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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $179.76
- 3 Days on Market
- MLS # : 2256695
- Updated Date : 12/18/2020 at 17:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,680 sqft
- Baths : 2 full , 1 half
Listing Agent
Vegas Properties Llc
Listing Agent's Description
Fantastic, modern sky ridge home, 3 bedroom 2.5 bathroom home with an open floor plan and a large Den. Large kitchen with granite counters, Island and a walk in panty. Beautiful modern touches and improvements throughout the house. Pictures don't do any justice. Immaculate listing. A must see!
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
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 | $1,510 |
| EXPENSES | Loan Payment | -$1,114 |
| Property Tax | -$249 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$32
|
||
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.
$302,000
PROJECTED PRICE
$1,510
PROJECTED RENT
0.50%
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
$85,780
LOAN DETAILS
$1,114
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,500 |
| Loan Amount | $226,500 |
5.42
YEARS SAVED
$20,678
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,520
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
9341 Pink Stargazer Avenue Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $1,510
- $0.90
-
8080 Satin Carnation Lane Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2015
LEASED 03/05/20- Rent
- Rent Per SQFT
- $1,500
- $0.86
-
9336 Pink Stargazer Avenue Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,680 Sqft ∙ Built 2015
LEASED 09/22/20- Rent
- Rent Per SQFT
- $1,575
- $0.94
-
9352 Pearblossom Sky Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2015
LEASED 05/12/20- Rent
- Rent Per SQFT
- $1,595
- $0.92
-
9404 Jewel Lake Avenue Las Vegas, NV 5
- 4 beds 3 baths ∙ 1,840 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,840 Sqft ∙ Built 2003
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,650
- $0.90
PROPERTY LISTING DETAILS
1.702.280.8090
Vegas Properties Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256695
Last Updated: 12/18/2020
