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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $218.34
- 5 Days on Market
- MLS # : 2270853
- Updated Date : 02/18/2021 at 01:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,603 sqft
- Baths : 2 full
Listing Agent
Sellpro Realty
Listing Agent's Description
Single Story Charmer on Cul-de-sac Street Surrounded by Single Story Homes. Located in the Heart of Silverado Ranch Area. Wood-like and Tile Flooring Throughout Most of the Home. Gas Fireplace. Family Room and Living Room. Dining Area and Breakfast Nook. Open Floorplan. Charming Covered Front Porch. Generous Rear Yard with Privacy. Granite Countertops in Kitchen. Vaulted Ceilings. Separated Laundry Room. Built In Closet Storage Shelving in All Bedroom Closets. Spacious Master w/Walk In Closet and Separated Shower and Bath. Newer A/C Unit! Light, Bright and Airy. Won't Last Long.
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: 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 | $1,610 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$188 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$30
|
||
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.
$350,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.46%
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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
6.33
YEARS SAVED
$25,813
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,603
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
9375 Morehouse Place Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,610
- $1.00
-
9397 Baltinglass Street Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,464 Sqft ∙ Built 1999
LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,500
- $1.02
-
9400 Morehouse Place Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1998
LEASED 10/21/20- Rent
- Rent Per SQFT
- $1,530
- $1.04
-
9340 Morehouse Place #0 Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1998
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,550
- $0.97
-
9363 Morehouse Place Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1998
LEASED 08/07/20- Rent
- Rent Per SQFT
- $1,550
- $0.97
PROPERTY LISTING DETAILS
1.702.480.4445
Sellpro Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2270853
Last Updated: 02/18/2021
