUE -
$1.3
COMP AVG. RENT PER SQFT
Comps Range
-
8416 Lodge Haven Street Las Vegas, NV 2
- 2 beds 2 baths ∙ 1,088 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,088 Sqft ∙ Built 1995
![property image]()
- Rent
- Rent Per SQFT
- $1,370
- $1.26
-
8611 Manalang Road Las Vegas, NV 1
- 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1990 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1990
![property image]()
LEASED 01/13/21- Rent
- Rent Per SQFT
- $1,350
- $1.28
-
615 Paulson Drive #0 Las Vegas, NV 3
- 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1990 2 beds 2 baths ∙ 1,053 Sqft ∙ Built 1990
![property image]()
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,395
- $1.32
-
8409 Yamhill Street Las Vegas, NV 4
- 2 beds 2 baths ∙ 1,088 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,088 Sqft ∙ Built 1994
![property image]()
LEASED 08/07/20- Rent
- Rent Per SQFT
- $1,400
- $1.29
-
8459 Lodge Haven Street Las Vegas, NV 5
- 2 beds 2 baths ∙ 1,088 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,088 Sqft ∙ Built 1994
![property image]()
LEASED 08/07/20- Rent
- Rent Per SQFT
- $1,420
- $1.31
PROPERTY LISTING DETAILS
1.702.591.1832
Exp Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2263328
Last Updated: 01/23/2021
