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160 Soaring Sky Avenue 
Henderson, NV
89011
3 Beds 2 Baths 2,192 sqft
Built 2013
INVESTimate
$362,900
List Price
$101,919
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PROPERTY INFO
FACTS
- Built In 2013
- Price/Sqft : $165.56
- 4 Days on Market
- MLS # : 2224360
- Updated Date : 08/25/2020 at 21:25
CONSTRUCTION
- Beds : 3
- Floor Size : 2,192 sqft
- Baths : 2 full
Listing Agent
Windermere Prestige Properties
Listing Agent's Description
Gorgeous and Move-In Ready!! Great floor plan with two separate family/media/game rooms plus separate formal living or office with double glass doors. Open kitchen with breakfast bar island, eat-in dining area, double pantries, stainless steel appliances with double oven. ALL appliances stay! Beautiful wood-look ceramic tile throughout - NO CARPET! Tankless water heater, Loft storage system in garage, SO many extras!! Recently re-landscaped front yard=Great curb appeal. Relax in the lovely, green, low-maintenance backyard with textured concrete patio. Freestanding cover included. What else can we say?? MUST see to appreciate.
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: Pittman
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pittman
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,339 |
| Property Tax | -$283 | |
| Property Insurance | -$70 | |
| HOA | -$34 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$144
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.
$362,900
PROJECTED PRICE
$1,700
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.75% |
| Appreciation Year (1-5) | 11.46% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 8.50% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$101,919
LOAN DETAILS
$1,339
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $90,725 |
| Loan Amount | $272,175 |
3.42
YEARS SAVED
$12,156
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,902
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
160 Soaring Sky Avenue Henderson, NV 1
- 3 beds 2 baths ∙ 2,192 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,192 Sqft ∙ Built 2013
![property image]()
- Rent
- Rent Per SQFT
- $1,700
- $0.78
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509 Via Palermo Drive Henderson, NV 2
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LEASED 09/19/19- Rent
- Rent Per SQFT
- $1,795
- $0.82
-
1053 Via Prato Lane Henderson, NV 3
- 3 beds 4 baths ∙ 2,238 Sqft ∙ Built 2007 3 beds 4 baths ∙ 2,238 Sqft ∙ Built 2007
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LEASED 12/11/19- Rent
- Rent Per SQFT
- $1,850
- $0.83
-
249 Via Franciosa Drive #0 Henderson, NV 4
- 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2006
![property image]()
LEASED 09/28/19- Rent
- Rent Per SQFT
- $1,875
- $0.88
-
254 Via Franciosa Drive Henderson, NV 5
- 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,132 Sqft ∙ Built 2006
![property image]()
LEASED 08/07/20- Rent
- Rent Per SQFT
- $2,000
- $0.94
PROPERTY LISTING DETAILS
1.702.592.8661
Windermere Prestige Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224360
Last Updated: 08/25/2020
