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3434 Dapple Drive 
North Las Vegas, NV
89032
5 Beds 3 Baths 2,435 sqft
Built 1995
INVESTimate
$329,999
List Price
$93,200
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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $135.52
- 2 Days on Market
- MLS # : 2224852
- Updated Date : 08/25/2020 at 23:26
CONSTRUCTION
- Beds : 5
- Floor Size : 2,435 sqft
- Baths : 3 full
Listing Agent
Urban Nest Realty
Listing Agent's Description
Welcome Home!!! Lovely 2 story hard to find 5 bedrooms, 3 baths, 3 car garage in Silverwood Ranch! Open & inviting with high vaulted ceiling entry to living area with built-in bar, dining area & family room. Featuring upgraded Kitchen with new cabinets, island & granite countertops. Newly finished backyard with desert landscaping & patio for relaxing. Conveniently located near shopping, dining, schools & much more. This home wont last long, schedule a showing appointment today & make an offer!
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: Silverwood Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Silverwood 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 | $1,670 |
| EXPENSES | Loan Payment | -$1,218 |
| Property Tax | -$233 | |
| Property Insurance | -$74 | |
| HOA | -$18 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$8
|
||
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.
$329,999
PROJECTED PRICE
$1,670
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 11.14% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.50% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$93,200
LOAN DETAILS
$1,218
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,500 |
| Loan Amount | $247,499 |
5.5
YEARS SAVED
$23,143
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,674
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
3434 Dapple Drive North Las Vegas, NV 1
- 5 beds 3 baths ∙ 2,435 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,435 Sqft ∙ Built 1995
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3425 Golden Sage Drive #0 North Las Vegas, NV 4
- 4 beds 3 baths ∙ 2,107 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,107 Sqft ∙ Built 1995
LEASED 09/27/19- Rent
- Rent Per SQFT
- $1,500
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2512 Jubilance Point Court #n/a North Las Vegas, NV 5
- 5 beds 4 baths ∙ 2,697 Sqft ∙ Built 2008 5 beds 4 baths ∙ 2,697 Sqft ∙ Built 2008
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,775
- $0.66
PROPERTY LISTING DETAILS
1.702.513.1111
Urban Nest Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224852
Last Updated: 08/25/2020
