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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $193.88
- 24 Days on Market
- MLS # : 2249939
- Updated Date : 12/11/2020 at 17:08
CONSTRUCTION
- Beds : 5
- Floor Size : 3,038 sqft
- Baths : 3 full
Listing Agent
Keller Williams Market Place
Listing Agent's Description
*BEAUTIFUL 2 STORY HOME LOCATED IN SEVEN HILLS*GORGEOUS LOW MAINTENANCE DESERT LANDSCAPING*NO REAR NEIGHBORS*2 CAR GARAGE*NEW ACS & POWERED CURTAINS*CENTRAL VAC INSTALLED*LARGE FAMILY ROOM UPON ENTERING*BEAUTIFUL TILE FLOORING*SPACIOUS KITCHEN WITH TONS OF NATURAL LIGHTING, LARGE ISLAND, GRANITE COUNTER TOPS, BREAKFAST BAR/EATING AREA, GRANITE COUNTER TOPS, STAINLESS STEEL APPLIANCES, CUSTOM CABINETS, & RECESSED LIGHTING*SPACIOUS LIVING ROOM WITH RECESSED LIGHTING & SURROUND SYSTEM*2 MASTER BEDROOMS UPSTAIRS*MASTER BEDROOM WITH LARGE WALK IN CLOSET, FRENCH DOORS & SHOWER & TUB WITH JETS*2ND MASTER BATH WITH DOUBLE SINKS*SEPARATE LAUNDRY ROOM*BEAUTIFUL BACKYARD WITH POOL & SPA*BEAUTIFUL WATERFALL & HEATED*GARDEN AREA*COVERED PATIO WITH TONS OF ROOM FOR ENTERTAINMENT*FRESHLY PAINTED DECK & PATIO*ALARM SYSTEM*NEAR SHOPPING & DINING*
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Seven Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seven Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,710 |
| EXPENSES | Loan Payment | -$2,173 |
| Property Tax | -$365 | |
| Property Insurance | -$86 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$33
|
||
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.
$589,000
PROJECTED PRICE
$2,710
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 6.8% |
| 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
$161,835
LOAN DETAILS
$2,173
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $147,250 |
| Loan Amount | $441,750 |
5.67
YEARS SAVED
$44,429
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,710
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,666
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
1613 Sabatini Drive Henderson, NV 4
- 5 beds 3 baths ∙ 3,038 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,038 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $2,710
- $0.89
-
1654 Sabatini Drive Henderson, NV 1
- 5 beds 2 baths ∙ 2,855 Sqft ∙ Built 2001 5 beds 2 baths ∙ 2,855 Sqft ∙ Built 2001
LEASED 02/02/20- Rent
- Rent Per SQFT
- $2,400
- $0.84
-
1717 Sabatini Drive Henderson, NV 2
- 5 beds 2 baths ∙ 2,855 Sqft ∙ Built 2001 5 beds 2 baths ∙ 2,855 Sqft ∙ Built 2001
LEASED 09/09/20- Rent
- Rent Per SQFT
- $2,500
- $0.88
-
3066 Via Del Corso Henderson, NV 3
- 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 2002
LEASED 06/22/20- Rent
- Rent Per SQFT
- $2,550
- $0.85
-
3047 Via Sarafina Drive Henderson, NV 5
- 4 beds 2 baths ∙ 2,984 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,984 Sqft ∙ Built 1999
LEASED 10/02/20- Rent
- Rent Per SQFT
- $2,795
- $0.94
PROPERTY LISTING DETAILS
1.702.456.5959
Keller Williams Market Place
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2249939
Last Updated: 12/11/2020
