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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $190.86
- 3 Days on Market
- MLS # : 2257920
- Updated Date : 01/01/2021 at 19:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,991 sqft
- Baths : 2 full , 1 half
Listing Agent
Bhhs Nevada Properties
Listing Agent's Description
Wonderful home located in a desirable Paradise Hills neighborhood near community parks and recreation. Inviting curb appeal is enhanced with covered front porch with iron railing. Turnkey home has brand new paint and carpet! Open concept living highlighted by perfectly placed windows allowing natural light to pour in. Kitchen opens to family room and is complete with quality cabinetry, upgraded appliances, and dining nook. Slider leads to outdoor living area set around a covered patio. Restful primary suite has a 2 ceiling fans, large sitting area, and walk-in closet. Upgrades include new carpet, new two-tone paint, and stone pattern tile. Relaxing yard with covered paver patio, raised planter, and spa pad in place. Convenience items include a 75-gallon water heater and a newer Trane AC.
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: Paradise Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$1,402 |
| Property Tax | -$235 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$119 | |
|
CASH FLOW
-$162
|
||
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.
$380,000
PROJECTED PRICE
$1,660
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.05% |
| Appreciation Year (1-5) | 9.2% |
| 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
$106,450
LOAN DETAILS
$1,402
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $95,000 |
| Loan Amount | $285,000 |
3.92
YEARS SAVED
$16,221
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,667
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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128 Beach Oak Avenue Henderson, NV 1
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- 4 beds 2 baths ∙ 1,927 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,927 Sqft ∙ Built 2000
LEASED 04/15/20- Rent
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- $1,600
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160 Calm Morning Avenue Henderson, NV 4
- 3 beds 3 baths ∙ 2,161 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,161 Sqft ∙ Built 2005
LEASED 09/25/20- Rent
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- $1,750
- $0.81
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624 Monument Point Street Henderson, NV 5
- 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,052 Sqft ∙ Built 2004
LEASED 11/23/20- Rent
- Rent Per SQFT
- $1,750
- $0.85
PROPERTY LISTING DETAILS
1.702.436.3615
Bhhs Nevada Properties
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2257920
Last Updated: 01/01/2021
