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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $191.02
- 6 Days on Market
- MLS # : 2270855
- Updated Date : 02/21/2021 at 02:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,539 sqft
- Baths : 2 full , 1 half
Listing Agent
Platinum R.e. Professionals
Listing Agent's Description
Beautiful Single story home with 3 bedrooms + Study + Den(or teen room). Step into a gallery-like hallway with Study to your right and Spacious Great room/kitchen combo and dining room. Tile flooring throughout except in bedrooms, study and teen room. Ceiling fans and Plantation Shutters throughout home, GE stainless steel appliance package, Maple kitchen cabinetry, Oversized granite Island kitchen,Paver stone driveway and walkway, Backyard with covered patio and lush landscape. Blink Cameras do not stay, The Ring does stay.
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: Centennial Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Centennial Hills
* 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 | -$1,685 |
| Property Tax | -$363 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$383
|
||
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.
$485,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 10.3% |
| 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
$134,275
LOAN DETAILS
$1,685
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $121,250 |
| Loan Amount | $363,750 |
1.83
YEARS SAVED
$5,608
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 -
$0.73
LIST RENT PER SQFT
-
$1,892
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
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- Rent Per SQFT
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5320 Fireside Ranch Avenue Las Vegas, NV 1
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- $1,695
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8617 Dodds Canyon Street Las Vegas, NV 2
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LEASED 09/30/20- Rent
- Rent Per SQFT
- $1,750
- $0.75
-
8321 Vickers Canyon Street Las Vegas, NV 3
- 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2004
LEASED 01/26/21- Rent
- Rent Per SQFT
- $1,775
- $0.71
-
8637 Dodds Canyon Street Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2006
LEASED 02/11/21- Rent
- Rent Per SQFT
- $1,840
- $0.79
PROPERTY LISTING DETAILS
1.702.278.1750
Platinum R.e. Professionals
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2270855
Last Updated: 02/21/2021
