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

1376 Ruby Sky Court Henderson, NV 89052

4 Beds 4 Baths 3,470 sqft Built 2002

$1,375,000

List Price

$3,800

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $396.25
  • 3 Days on Market
  • MLS # : 2279348
  • Updated Date : 03/21/2021 at 06:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,470 sqft
  • Baths : 3 full , 1 half
Listing Agent

Simply Vegas

Listing Agent's Description

Pass the guard gates and ascend up the winding drive to this luxurious home perched upon a .32 acre lot boasting unobstructed views of the mountains and city lights below. After relaxing in your infinity edge pool, have a seat at the swim up bar and enjoy food prepared in the adjacent sunken bbq area while your guests gather around the fire pit table. Adjourn to the comfort of your immaculate single story home. The exquisite views continue from inside your master suite while you pamper yourself in the spa like bath replete w/ free standing jacuzzi tub and oversized walk in shower. Your guests will admire your skills in the chef’s kitchen while they relax in the spacious and open living area. After a night of entertaining, open the french doors and be lulled to sleep with the tranquil sounds of the courtyard fountain. Before you start your busy day, make your way down the hill for a game of tennis or spend the morning at the world class Rio Secco golf course just a stones throw away.

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: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k479k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Seven Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10802338

* 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
Elise L. Wolff Elementary School Primary Regular 935 46 10
Del E Webb Middle School Middle Regular 1,863 74 NA
Coronado High School High Regular 3,240 124 10

Elise L. Wolff Elementary School

  • Education Level: Primary
  • # of students: 935
  • # of teachers: 46
10
GreatSchools Rating

Del E Webb Middle School

  • Education Level: Middle
  • # of students: 1,863
  • # of teachers: 74
NA
GreatSchools Rating

Coronado High School

  • Education Level: High
  • # of students: 3,240
  • # of teachers: 124
10
GreatSchools Rating
 

$1,237,500$1,512,500$1,375,000

PURCHASE PRICE

$3,420$4,180$3,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,800
EXPENSES Loan Payment -$4,776
Property Tax -$817
Property Insurance -$94
Property Management Fees -$119
CASH FLOW
-$2,006

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.

$1,375,000

PROJECTED PRICE

$3,800

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 6.8%
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$2.5M$3.0M$3.5M$4.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M$3.5M$4.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$370,125

INVESTMENT

$370,125

Down Payment
$343,750
Rehab Estimate
$5,750
Closing Costs
$20,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$4,776

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $343,750
Loan Amount $1,031,250
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$185

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,800

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $3,357

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2003$3,5004$3,5005$3,800
$3,800
RENT COMPS ANALYSIS
  • 1376 Ruby Sky Court Henderson, NV 5
    • 4 beds 4 baths ∙ 3,470 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,470 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.10
    •  
  • 2931 Carmelo Drive Henderson, NV 1
    • 4 beds 3 baths ∙ 3,335 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,335 Sqft ∙ Built 2000
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.96
    •  
  • 1267 Moon Vision Street Henderson, NV 2
    • 4 beds 2 baths ∙ 3,443 Sqft ∙ Built 1998 4 beds 2 baths ∙ 3,443 Sqft ∙ Built 1998
    property image
    LEASED 03/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.93
    •  
  • 1452 Via Merano Street Henderson, NV 3
    • 4 beds 3 baths ∙ 3,474 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,474 Sqft ∙ Built 2002
    property image
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.01
    •  
  • 2776 Laguna Seca Avenue Henderson, NV 4
    • 4 beds 3 baths ∙ 3,609 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,609 Sqft ∙ Built 2004
    property image
    LEASED 02/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.97
    •  
PROPERTY LISTING DETAILS
Daniel J Falcone
1.702.338.3227
Simply Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2279348
Last Updated: 03/21/2021
BESbswy