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10245 Headrick Drive 
Las Vegas, NV
89166
3 Beds 3 Baths 1,816 sqft
Built 2008
INVESTimate
$319,000
List Price
$90,285
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PROPERTY INFO
FACTS
- Built In 2008
- Price/Sqft : $175.66
- 3 Days on Market
- MLS # : 2224458
- Updated Date : 08/24/2020 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,816 sqft
- Baths : 2 full , 1 half
Listing Agent
Century 21 Gavish Real Estate
Listing Agent's Description
WOW! – SUPER CLEAN GREAT NORTHWEST HOME LOCATED IN GATED COMMUNITY AND CLOSE TO MANY AMENITIES. FEATURING THREE BEDROOMS, TWO FULL BATHROOMS, LARGE BONUS LOFT, CUSTOM PAINTING AND WALL COVERINGS, UPGRADED WASHER AND DRYER, BALCONY, AND AMAZING KITCHEN WITH STAINLESS STEEL APPLIANCES AND GRANITE COUNTERTOPS. COMMUNITY PLAYGROUND IS JUST A SHORT WALK AWAY. YOU DON’T WANT TO MISS THE OPPORTUNITY TO CALL THIS HOME. PRIVATE BACKYARD WITH PAVED PATIO AREA GREAT FOR ENTERTAINING. MUCH MUCH MORE!!!
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: Madison Colony at Providence
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Madison Colony at Providence
* 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 | $1,600 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$247 | |
| Property Insurance | -$62 | |
| HOA | -$40 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$45
|
||
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.
$319,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.18% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,285
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,750 |
| Loan Amount | $239,250 |
5.25
YEARS SAVED
$20,407
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,703
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
10245 Headrick Drive Las Vegas, NV 1
- 3 beds 3 baths ∙ 1,816 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,816 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,600
- $0.88
-
10273 Headrick Drive Las Vegas, NV 2
- 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2013
LEASED 12/06/19- Rent
- Rent Per SQFT
- $1,695
- $0.89
-
10226 Headrick Drive Las Vegas, NV 3
- 3 beds 3 baths ∙ 1,817 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,817 Sqft ∙ Built 2008
LEASED 07/23/20- Rent
- Rent Per SQFT
- $1,750
- $0.96
-
10225 Headrick Drive Las Vegas, NV 4
- 3 beds 3 baths ∙ 1,817 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,817 Sqft ∙ Built 2008
LEASED 08/15/20- Rent
- Rent Per SQFT
- $1,750
- $0.96
-
10235 Danskin Las Vegas, NV 5
- 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 2013
LEASED 05/07/20- Rent
- Rent Per SQFT
- $1,800
- $0.94
PROPERTY LISTING DETAILS
1.702.336.6248
Century 21 Gavish Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224458
Last Updated: 08/24/2020
