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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $139.46
- 3 Days on Market
- MLS # : 2249019
- Updated Date : 11/21/2020 at 13:37
CONSTRUCTION
- Beds : 4
- Floor Size : 3,477 sqft
- Baths : 4 full
Listing Agent
Exp Realty
Listing Agent's Description
Beautiful 2 story home located in the heart of Silverado Ranch. Enter through the formal living room into a spacious open downstairs layout. A chef kitchen awaits you with a double oven, island for food prepping and a large picture window. Entire downstairs and all wet areas have wood-like tile. BRAND new carpet throughout. New countertops/sinks/faucets in all bathrooms. Sparkling pool with a sun deck is ready for all the summer BBQ's. Pick large lemons and kumquats in the Spring from the trees. Large loft adds to the additional entertaining space. All upstairs bedrooms have walk in closets. Shutters throughout entire home. 3 car garage with an overload of storage space. Gas BBQ to stay with property. And a single sweet live Koi fish in backyard pond all accompany this property! ORIGINAL OWNERS BOUGHT DIRECTLY FROM BUILDER.
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: Silverado Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Silverado Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,470 |
| EXPENSES | Loan Payment | -$1,789 |
| Property Tax | -$321 | |
| Property Insurance | -$95 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$147
|
||
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.
$484,888
PROJECTED PRICE
$2,470
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.2% |
| 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
$134,245
LOAN DETAILS
$1,789
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $121,222 |
| Loan Amount | $363,666 |
7.5
YEARS SAVED
$53,877
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,470
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,703
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
9337 Chateau St Jean Drive Las Vegas, NV 2
- 4 beds 4 baths ∙ 3,477 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,477 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $2,470
- $0.71
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319 Ravensmere Avenue Las Vegas, NV 1
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LEASED 09/01/20- Rent
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- $2,300
- $0.70
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1904 Imola Court Las Vegas, NV 3
- 4 beds 3 baths ∙ 3,437 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,437 Sqft ∙ Built 1997
LEASED 07/29/20- Rent
- Rent Per SQFT
- $2,500
- $0.73
-
1313 Waterford Falls Avenue Las Vegas, NV 4
- 4 beds 4 baths ∙ 3,380 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,380 Sqft ∙ Built 1999
LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,700
- $0.80
-
296 Great Duke Avenue Las Vegas, NV 5
- 4 beds 3 baths ∙ 3,459 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,459 Sqft ∙ Built 1999
LEASED 06/04/20- Rent
- Rent Per SQFT
- $3,050
- $0.88
PROPERTY LISTING DETAILS
1.702.269.8443
Exp Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2249019
Last Updated: 11/21/2020
