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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $269.08
- 4 Days on Market
- MLS # : 2258626
- Updated Date : 01/01/2021 at 03:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,245 sqft
- Baths : 2 full
Listing Agent
Simply Vegas
Listing Agent's Description
Rare find! Lovely single story in the heart of Green Valley with 3 bedrooms and two full baths. Upgrades include the following- Italian porcelain wood-look tile throughout, custom fireplace mantle, faux brick accent wall, stainless steel appliances, french doors in kitchen and primary bedroom, upgraded primary shower with copper rainfall shower head, and a spacious backyard with new turf and pavers, custom raised gardening beds, and a Tuff shed. Close proximity to the airport and Las Vegas strip make this the perfect location!
SEE MORE
- 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)
- 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)
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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$137 | |
| Property Insurance | -$51 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$84
|
||
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.
$335,000
PROJECTED PRICE
$1,460
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 8.9% |
| 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
$94,525
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
5.08
YEARS SAVED
$20,304
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$1.17
LIST RENT PER SQFT
-
$1,273
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
145 Primero Way Henderson, NV 5
- 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $1,460
- $1.17
-
108 Huckleberry Lane Henderson, NV 1
- 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1985
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,350
- $0.96
-
2829 Misty Grove Drive Henderson, NV 2
- 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1992
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,395
- $1.05
-
2810 Briar Knoll Drive Henderson, NV 3
- 3 beds 3 baths ∙ 1,331 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,331 Sqft ∙ Built 1993
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,400
- $1.05
-
161 Fallon Drive #house Henderson, NV 4
- 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1989
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,400
- $1.03
PROPERTY LISTING DETAILS
1.702.513.3842
Simply Vegas
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2258626
Last Updated: 01/01/2021
