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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $204.82
- 4 Days on Market
- MLS # : 2269554
- Updated Date : 02/11/2021 at 23:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,197 sqft
- Baths : 2 full , 1 half
Listing Agent
Signature Real Estate Group
Listing Agent's Description
Beautiful, 2509 sq ft, 4 bedroom, 2 1/2 bath, 2 car garage w/covered RV parking w/no HOA (has landscape hoa to cover walkway across the street), 2-story home in Henderson w/unobstructed views of strip & mountains from Balcony off master. Alarm system and security system w/hard wired cameras. Kitchen has extended island w/corian counters, raised oak cabinets, Black appliances, walk in pantry, dining nook & tile floors. Formal living & dining w/wood floors and sep Family room w/surround sound & speakers, ceiling fan & tile floors. Primary bedroom w/ceiling fan, balcony w/full on strip view, walk in closet, dual sinks, sep tub & shower. Bedrooms 2 & 3 have strip views and ceiling fans. Bedroom 4 w/ceiling fan. Additional game room/sunroom added. Covered RV parking w/hookups & cleanout. Backyard has covered patio w/built in BBQ w/sink, fridge and tile counters. Spiral staircase to balcony, tuff shed, desert landscaping, synethic grass & concrete slab w/power for spa. Wear mask
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: 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 | $1,930 |
| EXPENSES | Loan Payment | -$1,563 |
| Property Tax | -$258 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$79
|
||
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.
$449,999
PROJECTED PRICE
$1,930
PROJECTED RENT
0.43%
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
$125,000
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,500 |
| Loan Amount | $337,499 |
5.08
YEARS SAVED
$23,359
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,911
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
1312 Hopewell Avenue Henderson, NV 3
- 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,930
- $0.88
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61 Morning Mimosa Court Henderson, NV 1
- 3 beds 4 baths ∙ 2,120 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,120 Sqft ∙ Built 2015
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,750
- $0.83
-
241 Buena Adventura Henderson, NV 2
- 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,197 Sqft ∙ Built 2001
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,795
- $0.82
-
1173 Twinkling Meadows Drive Henderson, NV 4
- 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,075 Sqft ∙ Built 2005
LEASED 12/29/20- Rent
- Rent Per SQFT
- $1,950
- $0.94
-
1340 Spice Ridge Court #n/a Henderson, NV 5
- 3 beds 3 baths ∙ 2,252 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,252 Sqft ∙ Built 2007
LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,995
- $0.89
PROPERTY LISTING DETAILS
1.702.496.2830
Signature Real Estate Group
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2269554
Last Updated: 02/11/2021
