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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $151.62
- 2 Days on Market
- MLS # : 2250644
- Updated Date : 11/28/2020 at 15:33
CONSTRUCTION
- Beds : 4
- Floor Size : 2,902 sqft
- Baths : 3 full
Listing Agent
Prominent Realty Group Llc
Listing Agent's Description
EXQUISITE END OF CUL DE SAC CORNER LOT* TWO STORY HOME IN CENTENNIAL HILLS,SOARING CEILINGS UPON ENTRY* 4 BEDROOMS, 3 BATHROOMS,BED AND BATH DOWN, CEILING FANS, INVITING FORMAL LIVING & DINING ROOM .ALL APPLIANCES INCLUDED,KITCHEN HAS GRANITE COUNTERS TOPS, ISLAND, PANTRY, AND BREAKFAST BAR, DINING AREA OFF KITCHEN, MASTER BEDROOM IS SEPARATE. MASTER BATHROOM HAS SEPARATE SHOWER,DOUBLE SINKS AND JETTED BATHTUB. GOOD SIZE BACK YARD.CONVIENENTLY ACCESSIBLE TO 95 & 215 AXLE,RESTAURANTS, FREEWAYS, AND SHOPPING.. A MUST SEE PROPERTY!!
SEE MORE
- 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)
- 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)
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 | $2,230 |
| EXPENSES | Loan Payment | -$1,623 |
| Property Tax | -$347 | |
| Property Insurance | -$83 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$58
|
||
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.
$439,995
PROJECTED PRICE
$2,230
PROJECTED RENT
0.51%
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
$122,349
LOAN DETAILS
$1,623
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $109,999 |
| Loan Amount | $329,996 |
6.58
YEARS SAVED
$40,653
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,230
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$2,300
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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- $2,400
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LEASED 10/04/20- Rent
- Rent Per SQFT
- $2,400
- $0.88
PROPERTY LISTING DETAILS
1.702.325.5166
Prominent Realty Group Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2250644
Last Updated: 11/28/2020
