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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $225.13
- 2 Days on Market
- MLS # : 2263074
- Updated Date : 01/23/2021 at 17:32
CONSTRUCTION
- Beds : 2
- Floor Size : 2,332 sqft
- Baths : 2 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Outstanding single story home in Gated Tuscany Hills. Excellent location just outside of Summerlin and walking distance to Tivoli Village. High 12 ft ceilings in Formal living room with fireplace. Formal dining room. Kitchen with upgraded Jenn-Air stainless steel appliances and large built-in Refrigerator. Family room opens to kitchen with Custom bookshelves. Plantation shutters and Crown Molding throughout. Both HVAC units replaced with 15 & 16 seer efficiency. Third Bedroom has been converted to den/office off Master Bedroom which could be converted back. Low maintenance landscaping with 2 custom covered patio areas in backyard and built-in barbeque. More upgrades include Central-Vacuum, Kinetico Water Softer & reverse osmosis, and new Hot Water Heater, Maytag washer and dryer, security system - too many upgrades to list!
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: Tuscany Hills North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tuscany Hills North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,230 |
| EXPENSES | Loan Payment | -$1,824 |
| Property Tax | -$342 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$127
|
||
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.
$525,000
PROJECTED PRICE
$2,230
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| 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
$144,875
LOAN DETAILS
$1,824
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
4.5
YEARS SAVED
$23,934
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,230
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,250
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
8617 Trianon Lane Las Vegas, NV 3
- 2 beds 3 baths ∙ 2,332 Sqft ∙ Built 1997 2 beds 3 baths ∙ 2,332 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,230
- $0.96
-
9120 Vista Greens Way #104 Las Vegas, NV 1
- 2 beds 3 baths ∙ 2,080 Sqft ∙ Built 1997 2 beds 3 baths ∙ 2,080 Sqft ∙ Built 1997
LEASED 12/10/19- Rent
- Rent Per SQFT
- $1,900
- $0.91
-
1400 San Juan Hills Drive #105 Las Vegas, NV 2
- 2 beds 3 baths ∙ 2,008 Sqft ∙ Built 1996 2 beds 3 baths ∙ 2,008 Sqft ∙ Built 1996
LEASED 11/05/20- Rent
- Rent Per SQFT
- $2,050
- $1.02
PROPERTY LISTING DETAILS
1.702.376.3142
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2263074
Last Updated: 01/23/2021
