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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $197.95
- 5 Days on Market
- MLS # : 2251948
- Updated Date : 12/03/2020 at 15:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,662 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group, Inc
Listing Agent's Description
Great Southwest Location With Pride of Ownership! 3 Bedrooms + Easily Converted To a 4th Bedroom Loft, 2.5 Baths! Primary Bedroom Downstairs! Primary Ensuite Features Dual Sinks, Separate Tub & Shower and Walk-in Closet! Spacious Living Room w/Soaring Ceilings! Wood Shutters Thru-out! Tons of Storage Space! Laminate Flooring Thru-out Most of the Home & Tile Entry Foyer and Kitchen! Wide Baseboards! Stainless Samsung Appliances! Ceiling Fans In Every Room! Solar Screens On All Windows! Low Maintenance Front & Backyard w/Concrete & Pavered Patio! Exterior Painted in 2019! New Drip System Spring 2020!
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: Rhodes Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rhodes Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,410 |
| EXPENSES | Loan Payment | -$1,214 |
| Property Tax | -$204 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$187
|
||
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.
$328,987
PROJECTED PRICE
$1,410
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 8.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| 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
$92,932
LOAN DETAILS
$1,214
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,247 |
| Loan Amount | $246,740 |
3.25
YEARS SAVED
$10,308
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,410
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,550
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
9774 Sonora Bend Avenue Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,410
- $0.85
-
9708 Ridgebluff Avenue Las Vegas, NV 2
- 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 2002
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,499
- $0.96
-
9946 Ridgehaven Avenue Las Vegas, NV 3
- 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 2000
LEASED 08/21/20- Rent
- Rent Per SQFT
- $1,550
- $0.90
-
9783 Ocotillo Falls Avenue Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 2002
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,600
- $0.96
-
9773 Havasupai Las Vegas, NV 5
- 4 beds 3 baths ∙ 1,822 Sqft ∙ Built 2002 4 beds 3 baths ∙ 1,822 Sqft ∙ Built 2002
LEASED 06/11/20- Rent
- Rent Per SQFT
- $1,650
- $0.91
PROPERTY LISTING DETAILS
1.702.219.2585
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2251948
Last Updated: 12/03/2020
