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 1997
- Price/Sqft : $132.19
- 2 Days on Market
- MLS # : 2265508
- Updated Date : 01/30/2021 at 21:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,215 sqft
- Baths : 3 full
Listing Agent
City National Properties
Listing Agent's Description
LOCATION, LOCATION, LOCATION!!!! amazing home, must see beautiful kitchen, vaulted ceilings, lots of rooms for big family. gorgeous huge back yard with pool spa for your summer hot days, bring your buyers, you wont be disappointed. amazing chandelier included real wood flooring.
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: Lone Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lone Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,210 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$343 | |
| Property Insurance | -$89 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$183
|
||
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.
$425,000
PROJECTED PRICE
$2,210
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.3% |
| 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
$118,375
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
7.83
YEARS SAVED
$43,570
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,210
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$2,194
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
-
9064 Lawton Pine Drive Las Vegas, NV 2
- 5 beds 3 baths ∙ 3,215 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,215 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,210
- $0.69
-
3712 Deer Flats Street Las Vegas, NV 1
- 5 beds 2 baths ∙ 3,215 Sqft ∙ Built 1997 5 beds 2 baths ∙ 3,215 Sqft ∙ Built 1997
LEASED 08/02/20- Rent
- Rent Per SQFT
- $1,950
- $0.61
-
3696 Ferndale Cove Drive Las Vegas, NV 3
- 4 beds 2 baths ∙ 3,387 Sqft ∙ Built 1995 4 beds 2 baths ∙ 3,387 Sqft ∙ Built 1995
LEASED 03/27/20- Rent
- Rent Per SQFT
- $2,295
- $0.68
-
3917 Diamond Ridge Street Las Vegas, NV 4
- 5 beds 3 baths ∙ 3,215 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,215 Sqft ∙ Built 1998
LEASED 02/25/20- Rent
- Rent Per SQFT
- $2,300
- $0.72
-
8951 Fort Crestwood Las Vegas, NV 5
- 5 beds 3 baths ∙ 3,215 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,215 Sqft ∙ Built 1994
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,300
- $0.72
PROPERTY LISTING DETAILS
1.702.491.3769
City National Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2265508
Last Updated: 01/30/2021
