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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $154.26
- 6 Days on Market
- MLS # : 2269589
- Updated Date : 02/21/2021 at 03:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,333 sqft
- Baths : 3 full , 1 half
Listing Agent
Paradigm Realty
Listing Agent's Description
A well-maintained three story townhome with 3 bdrms, 3.5 bath, and 2-car attached garage. Enjoy the expansive mountain and city views on your roof-top deck. All ample-sized bedrooms include ensuites. Bedroom on first level has patio access and other bedrooms are located on the third level. Open concept great room and kitchen with GE stainless steel appliances, granite countertops, large island breakfast bar, and 42" cabinets. Pantry, built-in desk, and powder room conveniently located off of kitchen. All appliances including front loading washer and dryer are included. Water softener already installed to tackle the hard Las Vegas water. Close proximity to shopping, dining, parks & recreation. This vibrant home is a rare find and could be your dream home. Come experience it for yourself today!
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: Gibson Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gibson Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$223 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
$126
|
||
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.
$359,900
PROJECTED PRICE
$1,790
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.96% |
| Appreciation Year (1-5) | 9.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.63% |
| 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
$101,124
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
7.58
YEARS SAVED
$35,059
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$2,053
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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1525 Spiced Wine Avenue #30102 Henderson, NV 1
- 3 beds 4 baths ∙ 2,333 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,333 Sqft ∙ Built 2015
![property image]()
- Rent
- Rent Per SQFT
- $1,790
- $0.77
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1340 Spice Ridge Court #n/a Henderson, NV 2
- 3 beds 3 baths ∙ 2,252 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,252 Sqft ∙ Built 2007
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LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,995
- $0.89
-
1332 Spice Ridge Court Henderson, NV 3
- 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,404 Sqft ∙ Built 2007
![property image]()
LEASED 12/11/20- Rent
- Rent Per SQFT
- $1,995
- $0.83
-
1782 Bridlegate Henderson, NV 4
- 3 beds 2 baths ∙ 2,290 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,290 Sqft ∙ Built 1997
![property image]()
LEASED 06/25/20- Rent
- Rent Per SQFT
- $2,095
- $0.91
-
78 Graythorn Mountain Court Henderson, NV 5
- 3 beds 3 baths ∙ 2,358 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,358 Sqft ∙ Built 1996
![property image]()
LEASED 12/23/20- Rent
- Rent Per SQFT
- $2,100
- $0.89
PROPERTY LISTING DETAILS
1.702.305.6949
Paradigm Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2269589
Last Updated: 02/21/2021
