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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $178.02
- 2 Days on Market
- MLS # : 2256845
- Updated Date : 12/19/2020 at 16:16
CONSTRUCTION
- Beds : 3
- Floor Size : 2,034 sqft
- Baths : 2 full , 1 half
Listing Agent
Gk Properties
Listing Agent's Description
Gorgeous 3 bedroom and 2.5 bathroom move-in ready home. This home features a living room and a family room with a fireplace. Manmade wood flooring throughout the first floor. The kitchen has granite countertops, stainless steel appliances, and a breakfast nook. Walk upstairs to all carpet flooring, neutral tone paint throughout, and granite countertops in bathrooms. Enjoy the primary bedroom and en suite featuring a dual sink and separate tub and shower. The front and backyard have desert landscaping with beautiful palm trees. Schedule an appointment today!
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: West Sahara
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Sahara
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,336 |
| Property Tax | -$194 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$84
|
||
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.
$362,100
PROJECTED PRICE
$1,800
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.0% |
| 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
$101,707
LOAN DETAILS
$1,336
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $90,525 |
| Loan Amount | $271,575 |
7.33
YEARS SAVED
$38,228
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,912
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
8845 Clear Blue Drive Las Vegas, NV 3
- 3 beds 3 baths ∙ 2,034 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,034 Sqft ∙ Built 1987
![property image]()
- Rent
- Rent Per SQFT
- $1,800
- $0.88
-
3368 Stacey Lyn Las Vegas, NV 1
- 4 beds 3 baths ∙ 1,913 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,913 Sqft ∙ Built 1993
![property image]()
LEASED 05/05/20- Rent
- Rent Per SQFT
- $1,795
- $0.94
-
9045 Cypress Point Way Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1988
![property image]()
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,795
- $0.88
-
8909 Clear Blue Drive #n/a Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,034 Sqft ∙ Built 1987
![property image]()
LEASED 08/17/20- Rent
- Rent Per SQFT
- $1,950
- $0.96
-
3108 Waterview Drive Las Vegas, NV 5
- 3 beds 3 baths ∙ 2,041 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,041 Sqft ∙ Built 1986
![property image]()
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,000
- $0.98
PROPERTY LISTING DETAILS
1.702.815.1555
Gk Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256845
Last Updated: 12/19/2020
