Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $247.20
- 3 Days on Market
- MLS # : 2267970
- Updated Date : 02/07/2021 at 04:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,250 sqft
- Baths : 2 full
Listing Agent
Key Realty Southwest Llc
Listing Agent's Description
One story, 3 bedroom, 2 bath house with SEER 16 Trane 2020 Air Conditioner & new Gas Furnace (November 2020 purchased). Water softner purchased 2020. Stainless steal kitchen appliances, solar screens, granite counters, ceiling fans, upgraded master bathroom, floors all tile and wood laminate, covered front porch and back patio! Two car garage and desert landscaping.
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: Silverado Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Silverado Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$1,073 |
| Property Tax | -$159 | |
| Property Insurance | -$51 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$87
|
||
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.
$309,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.2% |
| 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
$87,635
LOAN DETAILS
$1,073
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,250 |
| Loan Amount | $231,750 |
7.5
YEARS SAVED
$28,776
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$1,503
COMP ESTIMATED VALUE -
$1.2
COMP AVG. RENT PER SQFT
Comps Range
-
8630 Tiverton Road Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1991
![property image]()
- Rent
- Rent Per SQFT
- $1,490
- $1.19
-
502 Macbrey Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1987
![property image]()
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,450
- $1.15
-
570 Kelsford Drive Las Vegas, NV 3
- 3 beds 1 baths ∙ 1,304 Sqft ∙ Built 1990 3 beds 1 baths ∙ 1,304 Sqft ∙ Built 1990
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,500
- $1.15
-
429 Kelsford Drive Las Vegas, NV 4
- 3 beds 1 baths ∙ 1,304 Sqft ∙ Built 1990 3 beds 1 baths ∙ 1,304 Sqft ∙ Built 1990
![property image]()
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,550
- $1.19
-
636 Livengood Drive Las Vegas, NV 5
- 3 beds 1 baths ∙ 1,250 Sqft ∙ Built 1992 3 beds 1 baths ∙ 1,250 Sqft ∙ Built 1992
![property image]()
LEASED 11/05/20- Rent
- Rent Per SQFT
- $1,650
- $1.32
PROPERTY LISTING DETAILS
1.702.682.6292
Key Realty Southwest Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2267970
Last Updated: 02/07/2021
