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1292 Olivia Parkway Henderson, NV 89011

4 Beds 4 Baths 3,922 sqft Built 2006

INVESTimate

$559,900

List Price

$2,480

$2,232 - $2,728

Rent Est.

$608,667  ( +8.71%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $142.76
  • 13 Days on Market
  • MLS # : 2222152
  • Updated Date : 08/19/2020 at 14:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,922 sqft
  • Baths : 3 full , 1 half
Listing Agent

Signature Real Estate Group

Listing Agent's Description

Stunning three story 4 bed - 4 bath 3922 square foot home in the guard gated Tuscany community. Front and back private courtyards. 3 car epoxy floored garage. This home has been beautifully and meticulously maintained. New beautiful  Marrazi Wood tile throughout first floor, hardwood throughout 2nd floor. Large kitchen with granite counter tops, giant island with breakfast bar, perfect for entertaining.  Plus bonus room/office off the kitchen. Spacious living area with a dining room that opens up to the great room. First floor master bedroom with full bath. Oversize 2nd floor master bedroom with balcony, giant walk in closet and private third story loft/office that has views of the strip.   Large master bath with oversized jet tub. Second story has a giant loft and laundry room. Private backyard retreat with a large outdoor kitchen, mature tropical landscaping, and covered patio.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$503,910$615,890$559,900

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$2,066
Property Tax -$473
Property Insurance -$103
Property Management Fees -$119
CASH FLOW
-$281

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.

$559,900

PROJECTED PRICE

$2,480

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 8.71%
Maintenance Year (1-5) 8.00%
Vacancy 7.57%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,124

INVESTMENT

$154,124

Down Payment
$139,975
Rehab Estimate
$5,750
Closing Costs
$8,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,975
Loan Amount $419,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$18,796

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $2,530

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,4803$2,4954$2,4955$2,600
$2,600
RENT COMPS ANALYSIS
  • 1292 Olivia Parkway Henderson, NV 2
    • 4 beds 4 baths ∙ 3,922 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,922 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.63
    •  
  • 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
    •  
  • 496 Via Palermo Drive Henderson, NV 3
    • 4 beds 4 baths ∙ 3,990 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,990 Sqft ∙ Built 2006
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.63
    •  
  • 1228 Olivia Henderson, NV 4
    • 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
    •  
  • 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
Rexalynn Walberg
1.702.845.0815
Signature Real Estate Group
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2222152
Last Updated: 08/19/2020
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