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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $191.76
- 3 Days on Market
- MLS # : 2276530
- Updated Date : 03/07/2021 at 03:46
CONSTRUCTION
- Beds : 2
- Floor Size : 912 sqft
- Baths : 2 full
Listing Agent
Homesmart Encore
Listing Agent's Description
Convenient first floor open floor plan with beautiful fireplace in large living room, Kitchen with breakfast bar, oak cabs, tile, and updated granite tops, remodeled baths with tile floors and granite tops, custom mirrored wall in Dining area...all appliances included new Washer/Dryer & Hot Water Heater w/ Warranty, and a large storage room to boot...Furniture and exercise equipment can also be purchased separately. A little bit of Mayberry and a great peaceful location greets you with your own private custom porch...Community pool!! Very clean unit and priced to move!!!
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: Pioneer Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pioneer Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,000 |
| EXPENSES | Loan Payment | -$607 |
| Property Tax | -$95 | |
| Property Insurance | -$45 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$134
|
||
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.
$174,888
PROJECTED PRICE
$1,000
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 11.5% |
| 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
$52,095
LOAN DETAILS
$607
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $43,722 |
| Loan Amount | $131,166 |
9.67
YEARS SAVED
$24,078
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,000
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,001
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
937 Boulder Mesa Drive #101 Las Vegas, NV 4
- 2 beds 2 baths ∙ 912 Sqft ∙ Built 1990 2 beds 2 baths ∙ 912 Sqft ∙ Built 1990
![property image]()
- Rent
- Rent Per SQFT
- $1,000
- $1.10
-
7937 Terrace Rock Way #102 Las Vegas, NV 1
- 2 beds 2 baths ∙ 912 Sqft ∙ Built 1992 2 beds 2 baths ∙ 912 Sqft ∙ Built 1992
![property image]()
LEASED 08/24/20- Rent
- Rent Per SQFT
- $995
- $1.09
-
7941 Terrace Rock Way #202 Las Vegas, NV 2
- 2 beds 2 baths ∙ 912 Sqft ∙ Built 1992 2 beds 2 baths ∙ 912 Sqft ∙ Built 1992
![property image]()
LEASED 12/29/20- Rent
- Rent Per SQFT
- $995
- $1.09
-
916 Rockview Drive #102 Las Vegas, NV 3
- 2 beds 2 baths ∙ 912 Sqft ∙ Built 1990 2 beds 2 baths ∙ 912 Sqft ∙ Built 1990
![property image]()
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,000
- $1.10
-
7948 Decker Canyon Drive #201 Las Vegas, NV 5
- 2 beds 2 baths ∙ 912 Sqft ∙ Built 1991 2 beds 2 baths ∙ 912 Sqft ∙ Built 1991
![property image]()
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,010
- $1.11
PROPERTY LISTING DETAILS
1.702.526.6741
Homesmart Encore
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2276530
Last Updated: 03/07/2021
