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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $599.52
- 7 Days on Market
- MLS # : 2258177
- Updated Date : 01/05/2021 at 23:01
CONSTRUCTION
- Beds : 4
- Floor Size : 3,336 sqft
- Baths : 2 full , 1 half
Listing Agent
Luxury Homes Of Las Vegas
Listing Agent's Description
Stunning luxury home that has been completely renovated in 2020 with all of the upgrades imaginable! This home has 3 bedrooms and 1 office with a closet that can be used as a 4th bedroom. All furnishings included. Everything in this home is new! The kitchen features top-of-the-line finishes and smart Thermador/Wolf appliances. New doors, windows, fireplaces, paint, flooring, electrical, plumbing, with brand new 3 car garage glass doors that add a modern touch to the exterior. This luxury home features a WIFI pool, garage, thermostats, and LED light controllers. New built-in BBQ in the backyard with an outdoor kitchen and a new firepit. Beautiful disappearing doors and sliders are all recent upgrades. Brand new 48 wine rack with LED changing lights. The pool and spa have been newly renovated with new tile and pebble tech. Enjoy city and mountain views from this home, as well as a full view of the Raiders practice facility. Immaculate sunset views! Tour this stunning luxury home today!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Seven Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seven Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,170 |
| EXPENSES | Loan Payment | -$6,947 |
| Property Tax | -$796 | |
| Property Insurance | -$92 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$3,784
|
||
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.
$2,000,000
PROJECTED PRICE
$4,170
PROJECTED RENT
0.21%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$535,750
LOAN DETAILS
$6,947
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $500,000 |
| Loan Amount | $1,500,000 |
0.08
YEARS SAVED
$94
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,170
LIST RENT -
$1.25
LIST RENT PER SQFT
-
$3,219
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
1380 Ruby Sky Court Henderson, NV 5
- 3 beds 3 baths ∙ 3,336 Sqft ∙ Built 2002 3 beds 3 baths ∙ 3,336 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $4,170
- $1.25
-
1425 Via Savona Drive Henderson, NV 1
- 4 beds 3 baths ∙ 3,067 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,067 Sqft ∙ Built 2002
LEASED 08/28/19- Rent
- Rent Per SQFT
- $2,750
- $0.90
-
2931 Carmelo Drive Henderson, NV 2
- 4 beds 3 baths ∙ 3,335 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,335 Sqft ∙ Built 2000
LEASED 03/24/20- Rent
- Rent Per SQFT
- $3,200
- $0.96
-
3045 Sunrise Heights Drive Henderson, NV 3
- 4 beds 2 baths ∙ 3,443 Sqft ∙ Built 1997 4 beds 2 baths ∙ 3,443 Sqft ∙ Built 1997
LEASED 12/12/19- Rent
- Rent Per SQFT
- $3,400
- $0.99
-
1452 Via Merano Street Henderson, NV 4
- 4 beds 3 baths ∙ 3,474 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,474 Sqft ∙ Built 2002
LEASED 05/05/20- Rent
- Rent Per SQFT
- $3,500
- $1.01
PROPERTY LISTING DETAILS
1.702.216.4663
Luxury Homes Of Las Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2258177
Last Updated: 01/05/2021
