Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1272 Olivia Parkway Henderson, NV 89011

5 Beds 5 Baths 3,811 sqft Built 2006

$565,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $148.26
  • 4 Days on Market
  • MLS # : 2243359
  • Updated Date : 11/05/2020 at 16:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,811 sqft
  • Baths : 4 full , 1 half
Listing Agent

Marshall Stearns Real Estate

Listing Agent's Description

This home is absolutely beautiful and will go fast!! Enjoy coming home everyday to this inviting entry with a gorgeous wrought iron stairwell with suspended staircase. Wonderful large kitchen with gorgeous tile flooring so cleaning will be a breeze, granite counter tops, plenty of cabinet space, island/ breakfast bar plus a large pantry!! You will just love how the kitchen opens up to large living space with beautiful fireplace. DOUBLE MASTER BEDROOMS

SEE MORE

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
 

$508,500$621,500$565,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$2,085
Property Tax -$474
Property Insurance -$101
Property Management Fees -$119
CASH FLOW
-$258

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.

$565,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.45%

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-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,085

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$20,822

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,468

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,4953$2,4954$2,5205$2,600
$2,600
RENT COMPS ANALYSIS
  • 1272 Olivia Parkway Henderson, NV 4
    • 5 beds 5 baths ∙ 3,811 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,811 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $0.66
    •  
  • 1057 Via Della Costrella Henderson, NV 1
    • 5 beds 4 baths ∙ 3,808 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,808 Sqft ∙ Built 2016
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.64
    •  
  • 1228 Olivia Henderson, NV 2
    • 5 beds 5 baths ∙ 3,811 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,811 Sqft ∙ Built 2006
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.65
    •  
  • 560 Via Colmo Avenue #0 Henderson, NV 3
    • 4 beds 4 baths ∙ 3,922 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,922 Sqft ∙ Built 2006
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.64
    •  
  • 1268 Olivia Parkway Henderson, NV 5
    • 4 beds 4 baths ∙ 3,922 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,922 Sqft ∙ Built 2006
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.66
    •  
PROPERTY LISTING DETAILS
Bradley Koch
1.702.498.5071
Marshall Stearns Real Estate
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2243359
Last Updated: 11/05/2020
BESbswy