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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $178.25
- 3 Days on Market
- MLS # : 2280088
- Updated Date : 03/21/2021 at 00:28
CONSTRUCTION
- Beds : 3
- Floor Size : 3,338 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Central
Listing Agent's Description
LOVELY EUROPEAN STYLE 2 STORY HOME. THE HOME HAS A FULL-LENGTH CERAMIC COVERED FRONT BALCONY. LIVING ROOM, DINNING ROOM, AND KITCHEN OPEN TO EACH OTHER. KITCHEN HAS BEEN REMODELED, QUARTZ COUNTERS, STAINLESS OVEN HOOD, AND SINK KITCHEN AID. DBL OVENS, DISHWASHER,5 BURNER STOVE MICROWAVE IN STAINLESS STEEL.,.2 LG WALK-IN PANTRY. EX LG LAUNDRY WITH SINK AND DOOR TO REAR YARD. 2 LINEN CLOSETS.FIREPLACE IN LIVING ROOM. 2ND BEDROOM HAS FULL BATHROOM WITH TUB/ SHOWER 3RD BEDROOM HAS FULL BATHROOM WITH SHOWER ONLY.2AND FL HAS OVERSIZED FAMILY ROOM WITH GLASS DOORS TO REAR BALCONY. PRIMARY BED AND BATH WITH 2 SIDED FIREPLACE AND EXTRA LARGE CLOSET. PRIMARY BEDROOM WITH BALCONY..PRIMARY BATH HAS 2 SINKS, SPA TUB. COVERED REAR PATIO WITH FANS THE LENGTHS OF THE HOUSE.EXTRA LG GARAGE WITH 220 AND A SWAMP COOLER. WATER HEATER WAS INSTALLED IN 2020. NEW INTERCOM & DOORBELL.PROPANE TANK FOR GAS STOVE AND FIREPLACE.
SEE MORE
- 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)
- 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)
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 | $2,720 |
EXPENSES | Loan Payment | -$2,067 |
Property Tax | -$347 | |
Property Insurance | -$92 | |
Property Management Fees | -$119 | |
CASH FLOW
$96
|
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.
$595,000
PROJECTED PRICE
$2,720
PROJECTED RENT
0.46%
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
$163,425
LOAN DETAILS
$2,067
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $148,750 |
Loan Amount | $446,250 |
6.67
YEARS SAVED
$48,784
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,720
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,562
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.702.286.8280
Re/max Central
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2280088
Last Updated: 03/21/2021