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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $337.15
- 3 Days on Market
- MLS # : 2270440
- Updated Date : 02/20/2021 at 15:45
CONSTRUCTION
- Beds : 2
- Floor Size : 2,358 sqft
- Baths : 1 full
Listing Agent
Century 21 Gavish Real Estate
Listing Agent's Description
Sought After Calico Ridge Beauty On A Fabulous View Lot. Open the frt door and WOW! Oversized great room & window wall offers an amazing In Your Face Strip View! The rear patio shades the day & STRIP VIEW lights the night. Beautiful kitchen-cozy breakfast nook invites you in for morning coffee. Entertaining?... the dining room is there for a more "formal" get together. No fighting over the primary bedroom-this home has 2 of them. If you are working from home you will appreciate the den/office with custom built-in desk. If the huge laundry room & walk-in pantry don't impress, check out the garage(s). Another WOW! HUGE 3-car garage loaded with cabinets/workbench(s) plus a 38' RV garage. Inside the garage is a "cooled" 8x15 workout room...say goodbye to the gym membership. Beautifully landscaped front/rear yards. 2 LARGE patios offer "rare" outdoor living*please verify the 2x6 framing*don't let the grass fool you...it's synthetic grass. Don't dilly-dally! Call you Realtor and call it home
SEE MORE
- 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)
- 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)
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 | $2,110 |
| EXPENSES | Loan Payment | -$2,761 |
| Property Tax | -$312 | |
| Property Insurance | -$73 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$1,155
|
||
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.
$795,000
PROJECTED PRICE
$2,110
PROJECTED RENT
0.27%
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
$216,425
LOAN DETAILS
$2,761
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $198,750 |
| Loan Amount | $596,250 |
0.25
YEARS SAVED
$146
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,110
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,981
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
1108 Boletus Drive Henderson, NV 2
- 2 beds 1 baths ∙ 2,358 Sqft ∙ Built 1993 2 beds 1 baths ∙ 2,358 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $2,110
- $0.89
-
472 Via Stretto Avenue #0 Henderson, NV 1
- 2 beds 3 baths ∙ 2,039 Sqft ∙ Built 2006 2 beds 3 baths ∙ 2,039 Sqft ∙ Built 2006
LEASED 12/18/19- Rent
- Rent Per SQFT
- $1,720
- $0.84
PROPERTY LISTING DETAILS
1.702.460.1942
Century 21 Gavish Real Estate
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2270440
Last Updated: 02/20/2021
