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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $150.20
- 7 Days on Market
- MLS # : 2251428
- Updated Date : 12/03/2020 at 12:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,964 sqft
- Baths : 2 full
Listing Agent
Realty One Group, Inc
Listing Agent's Description
Check out this STUNNING MAINTAINED one story family home with NO HOA! Three oversized bedrooms with ceiling fans, Large dining area, family room with fireplace, formal living area, classy sunburst shutters, and 5 inch baseboards throughout! 30x10 ft covered patio leads to beautiful backyard featuring Spa with lights, flagstone pavers, grass and 15x13 shed (possible casita?) Great Location Just Blocks from 2 major freeways. Blocks away from Boca Park, Tivoli Village and Las Vegas Ballpark.
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: Charleston Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Charleston Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$1,088 |
| Property Tax | -$122 | |
| Property Insurance | -$65 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$86
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$295,000
PROJECTED PRICE
$1,480
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 12.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.50% |
| 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
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
7.17
YEARS SAVED
$30,376
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,480
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,566
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
924 Vincent Way Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 1970
![property image]()
- Rent
- Rent Per SQFT
- $1,480
- $0.75
-
6949 Kim Avenue Las Vegas, NV 1
- 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 1969
![property image]()
LEASED 04/06/20- Rent
- Rent Per SQFT
- $1,350
- $0.77
-
808 Antigua Street Las Vegas, NV 2
- 3 beds 1 baths ∙ 1,877 Sqft ∙ Built 1970 3 beds 1 baths ∙ 1,877 Sqft ∙ Built 1970
![property image]()
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,400
- $0.75
-
6921 Alta Las Vegas, NV 3
- 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1967
![property image]()
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,450
- $0.80
-
6949 Marseilles Circle Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1970
![property image]()
LEASED 02/24/20- Rent
- Rent Per SQFT
- $1,550
- $0.87
PROPERTY LISTING DETAILS
1.702.970.1901
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2251428
Last Updated: 12/03/2020
