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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Las Vegas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$115,725
LOAN DETAILS
$1,441
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
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
-
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
1.702.265.5756
Exp Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2263003
Last Updated: 01/23/2021
