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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $154.65
- 3 Days on Market
- MLS # : 2270343
- Updated Date : 02/19/2021 at 21:30
CONSTRUCTION
- Beds : 5
- Floor Size : 4,035 sqft
- Baths : 3 full
Listing Agent
Exp Realty
Listing Agent's Description
This home is truly ONE-OF-A-KIND. A rare find. Absolutely stunning 5 bed, 3 bath home, located on its own oasis in Centennial Hills. Whether in the front yard relaxing in the courtyard or in the back yard enjoying the private pool/spa and covered patio, you'll be surrounded by beautiful, lush landscaping, basking in the warm Vegas sun, and taking in the sounds of nature! Spacious floor plan with an open, bright feel. Master bath with GARDEN TUB & separate shower, Large walk in closet. Loft AND additional bonus room with built in desks. APPLIANCES INCLUDED (fridge, water softener, one washer/dryer set). This one is a must-see and will not disappoint.
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: 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 | $2,680 |
| EXPENSES | Loan Payment | -$2,167 |
| Property Tax | -$453 | |
| Property Insurance | -$105 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$165
|
||
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.
$624,000
PROJECTED PRICE
$2,680
PROJECTED RENT
0.43%
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
$171,110
LOAN DETAILS
$2,167
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $156,000 |
| Loan Amount | $468,000 |
4.33
YEARS SAVED
$26,503
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,680
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$2,690
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
-
9363 Outer Banks Avenue Las Vegas, NV 4
- 5 beds 3 baths ∙ 4,035 Sqft ∙ Built 2004 5 beds 3 baths ∙ 4,035 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $2,680
- $0.66
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9949 Madison Walk Avenue Las Vegas, NV 1
- 4 beds 4 baths ∙ 3,730 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,730 Sqft ∙ Built 2005
LEASED 10/14/19- Rent
- Rent Per SQFT
- $2,295
- $0.62
-
9353 Thunder Basin Avenue Las Vegas, NV 2
- 4 beds 3 baths ∙ 3,748 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,748 Sqft ∙ Built 2005
LEASED 03/09/20- Rent
- Rent Per SQFT
- $2,495
- $0.67
-
9961 Madison Walk Avenue Las Vegas, NV 3
- 5 beds 5 baths ∙ 3,730 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,730 Sqft ∙ Built 2005
LEASED 03/30/20- Rent
- Rent Per SQFT
- $2,645
- $0.71
PROPERTY LISTING DETAILS
1.702.810.1993
Exp Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2270343
Last Updated: 02/19/2021
