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9140 Giardino Villa Street 
Las Vegas, NV
89148
3 Beds 3 Baths 1,650 sqft
Built 2008
INVESTimate
$289,000
List Price
$82,335
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PROPERTY INFO
FACTS
- Built In 2008
- Price/Sqft : $175.15
- 3 Days on Market
- MLS # : 2224499
- Updated Date : 08/25/2020 at 14:17
CONSTRUCTION
- Beds : 3
- Floor Size : 1,650 sqft
- Baths : 2 full , 1 half
Listing Agent
Go Global Realty
Listing Agent's Description
Fridge, washer and dryer NOT included. Branded Virtual tool has full 3d model of property.
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: Enterprise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Enterprise
* 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 | $1,380 |
| EXPENSES | Loan Payment | -$1,066 |
| Property Tax | -$197 | |
| Property Insurance | -$59 | |
| HOA | -$48 | |
| 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.
$289,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.79% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,335
LOAN DETAILS
$1,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,250 |
| Loan Amount | $216,750 |
4.08
YEARS SAVED
$12,921
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,497
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
9140 Giardino Villa Street Las Vegas, NV 2
- 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,380
- $0.84
-
8928 Marmo Avenue Las Vegas, NV 1
- 3 beds 1 baths ∙ 1,547 Sqft ∙ Built 2006 3 beds 1 baths ∙ 1,547 Sqft ∙ Built 2006
LEASED 09/01/19- Rent
- Rent Per SQFT
- $1,375
- $0.89
-
8923 Marmo Avenue #0 Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,547 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,547 Sqft ∙ Built 2006
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,395
- $0.90
-
8815 Brindisi Park Avenue Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,478 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,478 Sqft ∙ Built 2008
LEASED 12/03/19- Rent
- Rent Per SQFT
- $1,400
- $0.95
-
8786 Brindisi Park Avenue Las Vegas, NV 5
- 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,650 Sqft ∙ Built 2010
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,475
- $0.89
PROPERTY LISTING DETAILS
1.702.600.8598
Go Global Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224499
Last Updated: 08/25/2020
