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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $166.16
- 3 Days on Market
- MLS # : 2271522
- Updated Date : 02/20/2021 at 00:30
CONSTRUCTION
- Beds : 5
- Floor Size : 3,304 sqft
- Baths : 4 full , 1 half
Listing Agent
Keller Williams Realty Las Vegas
Listing Agent's Description
Guard gated! Pulte*Over 3,300 sq.ft.*Lot .21 acre*5 bdrm, 4 1/2 bath*Bdrms 2 & 3 have OWN ensuite baths, bdrms 4 & 5 share jack n' jill*Stunning Mountain Views, no home behind*28' Covered patio & BBQ stub for outdoor entertainment*Courtyard w/fireplace & French doors*10' ceilings, 8' interior doors throughout the home*Low E windows, blown insulation*Stuccoed eves*Formal dining room*Formal living room*Gourmet kitchen w/granite, island, pantry, 42" cabinets w/moulding, undercabinet lighting, dbl ovens, 5 burner gas cooktop, SS appliances, brkfast nook, tile*Family room w/fireplace, surround sound, media niche, tile*Spacious primary bdrm w/walk-in closet & separate from secondary bdrms*Primary spa bath w/dbl sinks, jetted tub, walk-in shower, make-up table*One A/C unit replaced*Ceiling fans thru-out*Soft water loop*Rotunda entry*Solar screens*10' laundry w/sink & cabinets*Tile flooring throughout except bedrooms*70 gallon hot water*French doors to courtyard & covered patio*
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: Silverstone Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Silverstone Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,600 |
| EXPENSES | Loan Payment | -$1,907 |
| Property Tax | -$450 | |
| Property Insurance | -$91 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$33
|
||
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.
$549,000
PROJECTED PRICE
$2,600
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.2% |
| 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
$151,235
LOAN DETAILS
$1,907
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,250 |
| Loan Amount | $411,750 |
6.08
YEARS SAVED
$37,940
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,600
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$2,759
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
8645 Killians Greens Drive Las Vegas, NV 1
- 5 beds 5 baths ∙ 3,304 Sqft ∙ Built 2007 5 beds 5 baths ∙ 3,304 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $2,600
- $0.79
-
6159 Villa De Picasso Avenue Las Vegas, NV 2
- 4 beds 3 baths ∙ 3,489 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,489 Sqft ∙ Built 2005
LEASED 12/17/19- Rent
- Rent Per SQFT
- $2,650
- $0.76
-
8528 Grand Palms Circle Las Vegas, NV 3
- 5 beds 5 baths ∙ 3,304 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,304 Sqft ∙ Built 2006
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,700
- $0.82
-
8225 Broad Peak Drive Las Vegas, NV 4
- 4 beds 4 baths ∙ 3,417 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,417 Sqft ∙ Built 2009
LEASED 11/21/20- Rent
- Rent Per SQFT
- $2,898
- $0.85
-
8655 Killians Greens Drive Las Vegas, NV 5
- 4 beds 4 baths ∙ 3,296 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,296 Sqft ∙ Built 2007
LEASED 03/16/20- Rent
- Rent Per SQFT
- $3,000
- $0.91
PROPERTY LISTING DETAILS
1.702.460.5080
Keller Williams Realty Las Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271522
Last Updated: 02/20/2021
