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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $268.08
- 3 Days on Market
- MLS # : 2256399
- Updated Date : 12/18/2020 at 14:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,033 sqft
- Baths : 2 full
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Open floor plan perfect for entertaining. Only 1 HOA in this neighborhood, which is extremely rare for this part of Summerlin. Very conveniently located, just a few turns from the 215. Oversized Summerlin lot perfect for a possible pool and/or RV parking. Completely updated with modern touches! Exceptional floor plan with each room very separated and private from each other. This could be the most private lot in Summerlin, perfect for just about any activity imaginable! Wood look tile throughout the common areas of the house, very large oversized island, stainless steel appliances, plantation shutters throughout, corner lot, tankless water heater, newer A/C unit (less than 3 years old) and even an included water softener. This house is the true definition of move in ready and enjoy! This hidden gem wont last long, book your private tour NOW!
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: The Vistas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Vistas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,240 |
| EXPENSES | Loan Payment | -$2,011 |
| Property Tax | -$342 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$298
|
||
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.
$545,000
PROJECTED PRICE
$2,240
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 6.9% |
| 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
$150,175
LOAN DETAILS
$2,011
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $136,250 |
| Loan Amount | $408,750 |
3.33
YEARS SAVED
$18,000
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,240
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$2,236
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
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11234 Blanc Vineyard Court Las Vegas, NV 1
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LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,950
- $1.04
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359 Carlisle Crossing Street Las Vegas, NV 2
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LEASED 01/28/20- Rent
- Rent Per SQFT
- $2,200
- $1.09
-
11738 Stonewall Springs Avenue Las Vegas, NV 3
- 3 beds 2 baths ∙ 2,058 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,058 Sqft ∙ Built 2003
LEASED 07/16/20- Rent
- Rent Per SQFT
- $2,200
- $1.07
-
11403 Orazio Drive Las Vegas, NV 5
- 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 2004
LEASED 03/02/20- Rent
- Rent Per SQFT
- $2,585
- $1.20
PROPERTY LISTING DETAILS
1.702.469.8793
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256399
Last Updated: 12/18/2020
