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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $231.24
- 10 Days on Market
- MLS # : 2246579
- Updated Date : 11/11/2020 at 06:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,466 sqft
- Baths : 2 full
Listing Agent
Metroscape Realty Group Llc
Listing Agent's Description
Beautiful Single-Story 3 Bedroom/2 Full Bath Home with 2 Car Garage, Located In Heart Of Silverado Ranch, Home Has Spacious Floor Plan, Open Kitchen Includes Island Bar, Granite Countertops & Stainless-Steel Appliances, Master Bedroom includes Double Vanity Sink & Large Walk-in Closet, Upgraded Bathrooms, Backyard (pool size) with Low Maintenance Landscaping, Home is Ideal For Entertaining, Move-In Condition- Please See Home Before Its Gone, Thank You
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 | $1,560 |
| EXPENSES | Loan Payment | -$1,251 |
| Property Tax | -$181 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$46
|
||
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.
$339,000
PROJECTED PRICE
$1,560
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
$95,585
LOAN DETAILS
$1,251
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,750 |
| Loan Amount | $254,250 |
5.42
YEARS SAVED
$22,983
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,558
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
9600 Sky Hollow Drive Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $1,560
- $1.06
-
9643 Sky Hollow Drive #n/a Las Vegas, NV 1
- 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1998
![property image]()
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,350
- $1.07
-
9673 Riding Ridge Road Las Vegas, NV 2
- 3 beds 1 baths ∙ 1,266 Sqft ∙ Built 1997 3 beds 1 baths ∙ 1,266 Sqft ∙ Built 1997
![property image]()
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,400
- $1.11
-
1056 Menands Avenue Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1997
![property image]()
LEASED 11/02/20- Rent
- Rent Per SQFT
- $1,475
- $1.01
-
9651 Rancho Rialto Court Henderson, NV 4
- 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,466 Sqft ∙ Built 1997
![property image]()
LEASED 02/11/20- Rent
- Rent Per SQFT
- $1,550
- $1.06
PROPERTY LISTING DETAILS
1.702.249.0886
Metroscape Realty Group Llc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2246579
Last Updated: 11/11/2020
