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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $162.48
- 13 Days on Market
- MLS # : 2259543
- Updated Date : 01/13/2021 at 00:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,308 sqft
- Baths : 3 full
Listing Agent
Las Vegas Realty Llc
Listing Agent's Description
THE HOME IS NESTLED IN A CUL-DE-SAC...PREMIUM LOT MUST SEE THIS IS A GREAT HOME FOR ENTERTAINING WITH A GREAT BACKYARD JUST OUTSIDE THE OPEN KITCHEN AND FAMILY ROOM. FULL BED & BATH DOWNSTAIRS. THIS IS A VERY POPULAR FLOOR PLAN W/ UPGRADES THROUGHOUT... DESIRABLE HOME AND VERY COZY HOME WITH AN OPEN FLOOR PLAN LOCATED IN THE HEART OF CENTENNIAL HILLS. The formal dining room is to the front of the house. The upstairs features the main master bedroom with views of mountains & large master bath! All bedrooms are large & all bedrooms have ceiling fans. Backyard w covered patio!
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: Town Center Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Town Center Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$270 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$106
|
||
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.
$375,000
PROJECTED PRICE
$1,870
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.2% |
| 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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
7.42
YEARS SAVED
$34,485
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,852
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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9337 Longhorn Falls Court Las Vegas, NV 2
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- Rent Per SQFT
- $1,870
- $0.81
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9329 Dorrell Lane Las Vegas, NV 1
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LEASED 07/10/20- Rent
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- $1,750
- $0.76
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9329 Thunder Falls Court Las Vegas, NV 3
- 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 2004
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,900
- $0.80
-
9239 Horseshoe Basin Las Vegas, NV 4
- 4 beds 2 baths ∙ 2,383 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,383 Sqft ∙ Built 2005
LEASED 05/06/20- Rent
- Rent Per SQFT
- $1,940
- $0.81
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6777 Pleasant Flower Street Las Vegas, NV 5
- 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,321 Sqft ∙ Built 2016
LEASED 12/21/20- Rent
- Rent Per SQFT
- $1,950
- $0.84
PROPERTY LISTING DETAILS
1.702.581.5219
Las Vegas Realty Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2259543
Last Updated: 01/13/2021
