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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $176.81
- 3 Days on Market
- MLS # : 2271480
- Updated Date : 02/21/2021 at 00:33
CONSTRUCTION
- Beds : 4
- Floor Size : 2,290 sqft
- Baths : 1 full , 1 half
Listing Agent
Resolution Realty
Listing Agent's Description
Newly Remodeled open floor plan! Near shopping, walking paths, dog parks & schools. New wood-like vinyl flooring throughout & quartz countertops. Oversized family room & open, airy kitchen with huge breakfast island. View today!
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: Highlands Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highlands Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$1,406 |
| Property Tax | -$267 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$4
|
||
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.
$404,900
PROJECTED PRICE
$1,860
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 6.5% |
| 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
$113,049
LOAN DETAILS
$1,406
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $101,225 |
| Loan Amount | $303,675 |
5.67
YEARS SAVED
$26,255
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,872
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
9432 Logan Ridge Court Las Vegas, NV 4
- 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $1,860
- $0.81
-
9423 Logan Ridge Court Las Vegas, NV 1
- 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 2015
LEASED 12/22/20- Rent
- Rent Per SQFT
- $1,785
- $0.78
-
9827 Marietta Cellars Court Las Vegas, NV 2
- 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 2018
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.81
-
5659 Alington Bend Drive Las Vegas, NV 3
- 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,333 Sqft ∙ Built 2006
LEASED 12/31/20- Rent
- Rent Per SQFT
- $1,850
- $0.79
-
9814 Kodiak Island Court Las Vegas, NV 5
- 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 2018
LEASED 09/16/20- Rent
- Rent Per SQFT
- $2,045
- $0.89
PROPERTY LISTING DETAILS
1.702.806.2656
Resolution Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271480
Last Updated: 02/21/2021
