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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $214.70
- 2 Days on Market
- MLS # : 2271755
- Updated Date : 02/21/2021 at 02:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,374 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group, Inc
Listing Agent's Description
Absolutely adorable, beautiful gated Trail Ridge home, community pool and play area 3 bed 2.5 bath, this cream puff is move in ready with gorgeous wood like floors and tile through out, no carpet here .Kitchen has granite counters and breakfast bar, stainless steel appliances fridge is include. Nice size living room open to dining room , super nice backyard all done .Fantastic location, This home wont disappoint. Very clean and turnkey.
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: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$1,025 |
| Property Tax | -$197 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$5
|
||
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.
$295,000
PROJECTED PRICE
$1,400
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.8% |
| 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
$83,925
LOAN DETAILS
$1,025
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
6
YEARS SAVED
$20,012
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,436
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
9143 White Rock Peak Street Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,374 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,374 Sqft ∙ Built 2011
- Rent
- Rent Per SQFT
- $1,400
- $1.02
-
8312 Lower Trailhead Avenue #n/a Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,412 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,412 Sqft ∙ Built 2008
LEASED 05/02/20- Rent
- Rent Per SQFT
- $1,450
- $1.03
-
8325 Time Machine Avenue Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 2007
LEASED 02/27/20- Rent
- Rent Per SQFT
- $1,495
- $0.99
-
9127 Black Beauty Street Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,409 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,409 Sqft ∙ Built 2008
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,495
- $1.06
-
9182 Red Knoll Street #0 Las Vegas, NV 5
- 3 beds 3 baths ∙ 1,412 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,412 Sqft ∙ Built 2009
LEASED 01/22/21- Rent
- Rent Per SQFT
- $1,550
- $1.10
PROPERTY LISTING DETAILS
1.702.493.4568
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271755
Last Updated: 02/21/2021
