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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $240.12
- 3 Days on Market
- MLS # : 2271377
- Updated Date : 02/21/2021 at 03:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,620 sqft
- Baths : 2 full
Listing Agent
Urban Nest Realty
Listing Agent's Description
Immaculate, Single Story, William Lyons home. Located in “The Vistas”. Featuring: A Gated Courtyard Entry, Laminate Wood Flooring, New Paint, Plantation Shutters, Kitchen with Quartz Counter Tops, Full Tile Backsplash, Added Kitchen Cabinets, SS Appliances, Kitchen Island with Farmers Sink. Vaulted Ceilings, Ceiling Fans, All Bathrooms Upgraded, Master Bathroom Gutted and Completely Remodeled. Master Bedroom separate from the other bedrooms. Low Maintenance landscaping and Yard has a Covered Patio. Located near Red Rock National Park, Downtown Summerlin, Red Rock Casino, 215 freeway and Vista Park.
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 Vistas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Vistas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$1,351 |
| Property Tax | -$317 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$175
|
||
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.
$389,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 6.9% |
| 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
$108,835
LOAN DETAILS
$1,351
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,250 |
| Loan Amount | $291,750 |
3.5
YEARS SAVED
$11,653
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,677
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
965 Ambrosia Drive Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,670
- $1.03
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11229 Sweet Cicely Avenue Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 2004
LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,620
- $0.95
-
733 Jacobs Ladder Place #0 Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 2004
LEASED 09/23/20- Rent
- Rent Per SQFT
- $1,650
- $0.97
-
820 Jacobs Ladder Place Las Vegas, NV 4
- 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2004
LEASED 09/11/20- Rent
- Rent Per SQFT
- $1,750
- $1.12
-
972 Baronet Drive Las Vegas, NV 5
- 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2010
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,939
- $1.10
PROPERTY LISTING DETAILS
1.702.683.3362
Urban Nest Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271377
Last Updated: 02/21/2021
