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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $162.55
- 4 Days on Market
- MLS # : 2262997
- Updated Date : 01/23/2021 at 08:02
CONSTRUCTION
- Beds : 4
- Floor Size : 3,076 sqft
- Baths : 3 full , 1 half
Listing Agent
Urban Nest Realty
Listing Agent's Description
Gorgeous 2018 two story home located in Highlands Ranch/Fox Hill Estates in the southwest offers 4 beds with master downstairs, 3.5 baths, 3 car garage, stone elevation, and pavers driveway. Sizeable kitchen with granite counters and large island for entertaining. Family room, living room, and dining area along with separate laundry room provide space for all your needs. Full security system with outside cameras and Door Ring, solar panels, water softening system, and electric fireplace. 4th bedroom has private full bath and spacious walk-in closet. Home is ceiling fan ready with an enormous loft area for your delight. TV and Cat5 cable hook-ups throughout home. Planter-ready (lemon trees budding) and fully paved yard with Cat5 hookup.
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: Highlands Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highlands Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,420 |
| EXPENSES | Loan Payment | -$1,737 |
| Property Tax | -$374 | |
| Property Insurance | -$87 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$104
|
||
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.
$500,000
PROJECTED PRICE
$2,420
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 6.5% |
| 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
$138,250
LOAN DETAILS
$1,737
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $125,000 |
| Loan Amount | $375,000 |
7
YEARS SAVED
$42,102
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,420
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$2,384
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
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- $2,500
- $0.84
PROPERTY LISTING DETAILS
1.702.376.7123
Urban Nest Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2262997
Last Updated: 01/23/2021
