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1 Avenida Casatino Henderson, NV 89011

3 Beds 3 Baths 2,990 sqft Built 2004

$900,000

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $301.00
  • 4 Days on Market
  • MLS # : 2264788
  • Updated Date : 01/29/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,990 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group, Inc

Listing Agent's Description

Lake Las Vegas Stunner! This beautiful 1 story gated comm. home has it all. Grand entry, gated courtyard with fountain, pavers drive, Casita with full bath, 3 bed, 3 bath, oversized 3-car, tile floors w inlays, floor to ceiling windows, shutters, wet bar, lighted crown, fans, quartz, solid wood doors, fireplace, Chefs kitchen w Viking app. & subzero fridge, 3 sinks, 2 dishwashers, 4 ovens, 2 microwaves, 2 walk in pantries, formal dining, vaulted ceilings, large master with door to outdoor spa, separate tub, spa shower, closet organizers, tons of storage, laundry w sink, outdoor kitchen/BBQ, electric solar shades, covered patio & separate pool and spa with water features. All of this and much more nestled on the double fairway of Reflection Bay golf course with gorgeous views! Walking distance to Montelago village.

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MARKET HIGHLIGHTS

  • As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Lake Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k449k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Lake Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10803087

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Josh Stevens Elementary School Primary Unknown NA
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

Josh Stevens Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$810,000$990,000$900,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$3,126
Property Tax -$616
Property Insurance -$85
Property Management Fees -$119
CASH FLOW
-$1,116

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.

$900,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$244,250

INVESTMENT

$244,250

Down Payment
$225,000
Rehab Estimate
$5,750
Closing Costs
$13,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,126

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $225,000
Loan Amount $675,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$809

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,830

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,880

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,830
1$2,8302$2,9003$2,9704$3,200
$3,200
RENT COMPS ANALYSIS
  • 1 Avenida Casatino Henderson, NV 1
    • 3 beds 3 baths ∙ 2,990 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,990 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $0.95
    •  
  • 64 Strada Principale #403 Henderson, NV 2
    • 4 beds 4 baths ∙ 3,204 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,204 Sqft ∙ Built 2008
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.91
    •  
  • 23 Villa Marsala Court Henderson, NV 3
    • 4 beds 4 baths ∙ 3,065 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,065 Sqft ∙ Built 2006
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $0.97
    •  
  • 20 Via Mantova #401 Henderson, NV 4
    • 3 beds 3 baths ∙ 3,172 Sqft ∙ Built 2006 3 beds 3 baths ∙ 3,172 Sqft ∙ Built 2006
    property image
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.01
    •  
PROPERTY LISTING DETAILS
Jonathan C Long
1.702.370.3440
Realty One Group, Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2264788
Last Updated: 01/29/2021
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