Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
9770 Bradford Summit Street 
Las Vegas, NV
89183
2 Beds 2 Baths 1,120 sqft
Built 1998
INVESTimate
$275,000
List Price
$78,625
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $245.54
- 2 Days on Market
- MLS # : 2224788
- Updated Date : 08/25/2020 at 16:36
CONSTRUCTION
- Beds : 2
- Floor Size : 1,120 sqft
- Baths : 2 full
Listing Agent
Realty One Group Inc
Listing Agent's Description
In the heart of Silverado Ranch! Pride of ownership with this beautiful single story corner lot home with cozy covered front porch. Open floor plan with 2 bed and 2 bath. Comes with all appliances, quartz kitchen counters, plantation shutters, ceiling fans and wood laminate flooring. Relaxing backyard with mature landscaping: grass, rose bushes and covered patio. Tons of shopping and freeway access nearby. Don't let this one slip by!
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: 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
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,230 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$162 | |
| Property Insurance | -$49 | |
| HOA | -$16 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$131
|
||
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.
$275,000
PROJECTED PRICE
$1,230
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.15% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
3.67
YEARS SAVED
$10,595
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,230
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,246
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
9770 Bradford Summit Street Las Vegas, NV 1
- 2 beds 2 baths ∙ 1,120 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,120 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,230
- $1.10
-
9631 Blue Calico Drive #0 Las Vegas, NV 2
- 2 beds 2 baths ∙ 1,230 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,230 Sqft ∙ Built 1998
LEASED 04/09/20- Rent
- Rent Per SQFT
- $1,295
- $1.05
-
9696 Gunsmith Drive Las Vegas, NV 3
- 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1999
LEASED 03/06/20- Rent
- Rent Per SQFT
- $1,345
- $1.08
-
9780 Altadena Street Las Vegas, NV 4
- 2 beds 2 baths ∙ 1,120 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,120 Sqft ∙ Built 1998
LEASED 10/30/19- Rent
- Rent Per SQFT
- $1,365
- $1.22
-
9671 Gunsmith Drive Las Vegas, NV 5
- 2 beds 3 baths ∙ 1,250 Sqft ∙ Built 1999 2 beds 3 baths ∙ 1,250 Sqft ∙ Built 1999
LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,375
- $1.10
PROPERTY LISTING DETAILS
1.702.561.0132
Realty One Group Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224788
Last Updated: 08/25/2020
