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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $259.76
- 5 Days on Market
- MLS # : 2248713
- Updated Date : 11/19/2020 at 11:09
CONSTRUCTION
- Beds : 2
- Floor Size : 1,434 sqft
- Baths : 2 full
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Spectacular home situated on a premium elevated homesite in the desirable guard gated community of Tuscany. Gorgeous curb appeal features covered front porch, paver stones, and attractive landscapes. Popular floorplan features an open concept. Family room is has a mounted flat panel television, ceiling fan, and bright windows framing views to the backyard and mountains beyond. Kitchen has been treated to an island, dining bar, granite, and high-end Viking stainless-steel appliances. Main suite features a mounted tv, ceiling fan, and a walk-in closet. Friendly floor plan boasts an additional bedroom and flex room ideal as a den, office, gym, etc. Stylish finishes consist of hardwood floors, stone pattern tile, decorator paint, shutters, and crown molding. Convenience features include tankless water heater and a Natursoft water treatment system. Outdoor living is set around a professionally designed landscape and a 40-foot covered paver stone patio with power sunshades.
SEE MORE
- 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: Calico Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Calico Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,374 |
| Property Tax | -$278 | |
| Property Insurance | -$55 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$77
|
||
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.
$372,500
PROJECTED PRICE
$1,750
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$104,463
LOAN DETAILS
$1,374
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,125 |
| Loan Amount | $279,375 |
5.08
YEARS SAVED
$22,472
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$1.22
LIST RENT PER SQFT
-
$1,649
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
1024 Via Saint Lucia Place Henderson, NV 2
- 2 beds 2 baths ∙ 1,434 Sqft ∙ Built 2011 2 beds 2 baths ∙ 1,434 Sqft ∙ Built 2011
- Rent
- Rent Per SQFT
- $1,750
- $1.22
-
1036 Via Calderia Place Henderson, NV 1
- 2 beds 2 baths ∙ 1,559 Sqft ∙ Built 2011 2 beds 2 baths ∙ 1,559 Sqft ∙ Built 2011
LEASED 06/07/19- Rent
- Rent Per SQFT
- $1,750
- $1.12
-
287 Via Della Fortuna Henderson, NV 3
- 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2017 2 beds 2 baths ∙ 1,674 Sqft ∙ Built 2017
LEASED 08/22/19- Rent
- Rent Per SQFT
- $1,975
- $1.18
PROPERTY LISTING DETAILS
1.702.436.3615
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2248713
Last Updated: 11/19/2020
