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1 Via Dolcetto Henderson, NV 89011

3 Beds 3 Baths 2,370 sqft Built 2017

$590,000

List Price

$2,860

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $248.95
  • 12 Days on Market
  • MLS # : 2270892
  • Updated Date : 02/28/2021 at 03:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,370 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group Inc

Listing Agent's Description

LOCATION! LOCATION! LOCATION! SPECTACULAR VIEW! Beautiful split level 2 story home in the gated community of Regatta Pointe in Lake Las Vegas. Lake Las Vegas named 2020’s Best Master Planned Community in Southern Nevada. Home sits on corner lot with expansive views of pond, golf area, and mountains. Home has over $150K of upgrades including pool with water feature, premium lot, putting green, 9 ft ceilings, 8 ft doors, electric car charging station, and much more. Enjoy magnificent views from your living room, dining room, kitchen, balcony, and rooftop deck. ***$10,000 VALUE MEMBERSHIP INITIATION FEE TO LAKE LAS VEGAS SPORTS CLUB INCLUDED***

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$531,000$649,000$590,000

PURCHASE PRICE

$2,574$3,146$2,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$2,049
Property Tax -$986
Property Insurance -$73
Property Management Fees -$119
CASH FLOW
-$368

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.

$590,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.48%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$162,100

INVESTMENT

$162,100

Down Payment
$147,500
Rehab Estimate
$5,750
Closing Costs
$8,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,049

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,500
Loan Amount $442,500
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$7,781

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,860

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,489

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5003$2,8604$3,000
$3,000
RENT COMPS ANALYSIS
  • 1 Via Dolcetto Henderson, NV 3
    • 3 beds 3 baths ∙ 2,370 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,370 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $1.21
    •  
  • 25 Caminito Amore Henderson, NV 1
    • 3 beds 2 baths ∙ 2,478 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,478 Sqft ∙ Built 2000
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.99
    •  
  • 4 Villa Ferrari Court #0 Henderson, NV 2
    • 3 beds 4 baths ∙ 2,383 Sqft ∙ Built 2006 3 beds 4 baths ∙ 2,383 Sqft ∙ Built 2006
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.05
    •  
  • 20 Via Levanzo Henderson, NV 4
    • 4 beds 4 baths ∙ 2,710 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,710 Sqft ∙ Built 2019
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.11
    •  
PROPERTY LISTING DETAILS
Teresa Weaver
1.702.349.0175
Realty One Group Inc
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2270892
Last Updated: 02/28/2021
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