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3209 Villa Pisani Court 
North Las Vegas, NV
89031
5 Beds 3 Baths 3,720 sqft
Built 2006
INVESTimate
$394,900
List Price
$110,399
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PROPERTY INFO
FACTS
- Built In 2006
- Price/Sqft : $106.16
- 2 Days on Market
- MLS # : 2224475
- Updated Date : 08/25/2020 at 16:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,720 sqft
- Baths : 3 full
Listing Agent
Life Realty District
Listing Agent's Description
BEAUTIFULLY APPOINTED 5 BEDROOM HOME WITH ONE BED AND FULL BATH DOWNSTAIRS. CENTRALLY LOCATED TO SCHOOLS,SHOPPING,ENTERTAINMENT AND FREEWAY ACCESS.OPEN FLOOR PLAN WITH FORMAL LIVING AND DINNING ROOM AT ENTRY. UPGRADED STONE AND TILE FLOORING THROUGHOUT. HUGE FAMILY ROOM WITH MOVABLE FIREPLACE INCLUDED. GOURMET KITCHEN WITH STAINLESS APPLIANCES, GRANITE COUNTER TOPS AND CUSTON CABINETS WITH CENTER ISLAND WITH BREAKFAST BAR PERFECT FOR FAMILY GATHERINGS OR ENTERTAINING. UPSTAIRS OVERSIZED MASTER BEDROOM WITH HUGE SITTING ROOM, MASTER BATH HAS ROMAN STYLE TUB WITH DUAL SINKS, DUAL WALK IN CLOSETS AND A MAKE-UP COUNTER, 3 ADDITIONAL BEDROOMS UPSTAIRS. OVERSIZED REAR POOL SIZED YARD WITH COVERED PATIO AND SHED PERFECT TO UNWIND AND RELAX WITH FAMILY AND FRIENDS ON THOSE WARM VERGAS NIGHTS. SOLAR IS LEASED AND HUGE SAVINGS ON POWER. A MUST SEE TODAY. THIS ONE WILL NOT LAST LONG!
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: North Las Vegas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Las Vegas
* 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 | $2,040 |
| EXPENSES | Loan Payment | -$1,457 |
| Property Tax | -$348 | |
| Property Insurance | -$99 | |
| HOA | -$42 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$25
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$394,900
PROJECTED PRICE
$2,040
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 11.11% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.50% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$110,399
LOAN DETAILS
$1,457
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $98,725 |
| Loan Amount | $296,175 |
4.75
YEARS SAVED
$22,952
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,040
LIST RENT -
$0.55
LIST RENT PER SQFT
-
$2,213
COMP ESTIMATED VALUE -
$0.6
COMP AVG. RENT PER SQFT
Comps Range
-
3209 Villa Pisani Court North Las Vegas, NV 2
- 5 beds 3 baths ∙ 3,720 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,720 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,040
- $0.55
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3212 Bonassola Avenue North Las Vegas, NV 1
- 5 beds 2 baths ∙ 3,720 Sqft ∙ Built 2006 5 beds 2 baths ∙ 3,720 Sqft ∙ Built 2006
LEASED 08/29/19- Rent
- Rent Per SQFT
- $1,995
- $0.54
-
6232 Villa Emo Street North Las Vegas, NV 3
- 5 beds 3 baths ∙ 3,720 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,720 Sqft ∙ Built 2006
LEASED 03/31/20- Rent
- Rent Per SQFT
- $2,200
- $0.59
-
2425 Mountain Rail Drive #0 Las Vegas, NV 4
- 5 beds 2 baths ∙ 3,790 Sqft ∙ Built 2005 5 beds 2 baths ∙ 3,790 Sqft ∙ Built 2005
LEASED 06/10/20- Rent
- Rent Per SQFT
- $2,250
- $0.59
-
2316 Mistle Thrush North Las Vegas, NV 5
- 5 beds 3 baths ∙ 3,752 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,752 Sqft ∙ Built 2003
LEASED 04/21/20- Rent
- Rent Per SQFT
- $2,495
- $0.66
PROPERTY LISTING DETAILS
1.702.540.3775
Life Realty District
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224475
Last Updated: 08/25/2020
