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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $228.16
- 3 Days on Market
- MLS # : 2271105
- Updated Date : 02/20/2021 at 00:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,301 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Premier
Listing Agent's Description
PERFECT HOME! Cradled up to Summerlin, ranked as one of the top master-planned communities, you are within walking distance to some of the BEST shops and restaurants located at Tivoli Village and Boca Park. This romantic home is all dressed up, and is waiting for you! This ranch-style design welcomes you from the moment you open the front door. Guided through the foyer through your sizable living/dining room to your open family room. The spaciousness of this home is heightened by its high ceilings and open floor plan. The kitchen is perfectly designed for the cook who does not want to be separated from their guests when entertaining. Serenely simple, your master suite is yet intimate and a private place for quiet times. This beautiful four-bedroom home with a two-car garage and additional storage boasts pride of ownership. Enjoy the tranquility of your perfectly landscaped oasis while sipping one of your favorite beverages with family and friends. This home is worth every penny!
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: Angel Park Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Angel Park Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$1,823 |
| Property Tax | -$278 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$392
|
||
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.
$524,990
PROJECTED PRICE
$1,900
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 7.8% |
| 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
$144,872
LOAN DETAILS
$1,823
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $131,248 |
| Loan Amount | $393,743 |
2.17
YEARS SAVED
$7,381
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,893
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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125 Golf Range Las Vegas, NV 1
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- $1,669
- $0.79
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300 Sunnyvale Street Las Vegas, NV 2
- 4 beds 2 baths ∙ 2,102 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,102 Sqft ∙ Built 1994
LEASED 06/17/20- Rent
- Rent Per SQFT
- $1,795
- $0.85
-
8600 Abanico Court Las Vegas, NV 4
- 4 beds 2 baths ∙ 2,430 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,430 Sqft ∙ Built 1988
LEASED 02/01/21- Rent
- Rent Per SQFT
- $1,994
- $0.82
-
8800 Pavia Drive Las Vegas, NV 5
- 4 beds 2 baths ∙ 2,394 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,394 Sqft ∙ Built 1986
LEASED 12/04/20- Rent
- Rent Per SQFT
- $1,995
- $0.83
PROPERTY LISTING DETAILS
1.702.787.6405
Coldwell Banker Premier
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271105
Last Updated: 02/20/2021
