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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $167.92
- 3 Days on Market
- MLS # : 2276295
- Updated Date : 03/06/2021 at 18:59
CONSTRUCTION
- Beds : 4
- Floor Size : 2,799 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Market Place
Listing Agent's Description
Stunning, cul-de-sac home with NO HOA.Fabulous open floor plan, featuring: 4 bedrooms with 2 master bedrooms, 1 downstairs and 1 upstairs, each with adjoining master baths. Soaring, vaulted ceilings greet you in the formal living and dining space. Chef's kitchen opens to the grand family room with lovely access to the backyard & pool. Kitchen features granite countertops, grill stovetop, double oven, and island for extra prep and storage space. New flooring has been installed on the entire downstairs and second floor. Upstairs has 2 additional bedrooms with shared bathroom, and laundry shoot to 1st floor. Comes with newly painted and refurbished pool, garden landscaping,aluminum awning in the backyard,as well as a 3 car garage,RV and a huge driveway!Spacious and well-maintained, fantastic quiet community within walking distance of local parks, shopping and restaurants, and a quick drive to the Las Vegas Strip,this home truly offers a perfect blend of calm,privacy and easy convenience.
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: Spring Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Spring Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,150 |
| EXPENSES | Loan Payment | -$1,632 |
| Property Tax | -$278 | |
| Property Insurance | -$81 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$39
|
||
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.
$470,000
PROJECTED PRICE
$2,150
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.9% |
| 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
$130,300
LOAN DETAILS
$1,632
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $117,500 |
| Loan Amount | $352,500 |
6.25
YEARS SAVED
$34,045
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,150
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$2,288
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
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8790 Fountain Island Drive Las Vegas, NV 1
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- $2,000
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LEASED 09/21/20- Rent
- Rent Per SQFT
- $2,100
- $0.79
-
3969 Ruskin Street Las Vegas, NV 4
- 4 beds 4 baths ∙ 2,618 Sqft ∙ Built 1995 4 beds 4 baths ∙ 2,618 Sqft ∙ Built 1995
LEASED 07/09/20- Rent
- Rent Per SQFT
- $2,200
- $0.84
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8862 Blake Alan Avenue Las Vegas, NV 5
- 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 1995
LEASED 10/30/20- Rent
- Rent Per SQFT
- $2,495
- $0.89
PROPERTY LISTING DETAILS
1.702.353.0529
Keller Williams Market Place
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2276295
Last Updated: 03/06/2021
