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130 Villaggio Street 
Henderson, NV
89074
3 Beds 3 Baths 1,962 sqft
Built 1992
INVESTimate
$399,000
List Price
$111,485
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PROPERTY INFO
FACTS
- Built In 1992
- Price/Sqft : $203.36
- 2 Days on Market
- MLS # : 2224471
- Updated Date : 08/25/2020 at 16:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,962 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Premier
Listing Agent's Description
GORGEOUS GREEN VALLEY HOME WITH A SPARKLING POOL AT AN AMAZING PRICE! OPEN AND BRIGHT KITCHEN, 3 BEDROOMS WITH LOFT(CAN BE CONVERTED TO 4TH BED) VAULTED CEILINGS, OVER SIZED 2 CAR GARAGE, BALCONY OFF THE MASTER. NEWER POOL FENCE, NEW POOL PUMP, WATER HEATER AND STAND, GARAGE DOOR OPENER, DOWNSTAIRS SLIDER SCREEN DOOR, SMOKE DETECTORS, KITCHEN AND MASTER FAUCETS, FRESH INTERIOR PAINT THROUGHOUT AND MORE! CONVENIENTLY LOCATED TO EVERYTHING... SCHOOLS, PARKS, RESTAURANTS, SHOPPING, THE DISTRICT, GREEN VALLEY RANCH HOTEL AND CASINO, FREEWAY ACCESS, AIRPORT, THE NEW HOME TO HENDERSON SILVER KNIGHTS ARENA, LIBRARY, WALKING TRAILS AND SO MUCH MORE!!!
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: Green Valley South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green Valley South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,472 |
| Property Tax | -$210 | |
| Property Insurance | -$65 | |
| HOA | -$93 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$229
|
||
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.
$399,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.88% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.57% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,485
LOAN DETAILS
$1,472
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,750 |
| Loan Amount | $299,250 |
3.17
YEARS SAVED
$12,027
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,746
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
130 Villaggio Street Henderson, NV 4
- 3 beds 3 baths ∙ 1,962 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,962 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $1,730
- $0.88
-
1549 Blue Sierra Court #0 Henderson, NV 1
- 3 beds 3 baths ∙ 1,832 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,832 Sqft ∙ Built 2007
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,595
- $0.87
-
1553 Red Canal Court Henderson, NV 2
- 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2007
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,599
- $0.90
-
1613 White Mesa Court Henderson, NV 3
- 3 beds 3 baths ∙ 1,947 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,947 Sqft ∙ Built 1995
LEASED 07/26/20- Rent
- Rent Per SQFT
- $1,600
- $0.82
-
1704 Talon Avenue Henderson, NV 5
- 4 beds 3 baths ∙ 1,962 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,962 Sqft ∙ Built 1991
LEASED 07/29/20- Rent
- Rent Per SQFT
- $1,895
- $0.97
PROPERTY LISTING DETAILS
1.702.373.2860
Coldwell Banker Premier
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224471
Last Updated: 08/25/2020
