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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $123.09
- 3 Days on Market
- MLS # : 2271501
- Updated Date : 02/20/2021 at 01:53
CONSTRUCTION
- Beds : 5
- Floor Size : 4,062 sqft
- Baths : 4 full , 1 half
Listing Agent
Offerpad
Listing Agent's Description
Outstanding move-in ready home in the gated community of Eldorado. Featuring a 3 Car garage (4 bay) with epoxy floors, great curb appeal. Spacious great room floor plan w/beautiful tile floors, window blinds, welcoming palette, upgraded lighting/ceiling fans, & main floor guest bedroom and bath. Stunning chefs kitchen features a center island, upgraded quartz counters, breakfast bar, pendant lighting, SS appliances, tile backsplash, pantry, & plethora of white cabinetry w/crown molding, water softener/rev osmosis. 5 Generous size bedrooms, private den, ample closets, plush carpet, & upscale baths w/designer touches. Owner's suite includes a barn door that opens to a spacious en-suite with separate soaking tub and shower. Amazing oversized loft area for entertaining. Large laundry room w/storage shelves. Enjoy the inviting backyard with large hot tub, covered patio, decorative stone, & desert plants. Close to Seastrand Park & Retail. Take a tour of this desert gem and make it yours!
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: El Dorado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: El Dorado
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,790 |
| EXPENSES | Loan Payment | -$1,737 |
| Property Tax | -$449 | |
| Property Insurance | -$106 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$380
|
||
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.
$499,999
PROJECTED PRICE
$2,790
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 8.8% |
| 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
$138,250
LOAN DETAILS
$1,737
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $125,000 |
| Loan Amount | $374,999 |
9.5
YEARS SAVED
$67,643
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,790
LIST RENT -
$0.69
LIST RENT PER SQFT
-
$2,816
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
913 Claystone Ridge Ave Avenue North Las Vegas, NV 3
- 5 beds 5 baths ∙ 4,062 Sqft ∙ Built 2017 5 beds 5 baths ∙ 4,062 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $2,790
- $0.69
-
2116 Humble Hollow Place North Las Vegas, NV 1
- 5 beds 4 baths ∙ 4,006 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,006 Sqft ∙ Built 2006
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,695
- $0.67
-
1612 Sweet Jenny North Las Vegas, NV 2
- 5 beds 5 baths ∙ 3,804 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,804 Sqft ∙ Built 2006
LEASED 07/25/20- Rent
- Rent Per SQFT
- $2,700
- $0.71
-
6412 Towerstone Street North Las Vegas, NV 4
- 5 beds 5 baths ∙ 4,277 Sqft ∙ Built 2018 5 beds 5 baths ∙ 4,277 Sqft ∙ Built 2018
LEASED 12/23/20- Rent
- Rent Per SQFT
- $2,995
- $0.70
PROPERTY LISTING DETAILS
1.702.769.7097
Offerpad
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271501
Last Updated: 02/20/2021
