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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $168.62
- 3 Days on Market
- MLS # : 2270903
- Updated Date : 02/20/2021 at 15:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,817 sqft
- Baths : 2 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Desirable Location!!! Quaint Lil' GATED Community ~ Tudor Park at Queensridge!!! Front Entry Leads to an Open Floor Plan Boasting 2,800 SF!!! Beautiful Hardwood Flooring Throughout!!! 2-sided Fireplace in Family Room w/Media Niche. Island Kitchen w/Walk-in Pantry! SS Appliances! Beautiful Wood Railing up to 3rd Floor Loft! Unique Primary Bedroom with Vaulted Ceiling, Sitting Area Retreat with 3-sided Fireplace, PLUS A LOFT ABOVE! Walk-in Custom Closet! *Tudor Park Includes a Park with Gazebo, Community Pool and Spa! Roving Security Guards! Alarm System! Landscaping! ALL INCLUDED IN YOUR MONTHLY HOA FEES!!! *This Home is in a Prime Location: Close to Summerlin Pkwy, Across from the Suncoast Hotel with Movie Theaters! Walking Distance to Tivoli Village and Boca Park with Lots of Shops and Great Restaurants! Minutes from Starbucks, Whole Foods, Costco, Downtown Summerlin, Red Rock Hotel and Spa! Red Rock Canyon! Las Vegas Ball Park! VGK Practice Facility! Location...Location...Location!!!
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: Queensridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Queensridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,650 |
| Property Tax | -$337 | |
| Property Insurance | -$82 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$188
|
||
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.
$475,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | -8.9% |
| 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
$131,625
LOAN DETAILS
$1,650
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
3.67
YEARS SAVED
$16,036
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,000
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
9232 Dalmahoy Place Las Vegas, NV 4
- 3 beds 3 baths ∙ 2,817 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,817 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,000
- $0.71
-
9212 Whitekirk Las Vegas, NV 1
- 3 beds 3 baths ∙ 2,817 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,817 Sqft ∙ Built 2006
LEASED 05/26/20- Rent
- Rent Per SQFT
- $1,890
- $0.67
-
9224 Dalmahoy Place Las Vegas, NV 2
- 3 beds 3 baths ∙ 2,817 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,817 Sqft ∙ Built 2006
LEASED 10/06/20- Rent
- Rent Per SQFT
- $1,950
- $0.69
-
9224 Tudor Park Place #0 Las Vegas, NV 3
- 3 beds 3 baths ∙ 2,816 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,816 Sqft ∙ Built 2008
LEASED 06/19/20- Rent
- Rent Per SQFT
- $2,000
- $0.71
-
9221 Worsley Park Place #n/a Las Vegas, NV 5
- 3 beds 3 baths ∙ 2,674 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,674 Sqft ∙ Built 2005
LEASED 02/09/21- Rent
- Rent Per SQFT
- $2,050
- $0.77
PROPERTY LISTING DETAILS
1.702.373.0777
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2270903
Last Updated: 02/20/2021
