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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $229.77
- 5 Days on Market
- MLS # : 2257364
- Updated Date : 12/23/2020 at 08:42
CONSTRUCTION
- Beds : 3
- Floor Size : 1,693 sqft
- Baths : 2 full , 1 half
Listing Agent
Era Brokers Consolidated
Listing Agent's Description
Super clean & ready to go. All rooms are large & open in this single story home. Great functional floor plan for any lifestyle. Plantation shutters, blinds & ceiling fans through out. Nice sized kitchen, plenty of cabinets & granite counter tops that opens to the family room. Upgraded porcelain tile & stainless steel appliances. The laundry room has a sink, cabinet & shelves. The hall bathroom has been nicely upgraded with a new cabinetry & granite top. The primary bedroom is very nice & relaxing. Primary shower has been updated with butted defused glass & solid surface surround. Low maintenance backyard with a large allumawood covered patio. Secure entry at front door, gated community with interior park. Nestled in the heart of Peccole Ranch with walking trails, paseos & parks. Near great schools, local casino, restaurants, shopping at Down Town Summerlin, freeway access, minutes from Red Rock Canyon, new Las Vegas Aviator baseball stadium and the Vegas Golden Knights main facility!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Peccole Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Peccole Ranch
* 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 | -$1,435 |
| Property Tax | -$238 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$182
|
||
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) | 7.9% |
| 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
$1,435
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,250 |
| Loan Amount | $291,750 |
3.67
YEARS SAVED
$15,374
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 -
$0.99
LIST RENT PER SQFT
-
$1,672
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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9733 Northern Dancer Drive Las Vegas, NV 2
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9761 Derbyhill Circle Las Vegas, NV 1
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LEASED 05/29/20- Rent
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- $1,650
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1620 Country Hollow Drive Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1991
LEASED 03/17/20- Rent
- Rent Per SQFT
- $1,700
- $0.97
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1401 Chaparral Summit Drive #0 Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994
LEASED 08/21/20- Rent
- Rent Per SQFT
- $1,800
- $1.03
-
9724 Edifice Avenue Las Vegas, NV 5
- 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 1998
LEASED 09/14/20- Rent
- Rent Per SQFT
- $1,800
- $0.98
PROPERTY LISTING DETAILS
1.702.525.9800
Era Brokers Consolidated
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2257364
Last Updated: 12/23/2020
