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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $181.05
- 5 Days on Market
- MLS # : 2255902
- Updated Date : 12/19/2020 at 13:02
CONSTRUCTION
- Beds : 3
- Floor Size : 2,016 sqft
- Baths : 2 full , 1 half
Listing Agent
All Vegas Properties
Listing Agent's Description
Prime SW location within Peccole Ranch Master Plan, offers ample of neighborhood green belts and parks. (Please click 3D tour to view). Just minutes to Down Town Summerlin, Sahara Library & The Lakes. Per Owner tax record did not show additional 242 square foot living space builder upgrades, makes it total square footage approx. 2259. Home is within a secure gated community with large community park. 3 bedroom 2.5 bath and attached 2 car garage, Front living room with high ceiling, laminated wood flooring thru out downstairs, custom modern kitchen, granite stone counter top, large eat in island, adjacent to breakfast nook and a formal family room, cozy fireplace. Additional living space behind the kitchen can easily convert to another bedroom. 3 bedroom and a bright & airy loft upstairs. Separate tub and shower in master bathroom. Appliances to be covey in as is condition. Great outdoor living, private back yard with covered patio. Home is ready for quick closing.
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (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 | $1,750 |
| EXPENSES | Loan Payment | -$1,347 |
| Property Tax | -$249 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$31
|
||
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.
$365,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.48%
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
$102,475
LOAN DETAILS
$1,347
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
5.58
YEARS SAVED
$26,183
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,935
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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9757 Northern Dancer Drive Las Vegas, NV 2
- 3 beds 3 baths ∙ 2,016 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,016 Sqft ∙ Built 1997
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- $0.87
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1800 Warrenville Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,846 Sqft ∙ Built 1998
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,695
- $0.92
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9724 Edifice Avenue Las Vegas, NV 3
- 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
-
1700 Havercamp Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1997
LEASED 04/07/20- Rent
- Rent Per SQFT
- $1,888
- $0.97
-
9740 Ravine Las Vegas, NV 5
- 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,950 Sqft ∙ Built 1998
LEASED 07/07/20- Rent
- Rent Per SQFT
- $1,890
- $0.97
PROPERTY LISTING DETAILS
1.702.247.8738
All Vegas Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2255902
Last Updated: 12/19/2020
