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2400 Sungold Drive 
Las Vegas, NV
89134
2 Beds 1 Baths 2,486 sqft
Built 1990
INVESTimate
$550,000
List Price
$151,500
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PROPERTY INFO
FACTS
- Built In 1990
- Price/Sqft : $221.24
- 3 Days on Market
- MLS # : 2222869
- Updated Date : 08/24/2020 at 21:30
CONSTRUCTION
- Beds : 2
- Floor Size : 2,486 sqft
- Baths : 1 full
Listing Agent
Great Homes Las Vegas, Inc.
Listing Agent's Description
Sun City Summerlin Santa Paula model, with RARE detached Casita (761 sq ft apprx) on beautifully maintained .44 acre culdesac lot. 2 BR plus Den with built-in bookcases. Spacious kitchen, sub-zero fridge, corian counters, stainless appliances, dual drawer DW, breakfast bar, desk with overhead glass cabinet doors. Plantation Shutters, 2 FP's, in FR & LR Open the exterior French Doors in the MBR & listen to the flowing fountain outdoors. Casita includes 1 BR, walk-in closet, 3/4 BA, Liv Room & Bonus Room plus indoor spa. Newer Furnace, A/C units & Hot Water Heater. Swamp Cooler. Enjoy this perfectly maintained park like backyard oasis everyday of your life! Large covered patio with mister system, built-in Turbo BBQ/Heat Plate/Gas Stove , plus ext semi-covered patio with patio. Putting Green. Located in the Heart of Del Webbs's 55+ Age Active Community which includes 4 Rec Centers, pools, spas, fitness centers, Star Bright Theater, 3 golf courses & numerous other amenities & clubs
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: Sun City Summerlin
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City Summerlin
* 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 | $2,500 |
| EXPENSES | Loan Payment | -$2,029 |
| Property Tax | -$385 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$109
|
||
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.
$550,000
PROJECTED PRICE
$2,500
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.05% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$151,500
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
4.92
YEARS SAVED
$32,524
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,967
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
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2400 Sungold Drive Las Vegas, NV 1
- 2 beds 1 baths ∙ 2,486 Sqft ∙ Built 1990 2 beds 1 baths ∙ 2,486 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $0
- $0.00
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- Rent Per SQFT
- $2,950
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9413 Eagle Valley Drive Las Vegas, NV 4
- 2 beds 1 baths ∙ 2,486 Sqft ∙ Built 1990 2 beds 1 baths ∙ 2,486 Sqft ∙ Built 1990
LEASED 02/08/20- Rent
- Rent Per SQFT
- $3,500
- $1.41
PROPERTY LISTING DETAILS
1.702.371.8658
Great Homes Las Vegas, Inc.
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2222869
Last Updated: 08/24/2020
