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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $248.12
- 2 Days on Market
- MLS # : 2256715
- Updated Date : 12/19/2020 at 15:30
CONSTRUCTION
- Beds : 3
- Floor Size : 1,596 sqft
- Baths : 1 full
Listing Agent
Nv Superior Properties
Listing Agent's Description
SOUTHWESTERN PENTHOUSE best describes this fully furnished end unit that pivots out over the location. SPECTACULAR EXPANSIVE views from every window. Lake views, mountains views, and REFLECTION BAY GOLF COURSE FAIRWAYS ranked as the #1 Public course in Las Vegas. A 3 bedroom 3 baths home plus office/den. The kitchen is all stainless steel with wine frig, granite tops, a Travertine stone FLOORS, WOOD PLANK IN BEDROOMS. Tankless water heater, washer/dryer with its own utility room.Crown molding throughout. 10ft high ceilings. Large balcony to view your surrounding area. The living room is spacious with a stone embellished gas fireplace. Large stone primary shower. Lots of guest parking, Walking distance to Westing Hotel and the Hilton Hotel and Village restaurants. V Community has elaborate amenities for its owners, pools, Cabanas, exercise room, and card and Pool table room. Pet friendly, manicured desert landscaping in this gated community. Onsite staff.
SEE MORE
- 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)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (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 | $2,260 |
| EXPENSES | Loan Payment | -$1,461 |
| Property Tax | -$422 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$200
|
||
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.
$396,000
PROJECTED PRICE
$2,260
PROJECTED RENT
0.57%
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
$110,690
LOAN DETAILS
$1,461
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,000 |
| Loan Amount | $297,000 |
8.42
YEARS SAVED
$51,901
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,260
LIST RENT -
$1.42
LIST RENT PER SQFT
-
$1,831
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
-
15 Via Visione #204 Henderson, NV 5
- 3 beds 1 baths ∙ 1,596 Sqft ∙ Built 2008 3 beds 1 baths ∙ 1,596 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $2,260
- $1.42
-
4 Rue De Parc Henderson, NV 1
- 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1994
LEASED 11/30/20- Rent
- Rent Per SQFT
- $1,525
- $1.17
-
26 Via Vasari #204 Henderson, NV 2
- 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 2006
LEASED 08/27/19- Rent
- Rent Per SQFT
- $1,750
- $1.10
-
15 Via Visione #102 Henderson, NV 3
- 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 2008
LEASED 10/11/20- Rent
- Rent Per SQFT
- $1,795
- $1.13
-
36 Via Vasari #206 Henderson, NV 4
- 3 beds 1 baths ∙ 1,596 Sqft ∙ Built 2006 3 beds 1 baths ∙ 1,596 Sqft ∙ Built 2006
LEASED 10/26/20- Rent
- Rent Per SQFT
- $1,899
- $1.19
PROPERTY LISTING DETAILS
1.702.768.5799
Nv Superior Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2256715
Last Updated: 12/19/2020
