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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $213.99
- 3 Days on Market
- MLS # : 2271667
- Updated Date : 02/21/2021 at 00:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,673 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group, Inc
Listing Agent's Description
Immaculate 2 story nestled in an intimate, upscale gated community w/ stunning mountain views! Minutes from 215 & 95, to shopping, The District & airport. Stone facade, long driveway & balcony say you've arrived! Polished travertine flooring thruout entire downstairs. 2nd primary suite down w/shower. Upstairs luxurious primary with balcony and oversized walk in. Unique, functional floorplan suits any lifestyle, work from home, homeschool & multigen. Granite island centerpiece seats 5+. GE Monogram fridge, stainless, built-in double oven, 5 burner gas cooktop, a chef's dream kitchen! Soaring ceiling and fireplace in cozy living room overlooks the lush backyard which features real grass, sparkling pool/spa/waterfall combo, built in BBQ and outdoor fridge. Both garages- 2 car and separate single are cooled with mini split and both w/ epoxy floors. Whole house water filtration system, central vac. High baseboards & crown moldings thruout. Security screens, cov'd patio. Welcome 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: MacDonald Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: MacDonald Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,060 |
| EXPENSES | Loan Payment | -$2,730 |
| Property Tax | -$523 | |
| Property Insurance | -$98 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$411
|
||
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.
$786,000
PROJECTED PRICE
$3,060
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 6.4% |
| 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
$214,040
LOAN DETAILS
$2,730
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $196,500 |
| Loan Amount | $589,500 |
3.17
YEARS SAVED
$19,925
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,060
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$3,049
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
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- $2,800
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1185 Horizon Range Avenue Henderson, NV 3
- 5 beds 4 baths ∙ 3,539 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,539 Sqft ∙ Built 2013
LEASED 07/14/20- Rent
- Rent Per SQFT
- $3,000
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175 Rising Mesa Court Henderson, NV 4
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LEASED 09/23/20- Rent
- Rent Per SQFT
- $3,000
- $0.89
PROPERTY LISTING DETAILS
1.702.497.0671
Realty One Group, Inc
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2271667
Last Updated: 02/21/2021
