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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $167.60
- 2 Days on Market
- MLS # : 2271358
- Updated Date : 02/20/2021 at 21:26
CONSTRUCTION
- Beds : 4
- Floor Size : 1,670 sqft
- Baths : 3 full , 1 half
Listing Agent
Century 21 Gavish Real Estate
Listing Agent's Description
LOCATION, LOCATION, LOCATION!!! 4 bed, 4 bath, 3 story home. Open concept living on main floor. Kitchen island with room for bar stools and all newer, upgraded, stainless steel appliances stay with the property. Spacious dining and adjoining living room has lots of windows to let in the light. Three bedrooms, including the primary bedroom, are located on the upper level(3rd floor). All bedrooms have ceiling fans with lights. Primary bath has separate shower and tub, double sinks and a roomy walk in closet. Upstairs hallway has tons of built in storage cabinets. The 4th bedroom(very private) has own full bath and is located on the lower level(1st floor). It could easily be a roommate, game room, office or creative space. 2 car garage located off the first floor. This home is on a corner lot, has desert landscape and a very low community HOA. Super convenient to shopping, highways and schools. This is the HOME for you.
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 | $1,500 |
| EXPENSES | Loan Payment | -$972 |
| Property Tax | -$224 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$126
|
||
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.
$279,900
PROJECTED PRICE
$1,500
PROJECTED RENT
0.54%
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
$79,924
LOAN DETAILS
$972
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
8.17
YEARS SAVED
$29,848
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,499
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
8929 Paula Jean Avenue Las Vegas, NV 3
- 4 beds 4 baths ∙ 1,670 Sqft ∙ Built 2006 4 beds 4 baths ∙ 1,670 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,500
- $0.90
-
8920 Jamie Lee Avenue #0 Las Vegas, NV 1
- 4 beds 4 baths ∙ 1,670 Sqft ∙ Built 2006 4 beds 4 baths ∙ 1,670 Sqft ∙ Built 2006
LEASED 06/20/20- Rent
- Rent Per SQFT
- $1,450
- $0.87
-
8928 Jaquita Avenue Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,670 Sqft ∙ Built 2006
LEASED 01/22/21- Rent
- Rent Per SQFT
- $1,450
- $0.87
-
7204 Rolling Shore Court Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,782 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,782 Sqft ∙ Built 2005
LEASED 01/29/21- Rent
- Rent Per SQFT
- $1,595
- $0.90
-
8936 Bentonville Court Las Vegas, NV 5
- 4 beds 3 baths ∙ 1,782 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,782 Sqft ∙ Built 2005
LEASED 12/21/20- Rent
- Rent Per SQFT
- $1,695
- $0.95
PROPERTY LISTING DETAILS
1.702.561.3669
Century 21 Gavish Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271358
Last Updated: 02/20/2021
