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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $213.63
- 2 Days on Market
- MLS # : 2265321
- Updated Date : 01/31/2021 at 04:56
CONSTRUCTION
- Beds : 4
- Floor Size : 1,966 sqft
- Baths : 2 full
Listing Agent
Realty One Group, Inc
Listing Agent's Description
ENJOY THIS BEAUTIFUL SINGLE STORY HOME IN THE SOUTHWEST!!! A double foyer entry leads to the inviting open living room/dining room (vaulted ceiling) Family Room with fireplace will be the "fun center" for you and your guest. Efficiently designed kitchen with island, ample storage and counter space. Large Tranquil Master bedroom offers a personal retreat with...(whirlpool tub) 4 bedroom one separate from others with 3/4 bath across from bedroom. Entertain, Relax, Exercise, and ENJOY all the benefits of owning a home with a large pool. Located at the end of the Cul-De-Sac. COME SEE-COME BUY!!!
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: Rancho Viejo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho Viejo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$1,459 |
| Property Tax | -$257 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$70
|
||
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.
$420,000
PROJECTED PRICE
$1,830
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.4% |
| 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
$117,050
LOAN DETAILS
$1,459
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
5
YEARS SAVED
$21,400
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,622
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
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8590 Coyote Peak Circle Las Vegas, NV 5
- 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,966 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
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- $0.93
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4786 Cortina Rancho Las Vegas, NV 1
- 4 beds 4 baths ∙ 1,977 Sqft ∙ Built 2008 4 beds 4 baths ∙ 1,977 Sqft ∙ Built 2008
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,550
- $0.78
-
4743 Cortina Rancho Street Las Vegas, NV 2
- 4 beds 4 baths ∙ 1,977 Sqft ∙ Built 2008 4 beds 4 baths ∙ 1,977 Sqft ∙ Built 2008
LEASED 10/21/20- Rent
- Rent Per SQFT
- $1,550
- $0.78
-
8685 Estrella Bonita Las Vegas, NV 3
- 4 beds 4 baths ∙ 1,977 Sqft ∙ Built 2008 4 beds 4 baths ∙ 1,977 Sqft ∙ Built 2008
LEASED 06/07/20- Rent
- Rent Per SQFT
- $1,700
- $0.86
-
8377 San Ramon Drive Las Vegas, NV 4
- 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 1995
LEASED 06/11/20- Rent
- Rent Per SQFT
- $1,795
- $0.88
PROPERTY LISTING DETAILS
1.702.239.2538
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2265321
Last Updated: 01/31/2021
