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1058a Via Saint Andrea Place Henderson, NV 89011

4 Beds 4 Baths 3,643 sqft Built 2008

$525,000

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $144.11
  • 2 Days on Market
  • MLS # : 2246584
  • Updated Date : 11/07/2020 at 18:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,643 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Market Place

Listing Agent's Description

Breath taking home in Tuscany that will just melt your heart away with its lovely 4 bedrooms, 3 full baths, and half bath. This heart stopper has 3,643 sqft for you and your family to live a luxury lifestyle. Enjoy the extended master bedroom and huge master closet. This gorgeous home has breathtaking mountain views from the master balcony and jacuzzi bathtub. This masterpiece also has a full bath and huge first floor bedroom. And let's not forget the vaulted ceilings. A great added bonus of this home is a paid in full, no cost to buyer, solar system($33,000 savings) with electric bills averaging around $35-50 per month with a 19 year solar warranty and smart access to smart phone in the prestigious Tuscany community. The Tuscany community is guard gate with 24 hour security. This one of a kind community also has a world class clubhouse and 18 hole golf course with pro shop and dining with pool and spa, gym, racquetball, basketball courts, and parks.

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MARKET HIGHLIGHTS

  • 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

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
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$1,937
Property Tax -$488
Property Insurance -$98
Property Management Fees -$119
CASH FLOW
$138

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.

$525,000

PROJECTED PRICE

$2,780

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$55,132

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,780

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,854

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7803$2,8004$3,000
$3,000
RENT COMPS ANALYSIS
  • 1058a Via Saint Andrea Place Henderson, NV 2
    • 4 beds 4 baths ∙ 3,643 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,643 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $0.76
    •  
  • 1239 Casa Palermo Circle Henderson, NV 1
    • 5 beds 5 baths ∙ 3,397 Sqft ∙ Built 2005 5 beds 5 baths ∙ 3,397 Sqft ∙ Built 2005
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.79
    •  
  • 1043 Via Di Olivia Henderson, NV 3
    • 5 beds 3 baths ∙ 3,643 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,643 Sqft ∙ Built 2005
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.77
    •  
  • 1040 Via Saint Lucia Place Henderson, NV 4
    • 5 beds 5 baths ∙ 3,811 Sqft ∙ Built 2007 5 beds 5 baths ∙ 3,811 Sqft ∙ Built 2007
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.79
    •  
PROPERTY LISTING DETAILS
Randy Myers
1.702.461.5784
Keller Williams Market Place
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2246584
Last Updated: 11/07/2020
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