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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $253.50
- 3 Days on Market
- MLS # : 2256617
- Updated Date : 12/18/2020 at 19:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,288 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group Inc
Listing Agent's Description
Popular single story Pulte home. Over $136,000 in documented builder upgrades! Featuring a gourmet kitchen w/upgraded Whirlpool stainless steel appliances, upgraded cabinets, solid granite counters, pre wired entertainment system, walk in pantry, 2 tone paint and it goes on and on from there. Energy efficient with extra insulation as well as zone heating/cooling. Exterior designed for low maintenance landscaping giving plenty of time to enjoy backyard amenities, including outdoor living space with built in BBQ, fridge and TV. Upgraded garage with epoxy floors including hidden overhead storage. Garage is 2 deep on one side and typical depth on the other. Hallway bathroom was plumbed by builder for double sink if desired. Words and pics really don't do justice to this property. The home literally has more upgrades than the model did.
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: Paradise Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,490 |
| EXPENSES | Loan Payment | -$2,140 |
| Property Tax | -$375 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$215
|
||
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.
$580,000
PROJECTED PRICE
$2,490
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.2% |
| 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
$159,450
LOAN DETAILS
$2,140
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $145,000 |
| Loan Amount | $435,000 |
4.17
YEARS SAVED
$26,846
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,490
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,825
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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1176 Scenic Edge Street Henderson, NV 5
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- $1,795
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1221 Grove Park Street Henderson, NV 3
- 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 2007
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.80
-
1022 Swingline Street #n/a Henderson, NV 4
- 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 2005
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,850
- $0.76
PROPERTY LISTING DETAILS
1.702.525.8949
Realty One Group Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256617
Last Updated: 12/18/2020
