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1380 Ruby Sky Court Henderson, NV 89052

4 Beds 3 Baths 3,336 sqft Built 2002

$2,000,000

List Price

$4,170

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

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
 

$1,800,000$2,200,000$2,000,000

PURCHASE PRICE

$3,753$4,587$4,170

RENT

DOWN PAYMENT
FINANCING

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

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$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

PROJECTED ANNUAL CASH FLOW

11530-$60k-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M$6.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$535,750

INVESTMENT

$535,750

Down Payment
$500,000
Rehab Estimate
$5,750
Closing Costs
$30,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$6,947

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $500,000
Loan Amount $1,500,000
See What Happens When You Reinvest Cash Flow

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
$2,750
1$2,7502$3,2003$3,4004$3,5005$4,170
$4,170
RENT COMPS ANALYSIS
  • 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
Kenneth H Lowman
1.702.216.4663
Luxury Homes Of Las Vegas
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2258177
Last Updated: 01/05/2021
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