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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $171.49
- 17 Days on Market
- MLS # : 2268959
- Updated Date : 02/18/2021 at 19:29
CONSTRUCTION
- Beds : 4
- Floor Size : 2,974 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Southwe
Listing Agent's Description
4 Bed + Den, Cul-De-Sac, The Lakes Area - STOP check this home out. Sitting on a Cul-De-Sac and featuring one of the largest lots in the area. Formal Entry with sweeping staircase, Wet Bar, Formal Dining Room with Fireplace, Formal Living Room, Family Room with Fireplace, Open Concept kitchen spills out to the great backyard, patio and pool. Den on 1st floor and Laundry. Primary Bedroom is oversized with double sided fireplace into Primary Bath. Double Walk-In Closets. Home has been updated with refreshed HVAC, New Pool Pump and Solar!
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: The Section Seven
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Section Seven
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,540 |
| EXPENSES | Loan Payment | -$1,771 |
| Property Tax | -$298 | |
| Property Insurance | -$85 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$267
|
||
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.
$510,000
PROJECTED PRICE
$2,540
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.4% |
| 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
$140,900
LOAN DETAILS
$1,771
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $127,500 |
| Loan Amount | $382,500 |
8.67
YEARS SAVED
$60,605
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,540
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,580
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
9425 Low Tide Court Las Vegas, NV 3
- 4 beds 2 baths ∙ 2,974 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,974 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $2,540
- $0.85
-
9449 Navy Blue Court Las Vegas, NV 1
- 4 beds 2 baths ∙ 2,974 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,974 Sqft ∙ Built 1989
LEASED 07/20/20- Rent
- Rent Per SQFT
- $2,095
- $0.70
-
9401 Darwell Drive Las Vegas, NV 2
- 5 beds 3 baths ∙ 2,785 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,785 Sqft ∙ Built 1988
LEASED 01/15/21- Rent
- Rent Per SQFT
- $2,395
- $0.86
-
9425 Angelfish Drive Las Vegas, NV 4
- 5 beds 2 baths ∙ 2,974 Sqft ∙ Built 1988 5 beds 2 baths ∙ 2,974 Sqft ∙ Built 1988
LEASED 08/02/20- Rent
- Rent Per SQFT
- $2,850
- $0.96
-
9424 Abalone Way Las Vegas, NV 5
- 5 beds 2 baths ∙ 3,113 Sqft ∙ Built 1988 5 beds 2 baths ∙ 3,113 Sqft ∙ Built 1988
LEASED 12/10/20- Rent
- Rent Per SQFT
- $2,950
- $0.95
PROPERTY LISTING DETAILS
1.702.904.0011
Keller Williams Realty Southwe
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2268959
Last Updated: 02/18/2021
