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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $197.91
- 2 Days on Market
- MLS # : 2271692
- Updated Date : 02/21/2021 at 06:04
CONSTRUCTION
- Beds : 4
- Floor Size : 2,728 sqft
- Baths : 2 full
Listing Agent
Compass Realty & Management, L
Listing Agent's Description
Immaculate Single Story Home in the Estates of Arlington Ranch. This stunning and very clean home has 4 Bedrooms, 3 bath and a 3 car garage. Beautiful and Grand entry foyer opens to the formal living room and a den. Fully upgraded wood and tile flooring throughout the entire house. Nice open floor plan with high vaulted ceilings. Gourmet kitchen opens up to the dining area and family room with a fireplace. Huge Master Retreat with en suite bathroom, dual sinks, separate tub and shower and a walk-in closet. 2nd and 3rd bedroom has a jack-n-jlll bathroom with dual sinks. 4th bedroom is separate with a walk in closet. Finished Backyard has a covered patio, grassy area perfect for entertaining. This one is a must see and will not 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: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$1,875 |
| Property Tax | -$353 | |
| Property Insurance | -$80 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$497
|
||
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.
$539,900
PROJECTED PRICE
$1,930
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.8% |
| 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
$148,824
LOAN DETAILS
$1,875
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $134,975 |
| Loan Amount | $404,925 |
1.42
YEARS SAVED
$3,915
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,930
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 11/30/20- Rent
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- $1,795
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8871 Oceanside Slopes Avenue Las Vegas, NV 3
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LEASED 01/04/21- Rent
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- $1,875
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9751 Maspalomas Street Las Vegas, NV 5
- 4 beds 4 baths ∙ 2,680 Sqft ∙ Built 2009 4 beds 4 baths ∙ 2,680 Sqft ∙ Built 2009
LEASED 05/09/20- Rent
- Rent Per SQFT
- $2,100
- $0.78
PROPERTY LISTING DETAILS
1.702.375.7606
Compass Realty & Management, L
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271692
Last Updated: 02/21/2021
