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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $180.36
- 6 Days on Market
- MLS # : 2265862
- Updated Date : 02/05/2021 at 19:13
CONSTRUCTION
- Beds : 4
- Floor Size : 2,495 sqft
- Baths : 2 full , 1 half
Listing Agent
Life Realty District
Listing Agent's Description
WOWSERS*Absolutely Gorgeous Single Story 3 Car Garage Home*Massive 12000sqft+ Lot at end of Cul De Sac*Super Private Backyard Oasis with Extensive Professional Landscaping*Huge Sparkling Pool and Spa*Custom Planter Stone Walls*Detached Covered Patio*Monster Stone Builtin BBQ with Fridge, Sink+Side Burner & Bar Top*Extended Stamp Concrete*Large Side Yard with Artificial Turf*Travertine Stone and Wood Floors*Huge Open Kitchen*Custom Cabinets*Granite Countertops*Stainless Appliances*Crown Molding*High Ceilings*Covered Patio*Solar Screens*Gated Courtyard Entry*Slate Tile Entrance*2 Tone Paint*One Of Nicest Homes In the Area*Buyer To Verify All Info*
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Sunrise Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunrise Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,563 |
| Property Tax | -$292 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$229
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$449,999
PROJECTED PRICE
$1,820
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 12.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.50% |
| 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
$125,000
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,500 |
| Loan Amount | $337,499 |
2.67
YEARS SAVED
$9,611
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,828
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
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842 Mcafee Court Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2001
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- Rent Per SQFT
- $1,820
- $0.73
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1017 Pearl Peak Street Las Vegas, NV 1
- 3 beds 3 baths ∙ 2,387 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,387 Sqft ∙ Built 2002
LEASED 01/27/20- Rent
- Rent Per SQFT
- $1,595
- $0.67
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5958 Samia Court Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 2001
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,600
- $0.70
-
972 Azure Heights Place Las Vegas, NV 4
- 4 beds 4 baths ∙ 2,525 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,525 Sqft ∙ Built 2002
LEASED 12/03/20- Rent
- Rent Per SQFT
- $1,895
- $0.75
-
6042 Halehaven Las Vegas, NV 5
- 5 beds 3 baths ∙ 2,380 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,380 Sqft ∙ Built 1998
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,930
- $0.81
PROPERTY LISTING DETAILS
1.702.493.8484
Life Realty District
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2265862
Last Updated: 02/05/2021
