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INVESTimate
$369,900
List Price
$103,774
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $135.15
- 5 Days on Market
- MLS # : 2224275
- Updated Date : 08/24/2020 at 21:30
CONSTRUCTION
- Beds : 4
- Floor Size : 2,737 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Gavish Real Estate
Listing Agent's Description
Absolutely gorgeous, highly upgraded home on a cul-de-sac. Pretty front courtyard and leaded glass front entry doors. HUGE kitchen w/granite, loads of cabinets, stainless steel appliances, island breakfast bar, & a large dining area. Formal living & separate family rooms. Extra large master bedroom & bath.Spa like shower w/dual heads & seating, jetted tub & a 2 way fireplace. Great backyard w/a beach entry pool with rock ledges & a beautiful waterfall. Big deck chair area & a shed for all your pool toys. There is a covered patio with brick pavers, lighted ceiling fans and an outdoor kitchen bar-b-q. Some amenities include: 2 tone paint, pot shelves, recessed lighting, 6 panel doors, hardwood & ceramic flooring, blinds, upgraded fans and fixtures, granite in kitchen & baths, balcony off the main bedroom (overlooking the pool), exterior brick style accents & so much more. Pool pump, dishwasher & dryer are less than 2 years old. One look and you will want to make this home yours!
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: Sunrise Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunrise Manor
* 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 | $1,870 |
EXPENSES | Loan Payment | -$1,365 |
Property Tax | -$265 | |
Property Insurance | -$80 | |
Property Management Fees | -$119 | |
CASH FLOW
$41
|
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.
$369,900
PROJECTED PRICE
$1,870
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.75% |
Appreciation Year (1-5) | 12.77% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 8.50% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$103,774
LOAN DETAILS
$1,365
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $92,475 |
Loan Amount | $277,425 |
6.17
YEARS SAVED
$29,352
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
Comps Range
PROPERTY LISTING DETAILS
1.702.277.6288
Century 21 Gavish Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224275
Last Updated: 08/24/2020