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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $161.60
- 2 Days on Market
- MLS # : 2265572
- Updated Date : 01/31/2021 at 03:46
CONSTRUCTION
- Beds : 4
- Floor Size : 2,469 sqft
- Baths : 2 full , 1 half
Listing Agent
Win Win Real Estate
Listing Agent's Description
This two story Beazer home features 4 bedrooms, 2.5 Baths, 3 Car Garage, new Carpet throughout, New Appliances, New Granite Counter Tops, New Interior Paint, New Epoxy Garage and Patio. There is a fireplace in the back family room, separate dining room, front living room and a covered patio in back. This will not last long in this market so put it on your list first!
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: Foothills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Foothills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,386 |
| Property Tax | -$263 | |
| Property Insurance | -$75 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$108
|
||
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.
$399,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 10.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| 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
$111,485
LOAN DETAILS
$1,386
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
7.33
YEARS SAVED
$35,726
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$2,092
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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103 Yerba Santa Street Henderson, NV 4
- 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2003
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- Rent
- Rent Per SQFT
- $1,950
- $0.79
-
369 Gracious Way Henderson, NV 1
- 4 beds 4 baths ∙ 2,344 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,344 Sqft ∙ Built 2016
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LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,845
- $0.79
-
167 Skytop Drive #na Henderson, NV 2
- 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 1995
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LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,950
- $0.89
-
816 Safflower Court Henderson, NV 3
- 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2003
![property image]()
LEASED 01/05/21- Rent
- Rent Per SQFT
- $1,950
- $0.79
-
138 Skytop Drive Henderson, NV 5
- 4 beds 1 baths ∙ 2,184 Sqft ∙ Built 1995 4 beds 1 baths ∙ 2,184 Sqft ∙ Built 1995
![property image]()
LEASED 08/06/19- Rent
- Rent Per SQFT
- $2,000
- $0.92
PROPERTY LISTING DETAILS
1.702.521.5188
Win Win Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2265572
Last Updated: 01/31/2021
