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15 Via Mantova #201 Henderson, NV 89011

2 Beds 2 Baths 1,503 sqft Built 2004

$415,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $276.11
  • 6 Days on Market
  • MLS # : 2263003
  • Updated Date : 01/23/2021 at 23:56
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,503 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

GORGEOUS LUXURY CONDO WITH SPECTACULAR MOUNTAIN VIEWS! Boasting the largest balcony available, this incredible semi-furnished luxury condo is the ONE to see! Located in the exclusive South Shore Country Club, this guard-gated community offers all of the incredible amenities. Secured building access, exclusive country club access with resort like pools, fitness centers and private beaches. Entering the condo through a private courtyard, this open concept condo welcomes you with spectacular views from every window. Featuring * Stainless Steel Appliances * Granite Countertops throughout * Living room/fireplace *Wet bar w/ wine refrigerator * Master suite w/access to large covered balcony * This balcony offers a rare amount of privacy and sweeping view of our gorgeous mountains! * Luxury flooring throughout * One underground parking space * A Priceless golf club membership is also included with the sale! Inquire about furnishings that stay, this property is semi-staged.

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: Lake Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k449k

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

Neighborhood: Lake Las Vegas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10803087

* 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
Josh Stevens Elementary School Primary Unknown NA
B. Mahlon Brown Junior High School Middle Regular 978 46 NA
Basic High School High Regular 2,367 100 3

Josh Stevens Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

B. Mahlon Brown Junior High School

  • Education Level: Middle
  • # of students: 978
  • # of teachers: 46
NA
GreatSchools Rating

Basic High School

  • Education Level: High
  • # of students: 2,367
  • # of teachers: 100
3
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,441
Property Tax -$422
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
$402

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.

$415,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.05%
Appreciation Year (1-5) 7.7%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

10.67

YEARS SAVED

$66,139

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $1.62

    LIST RENT PER SQFT
  • $1,811

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,0003$2,440
$2,440
RENT COMPS ANALYSIS
  • 15 Via Mantova #201 Henderson, NV 3
    • 2 beds 2 baths ∙ 1,503 Sqft ∙ Built 2004 2 beds 2 baths ∙ 1,503 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $1.62
    •  
  • 20 Via Mantova #210 Henderson, NV 1
    • 2 beds 1 baths ∙ 1,503 Sqft ∙ Built 2006 2 beds 1 baths ∙ 1,503 Sqft ∙ Built 2006
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.19
    •  
  • 39 Via Verso Lago Henderson, NV 2
    • 2 beds 3 baths ∙ 1,634 Sqft ∙ Built 2018 2 beds 3 baths ∙ 1,634 Sqft ∙ Built 2018
    LEASED 10/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.22
    •  
PROPERTY LISTING DETAILS
Erin Pierson-mills
1.702.265.5756
Exp Realty
Gabriela Lara
1.866.250.5610
Mynd Property Management
1453579
Greater Las Vegas Association of Realtors ( GLVAR)
MLS #: 2263003
Last Updated: 01/23/2021
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