Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $166.16
- 6 Days on Market
- MLS # : 2251745
- Updated Date : 12/04/2020 at 13:45
CONSTRUCTION
- Beds : 4
- Floor Size : 2,166 sqft
- Baths : 2 full
Listing Agent
Keller Williams Market Place
Listing Agent's Description
PREMIER NORTHWEST LOCATION (NORTHWEST IS BOOMING WITH GROWTH) SPRING MOUNTAIN RANCH COMMUNITY - NEARBY PARKS. 4 BEDROOMS, 3 BATHS, AND 3 CAR GARAGE (YES 3 Car Garage, their hard to find). PREVIOUS HOMEOWNER SAID THE CUSTOM IRON FRONT DOOR COST THEM $7,000. STONE ACCENTED FRONT OF HOME WITH BEAUTIFUIL PEBBLE TEC ENTRY STEPS. FRONT AND REAR BALCONIES WITH VIEWS. WROUGHT IRON STAIRCASE LEADS TO EITHER UPSTAIRS GREAT ROOM OR DOWNSTAIRS FAMILY ROOM - ISLAND KITCHEN. TWO BEDROOMS UPSTAIRS AND TWO BEDROOMS DOWNSTAIRS. UPSTAIRS AND DOWNSTAIRS LIVING ROOMS. HUGE OVERSIZED BACKYARD.... PLENTY OF ROOM FOR POOL AND MORE. BACKYARD CAN BE MADE INTO AN ENTERTAINERS DREAM YARD. FULL-LENGTH PATIO. MARBLE FLOORS IN MAIN AREA AND LAMINATE IN BEDROOMS AND DOWNSTAIRS. GAS FIREPLACE. RECESSED LIGHTING IN KITCHEN. BUILT-IN MICROWAVE. REFRIGERATOR. VANITY DESK IN MASTER BATH. LAUNDRY ROOM. TWO AUTOMATIC GARAGE DOOR OPENERS IN GARAGE. VERY CLEAN AND BRIGHT HOME. LOCATION, LOCATION, LOCATION!!!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Spring Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Spring Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$1,328 |
| Property Tax | -$278 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$224
|
||
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.
$359,900
PROJECTED PRICE
$1,570
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.7% |
| 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
$101,124
LOAN DETAILS
$1,328
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
2.92
YEARS SAVED
$9,625
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$1,625
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
9032 Rusty Rifle Avenue Las Vegas, NV 2
- 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $1,570
- $0.72
-
9065 Pine Mission Avenue Las Vegas, NV 1
- 3 beds 3 baths ∙ 2,067 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,067 Sqft ∙ Built 2004
![property image]()
LEASED 12/24/19- Rent
- Rent Per SQFT
- $1,550
- $0.75
-
9040 Spinning Wheel Las Vegas, NV 3
- 3 beds 3 baths ∙ 2,067 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,067 Sqft ∙ Built 2004
![property image]()
LEASED 04/02/20- Rent
- Rent Per SQFT
- $1,595
- $0.77
-
8928 Iron Hitch Avenue #0 Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2000
![property image]()
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,595
- $0.72
-
9020 Wolf Dancer Avenue Las Vegas, NV 5
- 3 beds 3 baths ∙ 2,316 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,316 Sqft ∙ Built 2004
![property image]()
LEASED 02/26/20- Rent
- Rent Per SQFT
- $1,750
- $0.76
PROPERTY LISTING DETAILS
1.702.461.8850
Keller Williams Market Place
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2251745
Last Updated: 12/04/2020
