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1020 Via Gallia Street Henderson, NV 89011

4 Beds 4 Baths 2,027 sqft Built 2005

INVESTimate

$455,000

List Price

$2,040

$1,836 - $2,244

Rent Est.

$494,631  ( +8.71%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $224.47
  • 6 Days on Market
  • MLS # : 2223800
  • Updated Date : 08/22/2020 at 08:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,027 sqft
  • Baths : 4 full
Listing Agent

Executive Realty Services

Listing Agent's Description

A beautiful home in Guard Gated Golf Course Community Tuscany in Henderson. Featuring over 2000 sq/ft of single story living as well as an additional 514 sq/ft private Mother in Law apartment over the garage with private entrance, Kitchenette, living room, bedroom, full bathroom and a private covered balcony. The community has walking trails, a state of the art recreation center, pool and spa, 18 hole Golf course and much more...

SEE MORE

MARKET HIGHLIGHTS

  • 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: Calico Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k435k

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

Neighborhood: Calico Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10802043

* 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
 

$409,500$500,500$455,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,679
Property Tax -$357
Property Insurance -$66
HOA -$180
Property Management Fees -$119
CASH FLOW
-$361

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.

$455,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.71%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$126,325

INVESTMENT

$126,325

Down Payment
$113,750
Rehab Estimate
$5,750
Closing Costs
$6,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,679

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $113,750
Loan Amount $341,250
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$6,278

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,748

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,7953$1,8754$2,0005$2,040
$2,040
RENT COMPS ANALYSIS
  • 1020 Via Gallia Street Henderson, NV 5
    • 4 beds 4 baths ∙ 2,027 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,027 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $1.01
    •  
  • 1061 Crescent Falls Street Henderson, NV 1
    • 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2007
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.81
    •  
  • 509 Via Palermo Drive Henderson, NV 2
    • 3 beds 3 baths ∙ 2,185 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,185 Sqft ∙ Built 2013
    property image
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 249 Via Franciosa Drive #0 Henderson, NV 3
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2006
    property image
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.88
    •  
  • 254 Via Franciosa Drive Henderson, NV 4
    • 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2006
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
PROPERTY LISTING DETAILS
Michael C Catapano
1.702.326.0393
Executive Realty Services
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2223800
Last Updated: 08/22/2020
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