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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $251.49
- 6 Days on Market
- MLS # : 2263874
- Updated Date : 01/28/2021 at 00:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,187 sqft
- Baths : 2 full
Listing Agent
Platinum R.e. Professionals
Listing Agent's Description
Special West Mesa Estate single story 4 bedroom + 2 full bathrooms. NO HOA Community. Recently upgraded with over $70K in improvements. Kitchen upgrades include new Quartz Countertops, stainless-steel sink, new stove and oven. This beautiful kitchen also has a cozy dining area, which leads into a comfortable family room with a wet bar, custom brick wood burning fireplace. Formal living & dining rooms. Spacious private master bedroom with direct access to backyard. Master bathroom complete with double sinks, separate shower & tub, large walk-in closet. New Aqua-Guard water resistant floors thru-out the home, fresh paint interior/exterior.Large backyard with pool and possibility for side yard RV parking. Attached 3-car garage with a Jacobs Ladder..Tivoli Village, Downtown Summerlin Shopping, and Golf just minutes away. Freeway close and about 15 minutes to the Strip. Palo Verde School District. Move-in ready.
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: Angel Park Lindell
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Angel Park Lindell
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$1,910 |
| Property Tax | -$290 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$529
|
||
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.
$550,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 11.1% |
| 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
$151,500
LOAN DETAILS
$1,910
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
1.33
YEARS SAVED
$3,447
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,919
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
8616 Grandbank Drive Las Vegas, NV 5
- 4 beds 2 baths ∙ 2,187 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,187 Sqft ∙ Built 1990
![property image]()
- Rent
- Rent Per SQFT
- $1,860
- $0.85
-
8625 Desert Bird Drive Las Vegas, NV 1
- 4 beds 2 baths ∙ 1,993 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,993 Sqft ∙ Built 1995
![property image]()
LEASED 10/16/20- Rent
- Rent Per SQFT
- $1,745
- $0.88
-
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
![property image]()
LEASED 06/17/20- Rent
- Rent Per SQFT
- $1,795
- $0.85
-
8541 Summer Vista Avenue Las Vegas, NV 3
- 4 beds 2 baths ∙ 1,993 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,993 Sqft ∙ Built 1995
![property image]()
LEASED 07/29/20- Rent
- Rent Per SQFT
- $1,795
- $0.90
-
8352 Aspenbrook Avenue Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,043 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,043 Sqft ∙ Built 1989
![property image]()
LEASED 10/29/20- Rent
- Rent Per SQFT
- $1,799
- $0.88
PROPERTY LISTING DETAILS
1.702.882.4949
Platinum R.e. Professionals
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2263874
Last Updated: 01/28/2021
