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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $235.80
- 5 Days on Market
- MLS # : 2249139
- Updated Date : 11/21/2020 at 08:34
CONSTRUCTION
- Beds : 3
- Floor Size : 2,500 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Southern Nevada
Listing Agent's Description
Perfect in every way! 3 bedroom & Den Rancher with triple garage, custom heated pool/spa with water slide, RV parking, Vaulted ceilings & accent lighting throughout this stunning home sells itself!! Quiet neighborhood 12 mins to Sunset Station, 5 mins to Lake Las Vegas and Henderson shopping. The kitchen features vaulted ceiling, granite counters, maple cabinets, large eating nook, breakfast bar and built in range and microwave. There is a gas fireplace in the adjoining family room and glass sliding door out to the private pool and spa area. The heated pool features a custom slide and is ready for summer fun! The living room is vaulted and wired for sound and features accent lighting throughout. Spacious master bedroom has dressing area, vaulted ceilings and fireplace. Ensuite with large travertine tiled shower and separate jetted tub with heat lamp, granite countertops, dual sinks and a walk in closet. Both bedrooms have large walk in closets and a share the central bath.
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 | $2,050 |
| EXPENSES | Loan Payment | -$2,175 |
| Property Tax | -$313 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$632
|
||
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.
$589,500
PROJECTED PRICE
$2,050
PROJECTED RENT
0.35%
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
$161,968
LOAN DETAILS
$2,175
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $147,375 |
| Loan Amount | $442,125 |
1.25
YEARS SAVED
$3,819
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,050
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$2,044
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
1165 Calico Ridge Drive Henderson, NV 4
- 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,500 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $2,050
- $0.82
-
924 Rhyolite Terrace Henderson, NV 1
- 3 beds 2 baths ∙ 2,566 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,566 Sqft ∙ Built 1992
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LEASED 07/03/20- Rent
- Rent Per SQFT
- $1,850
- $0.72
-
942 Verdite Avenue Henderson, NV 2
- 3 beds 3 baths ∙ 2,385 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,385 Sqft ∙ Built 1994
![property image]()
LEASED 09/16/20- Rent
- Rent Per SQFT
- $1,895
- $0.79
-
940 Via Vannucci Henderson, NV 3
- 3 beds 3 baths ∙ 2,384 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,384 Sqft ∙ Built 2010
![property image]()
LEASED 06/15/20- Rent
- Rent Per SQFT
- $2,050
- $0.86
-
1016 Olivia Henderson, NV 5
- 3 beds 2 baths ∙ 2,674 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,674 Sqft ∙ Built 2008
![property image]()
LEASED 06/30/20- Rent
- Rent Per SQFT
- $2,400
- $0.90
PROPERTY LISTING DETAILS
1.702.218.0162
Keller Williams Southern Nevada
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2249139
Last Updated: 11/21/2020
